BV Investment Acquires Health Information Solutions Provider EDCO Health.
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.
Target: EDCO Health Information Solutions
Buyer: BV Investment Partners
Deal size in USD:
Financing: Cash and Stock
Buyer advisor: Ropes and Gray , ,
Comment: Terms of the deal were not disclosed
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|Publication:||M & A Navigator|
|Date:||Nov 11, 2019|
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