UnitedHealth Group’s Optum Acquires EMIS Group For $1.5 Billion
Optum, a subsidiary of UnitedHealth Group since 2011, has announced the purchase of EMIS Group, a UK healthcare technology company, for approximately $1.5 billion USD, or £1.24 billion, in an all-cash transaction. An affiliate of UnitedHealth’s Optum, Bordeaux UK Holdings II Limited, has offered £1,925 per share in cash, reflecting a 49% premium to EMIS’ closing price on June 16. Optum UK CEO Rob Sergeant said in a statement the deal to acquire EMIS will bring more advanced technology solutions and capabilities to the UK’s National Health Service and general practitioners. EMIS Group is a provider of healthcare software, information technology and related services in the UK. EMIS... Read More »
Bain Capital Makes First Investment in Healthcare AI
Bain Capital announced, on June 6, that it acquired a majority stake in LeanTaaS. LeanTaaS develops software that combines predictive analytics and machine learning to help optimize how health systems use resources like infusion chairs, operating rooms and inpatient beds. Founded in 2010 and headquartered in Santa Clara, California, LeanTaaS works with more than 500 hospitals and 130 health systems across the U.S. Bain’s investment will allow LeanTaaS to expand its technology capabilities. The purchase of LeanTaaS is Bain’s first venture into healthcare AI. Insight Partners and the growth equity business within Goldman Sachs Asset Management will each retain minority stakes in... Read More »
BD Enters New Pharmacy Automation Solutions Market With Parata Systems Acquisition
On June 6, Becton, Dickinson and Company (BD), a leading global medical technology company, entered into a definitive agreement to acquire Parata Systems, an innovative provider of pharmacy automation solutions, for $1.53 billion from leading private equity firm Frazier Healthcare Partners. The transaction will be complementary to BD’s solutions in medication management with a new set of technologies across the care continuum, including acute care health systems, retail pharmacies, long-term care and home settings. Ropes & Gray LLP advised Becton, Dickinson and Company in the acquisition. Parata provides BD access to a new $600 million pharmacy automation market segment that is... Read More »
Planet DDS Announces Significant Investment from Aquiline Capital Partners
On June 1, Planet DDS, a leading provider of cloud-based software solutions for dental practices in North America, announced a definitive agreement to be recapitalized by New York-based private equity firm Aquiline Capital Partners LLC. In conjunction with Aquiline’s investment, Level Equity Management, LLC, a New York-based private investment firm, will invest additional capital. The investments from Aquiline and Level Equity will be used to accelerate the company’s growth plans. SVB Securities acted as exclusive financial advisor to Planet DDS and Level Equity Management. Goodwin Procter LLP acted as legal advisor to Planet DDS and Level Equity Management, and Ropes &... Read More »
