Jon Krieger | Head of Healthcare IT Investment Banking | 212.809.1413 | jkrieger@tmcapital.com
M&A | Divestitures | Financings
Week Ended 2/19/10
Healthcare IT M&A

Nautic Partners acquired Healthcare Payment Specialists, a provider of healthcare payment and reimbursement solutions

PatientsLikeMe, a provider of communities for patients diagnosed with life-changing diseases, acquired ReliefInsite.com, a pain management website operator

PositiveID, a provider of implantable RFID microchips used to identify emergency room patients, acquired Easy Check Medical Diagnostics, a provider of breath tests to measure glucose levels which are transmitted to a database via a wireless text messaging system

Healthcare IT Financing

Consult A Doctor 24/7, a provider of consumer driven telemedicine solutions, raised $5M from Morgenthau Venture Partners, New World Angels and Promociones Bursa

   
Healthcare News

Walgreen will acquire Duane Reade, a chain of 257 drug stores in the metropolitan New York area, for $1.1B from Oak Hill Capital Partners, who took the company private in 2004 for $750M; last year Walgreen generated sales of $63B through its 7,162 stores

 

Merge Healthcare made an unsolicited $248M bid for Amicas, exceeding Thoma Bravo’s bid of $217M announced in December 2009; Amicas publicly stated that Merge’s proposal is “illusory and risky”

 

Eclipsys, a healthcare software and services provider, beat analyst expectations as it increased its fourth quarter earnings and revenue by 15% and 5% to $3.8M and $133.7M, respectively; its shares traded up  7.5% the day following its earnings announcement

 

Surescripts announced it will reduce access charges for its electronic prescribing network for pharmacies, pharmacy vendors and pharmacy benefit managers to motivate smaller scale pharmacies to participate in its network; some speculate the charge decrease could be 10% to 15%

 

The Workgroup for Electronic Data Interchange launched the WEDI ICD-10 Vendor Resource Directory, which provides information on more than 40 vendors offering ICD-10 services

YTD Healthcare IT Index
Note: TM Capital Middle-Market Healthcare IT Index: ATHN, CPSI, ECLP, HMSY, MDAS, OMCL, STRM and TRCR
 
Weekly Healthcare IT Index
Note: TM Capital Middle-Market Healthcare IT Index: ATHN, CPSI, ECLP, HMSY, MDAS, OMCL, STRM and TRCR
 
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About TM Capital    
TM Capital Corp. is an independent investment banking firm based in New York, Boston and Atlanta, which has completed over 200 mergers, acquisitions and financings with a combined value in excess of $11 billion for its global roster of clients. For 20 years, TM Capital has provided its client companies with the expertise, resources and focus necessary to structure, negotiate and close strategic transactions. TM Capital is a member firm of M&A International Inc., the world's leading alliance of mid-market investment banks with over 600 professionals in 43 offices spanning 41 countries.



 

    TM Capital HIT Weekly - Week Ended 2/19/10

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