M&A Deal Summary

WebMD Health Acquires Mercury Healthcare

On June 29, 2022, WebMD Health acquired software company Mercury Healthcare from Vestar Capital Partners, HarbourVest Partners and Sumeru Equity Partners

Acquisition Highlights
  • This is WebMD Health’s 1st transaction in the Software sector.
  • This is WebMD Health’s 17th transaction in the United States.
  • This is WebMD Health’s 1st transaction in Colorado.

M&A Deal Summary

Date 2022-06-29
Target Mercury Healthcare
Sector Software
Buyer(s) WebMD Health
Sellers(s) Vestar Capital Partners
HarbourVest Partners
Sumeru Equity Partners
Deal Type Add-on Acquisition

Target

Mercury Healthcare

Denver, Colorado, United States
Mercury Healthcare is a technology and data analytics company that empowers healthcare organizations to engage consumers and optimize provider relationships to accelerate growth. Mercury Healthcare was founded in 1998 and is based in Denver, Colorado.

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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 20 of 25
Sector (Software) 1 of 1
Type (Add-on Acquisition) 18 of 23
State (Colorado) 1 of 1
Country (United States) 17 of 20
Year (2022) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-25 SanovaWorks

New York, New York, United States

SanovaWorks is a multiplatform company focused on delivering targeted educational offerings and learning solutions for dermatologists. Sanovaworks also hosts leading medical conferences ODAC Dermatology, Aesthetics and Surgical and Skin of Color and offers web-based learning tools, publications such as Journal of Drugs in Dermatology (JDD) and virtual webinar and podcast series. SanovaWorks is based in New York.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-28 MNG Health

Bensalem, Pennsylvania, United States

MNG Health is a provider of technology-enabled multi-channel marketing solutions that allow pharmaceutical, biotechnology, and medical device brands. MNG Health was founded in 2013 and is based in Bensalem, Pennsylvania.

Buy -

Seller(S) 3

SELLER

Vestar Capital Partners

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1988
PE ASSETS 11.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Vestar Capital Partners is a private equity firm that targets management buyouts and growth capital investments across North America and Europe in the consumer, business services, and healthcare sectors. The Firm looks to invest $50 to $150 million in transactions valued up to $1 billion. Specific areas of interest include food, apparel, household goods, retail, consumer services, industrial services, information services, manufacturing, distribution, transportation, financial services, media/communications, digital health media, and medical technology. Vestar Capital Partners was formed in 1988 and is based in New York City.


DEAL STATS #
Overall 63 of 66
Sector (Software) 2 of 2
Type (Add-on Acquisition) 25 of 28
State (Colorado) 3 of 3
Country (United States) 51 of 53
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-14 PetHonesty

Austin, Texas, United States

PetHonesty is a provider of pet supplements and products. The Company’s pet products are formulated to help address a range of common pet ailments, including mobility, digestion, and allergies, providing a healthy supplement to traditional pet diets. PetHonesty was founded in 2018 and is based in Austin, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-30 Nox Health

Alpharetta, Georgia, United States

Nox Health is a global sleep health company that improves the health of populations through better sleep. Nox provides a range of solutions from comprehensive sleep diagnostic technology for providers to value-based comprehensive sleep management programs for self-insured employers and payers. Nox Health was formed in 2007 and is based in Alpharetta, Georgia.

Buy -
SELLER

HarbourVest Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1978
PE ASSETS 86.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

HarbourVest Partners, LLC is an investment firm that makes investments in new private equity partnerships, acquires secondary interests, and makes direct investments in operating companies. HarbourVest's largest investment area is investments in private equity funds, comprising of approximately 2/3 of HarbourVest's assets. HarbourVest's direct investment group looks for investments in growth oriented businesses at a variety of stages. The Group generally targets co-investments of $5 to $100 million, growth capital financings of $5 to $40 million, or mezzanine commitments of $5 to $20 million. Sectors of interest include software, hardware, data communications, telecommunications, and financial services. HarbourVest was formed in 1997 to assume the business of Hancock Venture Partners which was formed in 1982. HarbourVest Partners is based in Boston, Massachusetts, with additional offices in London, Tokyo, and Hong Kong.


DEAL STATS #
Overall 120 of 134
Sector (Software) 15 of 16
Type (Add-on Acquisition) 49 of 58
State (Colorado) 3 of 3
Country (United States) 77 of 85
Year (2022) 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-14 MEDIFOX DAN

Hildesheim, Germany

MEDIFOX DAN is a provider of software solutions to outpatient and inpatient care providers and therapy practices. The Company specializes in the development of innovative software solutions and services for professional and non-professional care, therapeutic practices and child, family, and youth welfare facilities. MEDIFOX DAN was established in 1994 and is based in Hildesheim, Germany.

Sell $1.0B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-03 Hermetic Solutions Group

Trevose, Pennsylvania, United States

Hermetic Solutions Group is a provider of advanced hermetic packaging and components designed to ensure critical electronic systems function reliably in demanding environments where it is essential to control for factors such as weight, space, vibration, temperature, moisture and off-gassing. Hermetic Solutions Group was founded in 2016 and is based in Pennsylvania, United States.

Sell -
DESCRIPTION

Sumeru Equity Partners, Inc. is a technology-focused private equity firm that makes investments in mid-market software, technology enabled services, and hardware companies with a focus on growth. Sumeru Equity Partners typically invests between $25 and $200 million in companies with revenues greater than $10 million. Sumeru Equity Partners was formed in 2014 and is based in Foster City, California.


DEAL STATS #
Overall 10 of 11
Sector (Software) 3 of 4
Type (Add-on Acquisition) 5 of 6
State (Colorado) 1 of 1
Country (United States) 8 of 8
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-12 Beqom

Nyon, Switzerland

Beqom provides a cloud-based compensation management solution that unifies all compensation and rewards processes on a single platform, from salary and bonus to deferred incentives and sales commissions. Beqom was founded in 2009 and is based in Nyon, Switzerland.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-13 Q4

Toronto, Ontario, Canada

Q4 is a provider of cloud-based Investor Relations (IR) websites and apps on all screens - desktop, tablet and smartphones. Q4 was founded in 2005 and is based in Toronto, Ontario.

Buy $257M