M&A Deal Summary

Veradigm Acquires Extended Care Information Network

On December 31, 2007, Veradigm acquired information technology company Extended Care Information Network from The Edgewater Funds for 94M USD

Acquisition Highlights
  • This is Veradigm’s 3rd transaction in the Information Technology sector.
  • This is Veradigm’s 7th largest (disclosed) transaction.
  • This is Veradigm’s 4th transaction in the United States.
  • This is Veradigm’s 1st transaction in Illinois.

M&A Deal Summary

Date 2007-12-31
Target Extended Care Information Network
Sector Information Technology
Buyer(s) Veradigm
Sellers(s) The Edgewater Funds
Deal Type Add-on Acquisition
Deal Value 94M USD

Target

Extended Care Information Network

Chicago, Illinois, United States
Extended Care Information Network, Inc. is a provider in patient discharge planning and utilization management systems that assist hospitals in streamlining workflow, increasing productivity, accelerating payment from insurance companies, improving patient throughput, and reducing length-of-stay.

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Buyer(S) 1

Buyer

Veradigm

Chicago, Illinois, United States

Category Company
Founded 1986
Sector Information Technology
Employees2,450
Revenue 588M USD (2022)
DESCRIPTION

Veradigm is a provider of healthcare information technology solutions that advance clinical, financial and operational results. Veradigm was incorporated in 1986 and is based in Chicago, Illinois.


DEAL STATS #
Overall 4 of 16
Sector: Information Technology M&A 3 of 10
Type: Add-on Acquisition M&A Deals 3 of 11
State: Illinois M&A 1 of 2
Country: United States M&A 4 of 12
Year: 2007 M&A 1 of 1
Size (of disclosed) 7 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-03-02 A4 Health Systems

Cary, North Carolina, United States

A4 Health Systems, Inc. is a provider of information technology for healthcare providers. A4 delivers solutions to automate clinical, administrative and financial processes and share information across entire health care delivery networks - enhancing quality of care, improving patient service levels and reducing costs.

Buy $227M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-03-18 Misys Healthcare

United States

Misys Healthcare LLC is a provider of application software and services to the healthcare industry.

Buy -

Seller(S) 1

SELLER

The Edgewater Funds

Chicago, Illinois, United States

Category Private Equity Firm
Founded 1991
PE ASSETS 2.8B USD
Size Large
Type Sector Agnostic
DESCRIPTION

The Edgewater Funds is a private equity firm that targets investments in profitable, middle-market growth companies. Target companies typically have revenues of $20 to $500 million in revenue and EBITDA of $5 to $30 million. The Firm will consider minority and control investments in the form of growth capital financings and traditional buyouts. Edgewater looks for North American businesses operating in a variety of industries. Sectors of interest include business services; financial and government services; consumer products and services; healthcare; IT services and software; and industrial/manufacturing. Edgewater was formed in 1991 and is based in Chicago, Illinois.


DEAL STATS #
Overall 7 of 43
Sector: Information Technology M&A 1 of 7
Type: Add-on Acquisition M&A Deals 5 of 19
State: Illinois M&A 2 of 5
Country: United States M&A 7 of 42
Year: 2007 M&A 4 of 4
Size (of disclosed) 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-12-18 Compass Environmental

Chicago, Illinois, United States

Compass Environmental, Inc. is an environmental engineering and civil construction company servicing a diverse base of commercial, federal and state clients.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-02-26 Helicon Re Holdings

Hamilton, Bermuda

Helicon Re Holdings Ltd. is a specialty reinsurer focused on the property excess and marine excess reinsurance market.

Sell $150M