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Marlin puts eMDs on the block: WSJ
Posted on Thursday, 13 July 2017 14:10
Private equity investor Marlin Equity Partners is looking to exit Texan electronic health record software provider eMDs, according to the Wall Street Journal.

The business daily noted that the vendor has appointed Houlihan Lokey to advise on the process.

No further details of the potential transaction have been disclosed at this time.

eMDs was established in 1996 and is active in the manufacture of electronic health record and reliability-centred maintenance technology.

The company’s products are designed to help physicians focus on patients while improving their practice’s financials.

eMDs has been owned by Marlin since March 2015; the investor paid an undisclosed sum for the business, which it said would complement its MDeverywhere portfolio company.

The two firms were merged together upon completion, a move which Marlin said created a market-leading provider of fully-integrated financial, administrative and clinical products including full revenue cycle management capabilities.

It added that the enlarged business would have a customer base totalling more than 50,000 medical professionals in the US.

eMDs expanded further in April of last year, when it acquired a portfolio of software assets from New York-listed pharmaceuticals distributor McKesson for an undisclosed consideration.

Assets picked up as part of that deal include Medisoft, Lytec and Practice Partner.

According to Zephyr, the M&A database published by Bureau van Dijk, Marlin has already announced two exits this year.

The first was signed off in March, when it agreed to jettison Danish payroll and human resource administration software developer Bluegarden Holding to Visma for DKK 1.00 billion (EUR 134.47 million).

This was followed by May’s sale of Californian sports apparel maker Neff to Mad Engine for an undisclosed consideration.

Zephyr shows the most valuable deal targeting a software publisher to have been announced during 2017 to date was worth USD 5.50 billion and took the form of a funding round by taxi booking, chauffeur and car rental mobile application maker Xiaoju Kuaizhi.

Investors in the deal included Softbank, Silver Lake Technology Management, Bank of Communications and China Merchants Bank.

© Zephus Ltd