Printer Friendly

BV Investment Acquires Health Information Solutions Provider EDCO Health.

MANews-(C)2009-2019

11 November 2019 - Boston, US-based private equity firm BV Investment Partners, focussed on the business services, software and IT services sectors, has partnered with the current executive team of health information solutions provider EDCO to Acquire EDCO Health Information Solutions Inc., the company said.

Terms of the transaction were not disclosed.

BV Investment Partners said the investment in EDCO aligns with the company's focus on backing leading software and technology-enabled services companies in the healthcare industry.

BV has previously announced new platform investments in five companies in 2019, along with two sales. About BV Investment Partners

BV Investment Partners is currently investing its ninth private equity fund. The firm is one of the oldest and most experienced sector-focussed private equity firms in North America.

Since its founding in 1983, the firm has invested USD 3.5bn, actively targeting investments in the business services, software and IT services industries.

EDCO Health Information Solutions' patented medical record indexing software, Solarity, maximises efficiency and improves quality in pre- and post-discharge document capture.

Utilised in acute and ambulatory settings across North America, Solarity delivers complete electronic patient charts to clinicians for comprehensive patient care.

CIBC Cleary Gull served as exclusive financial advisor to EDCO in connection with the transaction. Horwood Marcus and Berk represented EDCO as legal counsel in the transaction. Ropes and Gray LLP served as legal counsel to BV.

Country: USA

Sector: Healthcare

Target: EDCO Health Information Solutions

Buyer: BV Investment Partners

Vendor: EDCO

Deal size in USD:

Type: LBO

Financing: Cash and Stock

Status: Agreed

Buyer advisor: Ropes and Gray , ,

Comment: Terms of the deal were not disclosed

COPYRIGHT 2019 Normans Media Ltd.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2019 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:M & A Navigator
Date:Nov 11, 2019
Words:270
Previous Article:Deal snapshot: OATEY ACQUIRES SELECT ASSETS OF PLUMBING SUPPLIER KEENEY MANUFACTURING.
Next Article:American Well Acquires Behavioural Telehealth and Telepsychiatry Services Provider Aligned Telehealth.

Terms of use | Privacy policy | Copyright © 2020 Farlex, Inc. | Feedback | For webmasters