Assuming Emdeon eventually hits the button on its prospective initial public offering of common stock, the company is likely to continue its acquisitive ways. Last week's Emdeon announcement of its acquisition of eRx Network came three years after the pair entered a strategic alliance. Within the past ten months, Emdeon also announced its acquisition of GE Healthcare Information Technology's patient-statement business; and, its purchase of The Sentinel Group, a fraud- and abuse-management services provider. With that in mind, we note that within the past 15 months Emdeon also announced strategic alliances with Durham-based Bloodhound Partner (Optimal Business-Trustmark Holdings), a claims analytics provider; and, consummated a tech partnership with drug-claims tech provider NovoLogix (then known as ACM Inc.), based in Minneapolis. The flurry of activity in 2008, followed by a few weeks the purchase by Emdeon's private-equity backers (General Atlantic and Hellman & Friedman) of the remaining Emdeon ownership stake held, theretofore, by HLTH Corp. (itself soon to be integrated within WebMD). Emdeon has shelf-registed a potential $460MM IPO with the SEC, and has indicated both that some of the proceeds of the offering will be directed toward further acquisitions; and, that its current private-equity controllers will continue to retain controlling interest of the company after the IPO. A considerable chunk of Emdeon's corporate 'DNA' traces back to the formation of Envoy Corporation here, more than 20 years ago, by Fred Goad, who now partners with former Envoy exec Jim Kever in Brentwood-based Voyent Partners, through which the pair invests in angel and private-equity deals.
Showing posts with label Hellman and Friedman. Show all posts
Showing posts with label Hellman and Friedman. Show all posts
Monday, July 06, 2009
Emdeon technivore?
Assuming Emdeon eventually hits the button on its prospective initial public offering of common stock, the company is likely to continue its acquisitive ways. Last week's Emdeon announcement of its acquisition of eRx Network came three years after the pair entered a strategic alliance. Within the past ten months, Emdeon also announced its acquisition of GE Healthcare Information Technology's patient-statement business; and, its purchase of The Sentinel Group, a fraud- and abuse-management services provider. With that in mind, we note that within the past 15 months Emdeon also announced strategic alliances with Durham-based Bloodhound Partner (Optimal Business-Trustmark Holdings), a claims analytics provider; and, consummated a tech partnership with drug-claims tech provider NovoLogix (then known as ACM Inc.), based in Minneapolis. The flurry of activity in 2008, followed by a few weeks the purchase by Emdeon's private-equity backers (General Atlantic and Hellman & Friedman) of the remaining Emdeon ownership stake held, theretofore, by HLTH Corp. (itself soon to be integrated within WebMD). Emdeon has shelf-registed a potential $460MM IPO with the SEC, and has indicated both that some of the proceeds of the offering will be directed toward further acquisitions; and, that its current private-equity controllers will continue to retain controlling interest of the company after the IPO. A considerable chunk of Emdeon's corporate 'DNA' traces back to the formation of Envoy Corporation here, more than 20 years ago, by Fred Goad, who now partners with former Envoy exec Jim Kever in Brentwood-based Voyent Partners, through which the pair invests in angel and private-equity deals.
Saturday, November 29, 2008
Nashville Health IT garners awards
We had to chuckle, reading the headline on a Nov. 25 release from VU spinoff portfolio company Informatics Corporation of America (ICA), in which the company announced it had taken the Gartner-linked "2008 Healthcare IT Summit by Storm, Winning Two of Five Award Categories." You gotta love such unbridled enthusiasm, which, these days, could only arise where there's plenty of cash on-tap. It's not just still-small startups that are bragging about their tech expertise. A few weeks ago, it was venture-backed Emdeon blowing its horn about winning SAP/Business Object's Business Intelligence Excellence Awards. Emdeon is owned by private-equity players General Atlantic LLC and Hellman & Friedman LLC.
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