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2
Q1 2016
Announced M&A Transactions
Completed
Completed
Completed
February 29, 2016
February 10, 2016
February 5, 2016
Notes
Notes
Notes
Decision Resources, Inc. acquired
Adaptive Software LLC for $24.5 million.
Under the terms, $7.4 million of the total
consideration will be paid on closing, an
additional $11.1 million if and when
Adaptive meets certain post-closing
requirements and additional payments up
to $6 million in aggregate based on the
future performance of the Adaptive
business. In 2015, Adaptive generated
revenues of $3.2 million.
Constellation Healthcare Technologies
completed a share purchase agreement to
acquire MDRX Medical Billing LLC for $30
million in cash. Constellation will pay a
maximum cash consideration of up to $30.0
million, with $28.0 million payable upon
completion and up to a further $2.0 million in
cash based on the fulfillment of certain revenue
targets by MDRX during the following two
years. Unaudited management accounts for
the 12 months to August 31, 2015 show
revenues of $31.6 million, underlying EBITDA
of $4.8 million and net assets of $2.3 million as
at that date.
Halma plc (LSE:HLMA) acquired
CenTrak, Inc. from private shareholders
for $140 million in cash. The acquisition
was funded from Halma's existing cash
and debt facilities. As on December 31,
2015 CenTrak reported revenue of
$43.8 million and gross assets of $26.2
million. The CenTrak Chief Executive
Officer and management team will
continue to operate the business out of
its current locations.
acquired
acquired
acquired
Source: Public Filings; Industry Newswires and Capital IQ as of 3/8/16