M&A Deal Summary

Zipari Acquires Healthx

On December 21, 2020, Zipari acquired information technology company Healthx from JMI Equity

Acquisition Highlights
  • This is Zipari’s 1st transaction in the Information Technology sector.
  • This is Zipari’s 1st transaction in the United States.
  • This is Zipari’s 1st transaction in Indiana.

M&A Deal Summary

Date 2020-12-21
Target Healthx
Sector Information Technology
Buyer(s) Zipari
Sellers(s) JMI Equity
Deal Type Merger

Target

Healthx

Indianapolis, Indiana, United States
Healthx is a provider of Internet-enabled healthcare claims information to middle-market employers and their employees, small insurance brokers and third-party administrators. The Company's system creates a dynamic, customizable and cost-effective environment that accelerates the exchange of vital information used in the purchase of and payment for healthcare services via the Internet.

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Buyer(S) 1

Buyer

Zipari

Brooklyn, New York, United States

Category Company
Founded 2014
Sector Internet Software and Services
DESCRIPTION

Zipari is a healthcare technology company that develops products for health insurance carriers to engage with consumers in new and innovative ways. Zipari was founded in 2014 and is based in Brooklyn, New York.


DEAL STATS #
Overall 1 of 1
Sector: Information Technology M&A 1 of 1
Type: Merger M&A Deals 1 of 1
State: Indiana M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2020 M&A 1 of 1

Seller(S) 1

SELLER

JMI Equity

La Jolla, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1992
PE ASSETS 7.5B USD
Size Mega
Type Sector Focused
DESCRIPTION

JMI Equity is a private equity firm focused on investments in software, internet, business service, and healthcare IT. Targeted businesses typically help automate and optimize business and information technology processes. The Firm will consider investments at all stages of development, including early-stage companies, self-funded businesses requiring growth capital, and later stage businesses in need of buyout or recapitalization funding. JMI looks to commit at least $25 million per transaction. JMI Equity was formed in 1992 and maintains offices in San Diego and Baltimore.


DEAL STATS #
Overall 100 of 107
Sector: Information Technology M&A 14 of 14
Type: Merger M&A Deals 4 of 6
State: Indiana M&A 1 of 1
Country: United States M&A 90 of 95
Year: 2020 M&A 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-14 Arena Solutions

Foster City, California, United States

Arena Solutions, Inc. is a cloud-based PLM company that provides an all-in-one product development platform that unites PLM, ALM, supply chain collaboration, and QMS for the design and manufacture of complex electronics. Its solution creates a collaborative development-to-production workflow tied to the product record that connects electrical, mechanical, and software engineers, allowing them to work seamlessly with product development, quality, and manufacturing teams. Arena Solutions was founded in Foster City, California.

Sell $715M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-12 Employee Navigator

Bethesda, Maryland, United States

Employee Navigator is a cloud-based provider of benefits administration software for insurance brokers, carriers, and their clients. Employee Navigator was founded in 2008 and is based in Bethesda, Maryland.

Buy -