| Healthcare IT M&A |
- Intuit, a provider of financial and business management software, acquired Medfusion, a provider of patient-provider communication solutions for physician practices, for $91M
- SAP acquired Sybase, a provider of enterprise and mobile software for the financial services, government and healthcare industries, for $5.8B which represents a 44% premium to the trailing three month average stock price
- Mediware Information Systems, a provider of clinical management and performance management information software systems, acquired Knowledge-Forge, a provider of e-learning and compliance management solutions for the healthcare industry
- Tribridge, a provider of business IT applications and IT consulting services, acquired Mercatus Group, a provider of healthcare IT consulting services
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| Healthcare IT Financing |
- CardioDx, a provider of diagnostic tools for cardiovascular disease, raised $5M from GE Healthcare
- MDdatacor, a provider of healthcare quality management solutions for insurers and providers, raised $2.6M from DIANON Systems and private investors
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| Healthcare News |
- Medquist, a medical transcription provider, reported first quarter 2010 revenue declined 6.3% to $74M which the company cites as a result of lower pricing
- The Centers for Medicare & Medicaid Services awarded $9M to four state Medicaid programs to aid them in implementing the EHR incentive program; to date, CMS has awarded $67M in grants to 39 states, Puerto Rico and the US Virgin Islands
- Large multi-specialty medical groups improved quality of care by 5 – 15% and lowered annual per patient costs by 3.6% compared to smaller physician group practices; if all physicians achieved similar results, the Medicare program could save $15B annually (Health Affairs)
- 2010 healthcare costs for a typical American family of four rose to $18,074, an increase of $1,303 compared to 2009; this total dollar rise represents the highest amount recorded since the inception of the study (Milliman, Inc.)
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| YTD Healthcare IT Index |
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| Note: TM Capital Middle-Market Healthcare IT Index: ATHN, CPSI, ECLP, HMSY, MDAS, OMCL, STRM and TRCR |
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| Weekly Healthcare IT Index |
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| Note: TM Capital Middle-Market Healthcare IT Index: ATHN, CPSI, ECLP, HMSY, MDAS, OMCL, STRM and TRCR |
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| TM's Healthcare Technology Practice |
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212.809.1413 |
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617.259.2201 |
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617.259.2203 |
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212.809.1419 |
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617.259.2205 |
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617.259.2207 |
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| About TM Capital |
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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. |
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