Resurgens Technology Partners Acquires Valant Medical Solutions 

Resurgens Technology Partners Acquires Valant Medical Solutions 

Gemspring Capital, a private equity firm based in Westport, Connecticut, announced on December 4 the sale of Valant Medical Solutions to Resurgens Technology Partners.  Aeris Partners served as financial advisor to Valant and McDermott Will & Emery LLP served as legal counsel to Gemspring. The financial terms were not disclosed.  Valant Medical Solutions is a provider of SaaS-based electronic health record (EHR) and practice management software for behavioral health providers. It provides a comprehensive and differentiated software platform that enables customers to manage key operational, clinical and financial workflows to drive optimal business and patient outcomes. Valant... Read More »
EverService Acquires Mid-State Communications

EverService Acquires Mid-State Communications

EverService Holdings, LLC announced that it closed its acquisition of Manchester, Tennessee-based Mid-State Communications on December 14.  Mid-State Communications provides medical answering, emergency dispatch, employee reporting, virtual receptionist, appointment scheduling and patient intake services to increase client revenue and improve patient experience. EverService focuses on end-to-end solutions specialized for the legal, medical, home services, retail and technology industries integrated with clients’ customer relationship management, electronic health records and operational systems. The company is based in Phoenix, Arizona.  The acquisition of Mid-State... Read More »
EverService Acquires Mid-State Communications

Trivest Partners’ Portfolio Company Acquires Patient Engagement Company

On October 31, Unosquare, a portfolio company of private equity firm Trivest Partners, announced its acquisition of Catalyst UX, a patient engagement company. Unosquare s a global digital engineering company providing full-cycle digital transformation services, both nearshore and onshore, from delivery centers in the United States, Mexico, Colombia, Bolivia and the United Kingdom. Founded in 1994, Catalyst UX is a leading digital experience agency focused on the healthcare, life sciences and FinTech markets. Catalyst will complement Unosquare’s more than 1,000 delivery professionals and global operations across three continents. The acquisition adds to Unosquare’s strategy of providing its... Read More »

eHealth Deals Soar in 2019

It almost goes without saying that technology has permeated every aspect of healthcare, but dealmaking in 2019 underscores that point even further. Based on preliminary numbers, eHealth deals hit a record 212 this year, a slight uptick from 2018’s deal count of 204, according to our Deal Search Online database. Source: HealthcareMandA.com, December 2019 The graph above breaks out the number of deals by target type. Companies focused on providing management software solutions to support back-office operations led the sector this year, with 46 deals. These are usually small firms offering software-as-a-service (SaaS) platforms that could be implemented to aid any type of healthcare... Read More »
Private Equity Stays Active in Health Care

Private Equity Stays Active in Health Care

Nearly halfway into 2019, and PE firms are showing no signs of slowing as they swarm the healthcare industry. So far this year, there have been 71 deals with a private equity firm as the buyer, or roughly 11% of the total deals announced. That’s roughly the same amount as in the same period in 2018. In late May, Golden Gate Capital announced it purchased Ensemble Health Partners for a reported $1.2 billion from Bon Secours Mercy Health. The target company provides outsourced revenue cycle management (RCM) and operation solutions to hospitals across the country. It has more than 3,600 employees and partners with more than 60 hospitals in 30 states. Bon Secours bought the company in... Read More »