M&A Deal Summary

WebMD Health Acquires Medifax-EDI

On December 22, 2003, WebMD Health acquired business services company Medifax-EDI from Arcapita for 280M USD

Acquisition Highlights
  • This is WebMD Health’s 1st transaction in the Business Services sector.
  • This is WebMD Health’s largest (disclosed) transaction.
  • This is WebMD Health’s 1st transaction in the United States.
  • This is WebMD Health’s 1st transaction in Tennessee.

M&A Deal Summary

Date 2003-12-22
Target Medifax-EDI
Sector Business Services
Buyer(s) WebMD Health
Sellers(s) Arcapita
Deal Type Add-on Acquisition
Deal Value 280M USD
Advisor(s) SunTrust Robinson Humphrey, Inc.
Edge Healthcare Partners LLC (Financial)

Target

Medifax-EDI

Nashville, Tennessee, United States
Medifax EDI was a leading provider of medical eligibility transactions services in the United States and also provided claims management solutions, practice management systems and other financial services to both health care providers and payors through its Medical Services Division. In addition, Medifax was a leading provider of workers compensation prescription processing for retail pharmacies through its Pharmacy Services Division.

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Buyer(S) 1

Buyer

WebMD Health

New York, New York, United States

Category Company
Sector Digital Media
Employees1,700
Revenue 705M USD (2016)
DESCRIPTION

WebMD Health Corp. is a provider of health information services, serving consumers, physicians, healthcare professionals, employers, and health plans through our public and private online portals, mobile platforms and health-focused publications. WebMD Health Corp. is based in New York City.


DEAL STATS #
Overall 1 of 25
Sector (Business Services) 1 of 2
Type (Add-on Acquisition) 1 of 23
State (Tennessee) 1 of 1
Country (United States) 1 of 20
Year (2003) 1 of 1
Size (of disclosed) 1 of 3
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-01-18 eMedicine.com

Omaha, Nebraska, United States

eMedicine.com, Inc. is an online publisher of medical reference information for physicians and other healthcare professionals.

Buy $26M

Seller(S) 1

SELLER

Arcapita

Manama, Bahrain

Investor Investor Investor Investor Investor


Category Asset Manager
Founded 1997
Size Mega
Type Sector Agnostic
DESCRIPTION

Arcapita is a private investment firm with separate investment disciplines spanning venture capital, corporate investment, real estate, and asset-based investments. Arcapita's Corporate Investment practice looks to acquire controlling interests in established companies valued between $50 million and $500 million. Sectors of interest include consumer products/services, healthcare, energy, technology, and manufacturing. Arcapita's infrastructure team looks to invest $50 to $300 million in energy, water, and transportation assets. The Firm will consider opportunities around the globe; including the United States, Latin America, Russia, China, Europe, Middle-East, and India. Arcapita was formed 1997 and has offices in Manama, Bahrain; Atlanta, Georgia; London; and Singapore.


DEAL STATS #
Overall 1 of 33
Sector (Business Services) 1 of 4
Type (Add-on Acquisition) 1 of 16
State (Tennessee) 1 of 2
Country (United States) 1 of 23
Year (2003) 1 of 1
Size (of disclosed) 7 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-12-01 WorkingRx

Salt Lake City, Utah, United States

WorkingRx, Inc. based in Salt Lake City, Utah, offers products and services to take the "Work" out of Workers' Compensation Pharmacy Claim Processing. The company helps pharmacies reduce the administrative time spent on Work Comp claims and improve their customer service efficiency and reduce their back office processing. The solutions give pharmacists the tools they need to offer unparalleled service to their customers, efficiently process claims, and capture new business. By offering both indemnity and non-indemnity programs, WorkingRx provides the flexibility necessary to fit the needs of both independent and chain pharmacies.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-02-01 Zephyr Investments

Reading, United Kingdom

Zephyr Investments Limited is a portfolio of wind farms in the United Kingdom.

Buy -