M&A Deal Summary

WellSky Acquires Consolo Services Group

On December 14, 2018, WellSky acquired information technology company Consolo Services Group from Bluff Point Associates

Acquisition Highlights
  • This is WellSky’s 4th transaction in the Information Technology sector.
  • This is WellSky’s 19th transaction in the United States.
  • This is WellSky’s 1st transaction in Kentucky.

M&A Deal Summary
Date 2018-12-14
Target Consolo Services Group
Sector Information Technology
Buyer(s) WellSky
Sellers(s) Bluff Point Associates
Deal Type Add-on Acquisition

Target

Consolo Services Group

Lexington, Kentucky, United States
Consolo Services Group LLC is a dynamic healthcare information technology company. The Consolo product has been in the market for over 15 years and was developed specifically for hospice and palliative care providers. From the start, Consolo has always leveraged its single-instance multi-tenant database cloud solution which has accelerated development efforts and allowed for cutting-edge clinical tools and industry-standardized data. Hospice and palliative care agencies can expect to improve their performance and bottom line with the Consolo platform.

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Buyer(S) 1

Buyer

WellSky

Overland Park, Kansas, United States
Category Company
Founded 1980
Sector Internet Software and Services
DESCRIPTION

WellSky is a supplier of software as a service (SaaS) and other software platforms for healthcare and human services providers and payers across acute, non-acute, and community-based sites of care. WellSky was founded in 1980 and is based in Overland Park, Kansas.

DEAL STATS #
Overall 20 of 28
Sector (Information Technology) 4 of 4
Type (Add-on Acquisition) 19 of 26
State (Kentucky) 1 of 1
Country (United States) 19 of 27
Year (2018) 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-22 Rock-Pond Solutions

Conway, Arizona, United States

Rock-Pond Solutions is a provider of business intelligence software to the home infusion, HME and specialty pharmacy industries. Their leading products, CareTend BI and CareTend BI for CPR+, provide the information post-acute healthcare providers need to drive efficiency, profitability and quality. Rock-Pond Solutions was founded in 2000 and is based in Conway, Arizona.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-26 Health Care Software

Township, New Jersey, United States

Health Care Software, Inc. is a provider of integrated clinical and financial IT software for long-term and post-acute care providers. Health Care Software is based in Township, New Jersey.

Buy -

Seller(S) 1

SELLER

Bluff Point Associates

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2011
Size Small
Type Sector Focused
DESCRIPTION

Bluff Point Associates is a private equity firm that invests in middle-market information technology companies serving the financial services and healthcare industries. The Firm looks for control positions in growth-oriented companies with $3 to $30 million in revenue. Bluff Point Associates was formed in 2011 and is based in Westport, Connecticut.

DEAL STATS #
Overall 9 of 12
Sector (Information Technology) 1 of 1
Type (Add-on Acquisition) 6 of 9
State (Kentucky) 1 of 1
Country (United States) 9 of 12
Year (2018) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-02-02 Office Practicum

Fort Washington, Pennsylvania, United States

Office Practicum provides a fully-integrated Electronic Health Record and Practice Management software solution and Revenue Cycle Management services to pediatricians. The Company’s solutions drive improved clinical and financial outcomes for providers and their patients. Office Practicum was founded in 1992 and is based in Fort Washington, Pennsylvania.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-22 Critical Mix

Westport, Connecticut, United States

Critical Mix provides global sampling and data collection services to the market research industry. Critical Mix is based in Westport, Connecticut.

Sell -
Mergr

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