M&A Deal Summary

Verity Acquires CredentialMyDoc

On December 16, 2019, Verity acquired internet software and services company CredentialMyDoc from CTGConnect for 9M USD

Acquisition Highlights
  • This is Verity’s 1st transaction in the Internet Software and Services sector.
  • This is Verity’s largest (disclosed) transaction.
  • This is Verity’s 1st transaction in the United States.
  • This is Verity’s 1st transaction in Georgia.

M&A Deal Summary
Date 2019-12-16
Target CredentialMyDoc
Sector Internet Software and Services
Buyer(s) Verity
Sellers(s) CTGConnect
Deal Type Divestiture
Deal Value 9M USD

Target

CredentialMyDoc

Savannah, Georgia, United States
CredentialMyDoc is a provider of Software-as-a-Service solutions that are intuitive, easy to use, and fast to implement, especially in ambulatory care settings. Its solutions are used to credential providers, enroll providers with payers for reimbursement, and apply and maintain privileges. CredentialMyDoc is based in Savannah, Georgia.

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Buyer(S) 1

Buyer

Verity

Louisville, Colorado, United States
Category Company
Sector Software
DESCRIPTION

VerityStream is a wholly-owned subsidiary of HealthStream (Nasdaq: HSTM), which is focused on delivering enterprise-class solutions that are transforming credentialing, enrollment, privileging, and evaluations for healthcare organizations across the U.S.VerityStream is based in Louisville, Colorado.

DEAL STATS #
Overall 1 of 1
Sector (Internet Software and Services) 1 of 1
Type (Divestiture) 1 of 1
State (Georgia) 1 of 1
Country (United States) 1 of 1
Year (2019) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

CTGConnect

Savannah, Georgia, United States
Category Company
Sector Information Technology
DESCRIPTION

Covenant Technology Group LLC is a provider of an outsourced CIO expertise delivered as a subscription service or Software-as-a-Service (SaaS). Covenant Technology Group is based in Savannah, Georgia.

DEAL STATS #
Overall 1 of 1
Sector (Internet Software and Services) 1 of 1
Type (Divestiture) 1 of 1
State (Georgia) 1 of 1
Country (United States) 1 of 1
Year (2019) 1 of 1
Size (of disclosed) 1 of 1
Mergr

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