Healthcare IT

Q1-2018 Healthcare IT Update– Healthcare IT remained one of the most active sectors in healthcare from an M&A standpoint, as investors and strategic consolidators sought partnerships across a number of different service lines.

Q4-2017 Healthcare IT Update– Deal flow in the healthcare IT sector finished the year strong as strategic acquirers and private equity investors turned their attention to specialty-specific software solutions.

Q3-2017 Healthcare IT Update– Strong deal flow in the healthcare IT sector persisted in the third quarter as strategic acquirers and private equity groups sought out providers of data analytics and EHR systems.

Q2-2017 Healthcare IT Update– During the second quarter of 2017, more than 20 healthcare IT transactions were announced with a particular focus on technology targeted at reducing provider cost through both EHR and practice management systems.

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

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.

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.

  • ”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.”

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

  • “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.”

  • “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.”

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

  • “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.”

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