Healthcare IT

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Q1-2017 Healthcare IT Update– The beginning of 2017 brought a wave of consolidation activity within the Healthcare Information Technology (HIT) sector, as large strategic acquirers were eager to expand their product offerings, taking advantage of highly demanded software platforms that offer cost-saving solutions to healthcare providers.

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Q4-2016 Healthcare IT Update– Healthcare Information Technology deal flow continued its momentum into the last quarter of 2016, as broad-based IT and revenue cycle management companies aggressively acquired niche-focused providers to enhance the scope of their services.

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Q3-2016 Healthcare IT Update– Healthcare IT has been one of the most active sectors in healthcare from a merger and acquisition standpoint, and this continued in the third quarter with strong transaction volume.

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Q2-2016 Healthcare IT Update– Analytics and cloud based services healthcare IT companies continued to be a dominant theme in terms of merger and acquisition transactions in the second quarter. Notable transactions for the quarter include McKesson’s intent to create a new entity with Change Healthcare as well as CSC’s acquisition of HP’s Enterprise Services division, from which a significant portion of revenue is derived from healthcare contracts with state and federal agencies.


Transaction Advisory– Intelemage, a global pioneer in medical image sharing and workflow management, has been acquired by Medidata. Medidata plans to integrate Intelemage’s technology into the Medidata Clinical Cloud®, its industry-leading SaaS platform. This will offer customers an end-to-end solution to capture, manage, and analyze medical imaging data.


Conference: Attending – The 2015 HIMSS Annual Conference & Exhibition, April 12-16, 2015, Chicago, Illinois.

6N Annoucement

Transaction Advisory – 6N Systems, Inc. (6N), a subsidiary of Village Care Of New York, Inc. (VillageCare), has been acquired by SigmaCare. SigmaCare is a portfolio company of Marlin Equity Partners. 6N provides a fully integrated suite of Electronic Medical Record (EMR) and financial software for the long term care market, allowing an organization to track and measure performance for financial health; identify and address issues for improved quality; and better manage clinical and financial outcomes.

EMsystem Annoucement

Transaction Advisory – Milwaukee-based EMSystem, LLC and Infinity HealthCare have completed a recapitalization of EMSystem today with a West Coast Private Equity Firm with over $9 billion under management.

  • “A lot of investment bankers were interviewed, Provident was chosen. Provident delivered. My clients could not be happier.”

  • “We would not have been successful navigating the process without Provident’s hard work and active participation. They exceeded our expectations and we would highly recommend them to any health care company seeking a knowledgeable and engaged investment banking firm.”

  • “After working with Provident on several transactions, it is evident that their extensive industry knowledge and deal expertise prove to be invaluable to their clients.”

  • “While the decision to sell our business was a difficult one, Provident vigilantly represented and protected our best interests throughout the transaction.  Provident was the right choice for Cascade and I would recommend their services to anyone.”

  • “Provident’s depth of experience and practical business savvy was demonstrated in their ability to cut through what sometimes looked like impasse.”

  • “Provident listened to our story, confirmed that our business was valuable and made us feel like this was the only transaction important to them.”

  • ”I have a tremendous amount of appreciation and gratitude to the Provident team for their hard work and diligence throughout this process. Each and every member of the Provident team is excellent at their jobs and it has been a pleasure working with such a professional team. Provident has provided outstanding guidance and counsel, and this deal could never have gotten done without Provident’s leadership.”