M&A Deal Summary

Verisys Acquires Aperture Credentialing

On June 28, 2021, Verisys acquired healthcare services company Aperture Credentialing from Concentric Equity Partners and Hughes & Company

Acquisition Highlights
  • This is Verisys’ 1st transaction in the Healthcare Services sector.
  • This is Verisys’ 1st transaction in the United States.
  • This is Verisys’ 1st transaction in Kentucky.

M&A Deal Summary
Date 2021-06-28
Target Aperture Credentialing
Sector Healthcare Services
Buyer(s) Verisys
Sellers(s) Concentric Equity Partners
Hughes & Company
Deal Type Add-on Acquisition
Advisor(s) Bailey & Company (Financial)

Target

Aperture Credentialing

Louisville, Kentucky, United States
Aperture Credentialing is a provider of credentialing verification services for health providers. Aperture Credentialing is based in Louisville, Kentucky.

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Buyer(S) 1

Buyer

Verisys

Louisville, Kentucky, United States
Category Company
Founded 1992
Sector Information Technology
DESCRIPTION

Verisys provides a comprehensive cloud-based technology platform of data, analytics, and services that supports enterprise-wide compliance in the U.S. healthcare industry. Verisys protects healthcare consumers by enforcing competency and regulatory compliance, system integrity, and patient safety through transparency. Verisys was founded in 1992 and is based in Louisville, Kentucky.

DEAL STATS #
Overall 1 of 3
Sector (Healthcare Services) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Kentucky) 1 of 2
Country (United States) 1 of 3
Year (2021) 1 of 3
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-16 Aperture Health

Louisville, Kentucky, United States

Aperture Health makes comprehensive provider data management easy. Aperture Health helps health plans, health systems, and state Medicaid agencies improve provider data quality, build and manage provider networks, and publish and maintain provider directories. Aperture Health was founded in 2001 and is based in Louisville, Kentucky.

Buy -

Seller(S) 2

SELLER

Concentric Equity Partners

Chicago, Illinois, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2002
Size Small
Type Sector Agnostic
DESCRIPTION

Concentric Equity Partners is a private equity firm that invests in profitable, growth-oriented middle-market companies. Concentric typically invests $10 to $30 million of capital per transaction, however, the Firm's historical investment range is $5 to $100 million. Areas of interest include business services, consumer services, financial services, and healthcare. Prospective transaction situations include management led buyouts, leveraged buyouts, and growth equity investments. Concentric will consider both majority and minority situations. Concentric is the direct investment arm of asset management firm, Financial Investments Corporation. Concentric Equity Partners was established in 2002 and is based in Chicago, Illinois.

DEAL STATS #
Overall 15 of 18
Sector (Healthcare Services) 3 of 3
Type (Add-on Acquisition) 4 of 6
State (Kentucky) 1 of 1
Country (United States) 15 of 18
Year (2021) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-30 Sunbelt Waterproofing & Restoration

Dallas, Texas, United States

Sunbelt Waterproofing & Restoration provides and installs below-grade waterproofing systems, joint sealants, damp proofing, and water repellents. Sunbelt Waterproofing & Restoration was founded in 2010 and is based in Dallas, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-15 Weatherhaven

Burnaby, British Columbia, Canada

Weatherhaven provides shelter solutions for military and commercial applications with a focus on remote, highly specialized, and re-deployable shelter systems. Weatherhaven provides a full suite of shelter solutions and deployment capabilities, ranging from the collaborative design of customized solutions for customers to engineering, supply chain, production, installation, and aftermarket support services. Weatherhaven was founded in 1981 and is based in Burnaby, British Columbia.

Buy -
SELLER

Hughes & Company

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2018
Size Small
Type Sector Focused
DESCRIPTION

Hughes & Company is a hands-on, growth-oriented private equity firm focused on the healthcare sector. The Firm looks to partner with strong management teams to build and scale companies exhibiting market leadership potential and high barriers to entry. Hughes will consider both minority or majority situations and looks to commit $5 to $20 million per transaction. Hughes & Company was formed in 2018 and is headquartered in Chicago, Illinois.

DEAL STATS #
Overall 1 of 1
Sector (Healthcare Services) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Kentucky) 1 of 1
Country (United States) 1 of 1
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-04-16 Azara Healthcare

Burlington, Massachusetts, United States

Azara Healthcare is a provider of data-driven analytics, quality measurement, and reporting for the Community Health and physician practice market. Azara Healthcare was founded in 2011 and is based in Burlington, Massachusetts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-06 Encoda

Tampa, Florida, United States

Encoda develops cloud-based, enterprise medical billing software, Encoda BackOffice, which bridges workflow gaps between practice management systems, clearinghouses, and payers. Instead of medical billers toggling between multiple systems to find claims that need to be worked. Encoda was founded in 2006 and is based in Tampa, Florida.

Buy -
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