| Healthcare IT M&A |
- Evolute Consolidated Holdings, a business and technology consulting firm, acquired MidTech Partners, a provider of technology integration services for the healthcare industry
- TriTech Software Systems, a provider integrated public safety software solutions for police, fire, and EMS agencies, acquired Ortivus, a provider of pre-hospital applications such as EMS billing, patient care reporting, computer-aided dispatch, automatic vehicle location, mobile data, patient vital signs monitoring, for $11.51M (1.6x LTM Revenue; 6.5x LTM EBITDA)
|
| Healthcare IT Financing |
| none |
| Healthcare News |
- Sermo, the largest online physician community with 112,000 physician members, conducted a survey which revealed that 26% of solo physician practices admitted they have been forced to close or are considering closing their practice; this poll foreshadows the coming shortage of primary care physicians due to reduced and delayed reimbursements and high overhead costs
- Enrollments in state Medicaid programs increased by 7.5% to 46.9M people for the twelve months ended June 2009 compared to comparable period one year prior, marking the largest one year increase in Medicaid history; for the first time since the early 1990s, every state experienced an increase as more people lose their employer funded health insurance
- MedQuist, a provider of medical transcription services, along with its majority owner CBay, were approved by courts as the stalking horse bidders in the 363 sale process of Spheris, a provider of clinical documentation technology and services, who filed for Chapter 11 bankruptcy protection earlier this year
- HealthStream, a provider of learning and research solutions for the healthcare industry, reported its FY 2009 revenues were up 11% to $57.4M compared to 2008; the Company’s web-based learning center for training and education increased its healthcare professional subscription base by 11.8% to 2,073,000 healthcare professionals
|
|
| 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 |
| |
| TM's Healthcare Technology Practice |
|
212.809.1413 |
|
617.259.2201 |
|
617.259.2203 |
|
212.809.1419 |
|
617.259.2205 |
|
617.259.2207 |
|
| 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. |
|
 |
| |
|
