M&A Deal Summary |
|
|---|---|
| Date | 2022-08-01 |
| Target | Payer Compass |
| Sector | Internet Software and Services |
| Buyer(s) | Zelis Healthcare |
| Sellers(s) |
Spectrum Equity
Health Enterprise Partners |
| Deal Type | Add-on Acquisition |
| Advisor(s) | Latham & Watkins (Legal) |
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| Category | Company |
|---|---|
| Founded | 1995 |
| Sector | Information Technology |
Zelis Healthcare is a healthcare information technology company and market-leading provider of end-to-end healthcare claims cost management and payments solutions including network solutions, claims integrity and electronic payments serving healthcare payer clients, healthcare providers and healthcare consumers in the medical, dental and workers' compensation markets nationwide. Zelis Healthcare was founded in 1995 and is based in Boston, Massachusetts.
| DEAL STATS | # |
|---|---|
| Overall | 7 of 9 |
| Sector: Internet Software and Services M&A | 2 of 2 |
| Type: Add-on Acquisition M&A Deals | 6 of 7 |
| State: Texas M&A | 1 of 1 |
| Country: United States M&A | 7 of 9 |
| Year: 2022 M&A | 1 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-09-14 |
Sapphire Digital
Lyndhurst, New Jersey, United States Sapphire Digital is a proprietary provider database to create an online portal that provides detailed information, quality metrics, and patient reviews for most physicians in the United States. Sapphire Digital was founded in 2007 and is based in Lyndhurst, New Jersey. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-11-09 |
Payspan
Jacksonville, Florida, United States Payspan provides payment solutions for health plans and providers seeking to increase provider adoption of electronic payments, engage patient members, and accelerate quality care. Payspan was founded in 1984 and is based in Jacksonville, Florida. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1994 |
| PE ASSETS | 8.2B USD |
| Size | Mega |
| Type | Sector Focused |
Spectrum Equity Management L.P. is a private equity investor focused on service businesses. Spectrum specifically targets established businesses in the media, communications, IT, information, and business services industries. The Firm looks to commit $25 to $150 million of equity capital per transaction and focuses on opportunities throughout North America and Western Europe. Prospective transaction situations include leveraged buyouts, recapitalizations, acquisition financings, and secondary purchases. Spectrum Equity Investors was formed in 1994 and has offices in Boston, Massachusetts and Menlo Park, California.
| DEAL STATS | # |
|---|---|
| Overall | 66 of 77 |
| Sector: Internet Software and Services M&A | 13 of 17 |
| Type: Add-on Acquisition M&A Deals | 40 of 46 |
| State: Texas M&A | 3 of 3 |
| Country: United States M&A | 59 of 68 |
| Year: 2022 M&A | 1 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-06-03 |
WIN Reality
Austin, Texas, United States WIN Reality is a virtual reality-based training tool designed to offer athlete evaluation and development. The company’s software solution allows baseball and softball players to step into a virtual ballpark and take game speed pitches that move as they would in a live environment. WIN Reality was founded in 2018 and is based in Austin, Texas. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-09-07 |
XR Extreme Reach
New York, New York, United States XR Extreme Reach is a provider of integrated cross-media video advertising and talent solutions that span TV, Web, Mobile, and all other video media. XR Extreme Reach was founded in 2008 and is based in New York, New York. |
Sell | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 2007 |
| PE ASSETS | 425M USD |
| Size | Middle-Market |
| Type | Sector Focused |
Health Enterprise Partners is a private equity firm focused on the healthcare technology, tech-enabled services, and healthcare services. Specific areas of interest include behavioral health IT, consumer engagement platforms, data security, genomics data analytics, payor services, tech-enabled substance abuse management, social determinants of health, and virtual care. The Firm generally pursues growth equity investments and small buy-and-builds. Health Enterprise Partners was formed in 2007 and is headquartered in New York City.
| DEAL STATS | # |
|---|---|
| Overall | 22 of 24 |
| Sector: Internet Software and Services M&A | 3 of 3 |
| Type: Add-on Acquisition M&A Deals | 18 of 20 |
| State: Texas M&A | 3 of 4 |
| Country: United States M&A | 22 of 24 |
| Year: 2022 M&A | 5 of 5 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-06-11 |
Nordic Consulting
Madison, Wisconsin, United States Nordic Consulting provides Epic EHR consulting services to healthcare organizations. Nordic Consulting was founded in 2012 and is based in Madison, Wisconsin. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-10-06 |
Alivia
Woburn, Massachusetts, United States Alivia provides a revolutionary, AI-powered payment integrity platform for cost containment, serving commercial and government health plans, auditors, and fraud investigators. The platform offers speed, accuracy, and adaptability with powerful data and analytics. Alivia is based in Woburn, Massachusetts. |
Buy | - |
