The e-health market continues to be one of the most active sectors with nine announced acquisitions
in September and 25 for the third quarter. How much of the activity is related to the hype around ObamaCare
is anyone’s guess, but interest has been very strong all year. In the largest deal of note in September, private
equity firm Thoma Bravo has entered into an agreement to purchase Mediware Information Systems, Inc. (NASDAQ:MEDW) for approximately $195 million. Thomas Bravo is paying $22.00 per share in cash for the company,
representing a 40% premium to the prior day’s closing price. Mediware develops and licenses clinical management
information solutions and on a trailing 12-month basis had revenues of nearly $65 million and EBITDA of
$13.6 million. The transaction is expected to close at the end of the year, and William Blair & Company served as
financial advisor to Mediware, while Herrick Feinstein provided legal counsel; Kirkland & Ellis advised Thoma
Bravo. Although no price was disclosed, another private equity firm, Pamlico Capital, purchased Missouri-based
HEALTHCAREfirst from The Riverside Co., another private equity firm. The target company is a technology
company serving the home health and hospice market………Want to read more? Click here for a free trial to The Health Care M&A Information Source and download the current issue today
Schedule a demo
Gain access to the best healthcare and long-term care investment intelligence, data, and analysis.
