As PE Logs Off, Strategics Log In to Healthcare Tech Companies
August 27, 2012
Huntsman Gay Global Capital and Vista Equity Partners have completed the sale of Sunquest Information Systems to Roper Industries (NYSE: ROP) for $1.415 billion, including $25 million in cash tax benefits. Sunquest offers diagnostic and laboratory software solutions to healthcare providers. Huntsman Gay had backed the company since 2010, and Vista since 2007.
Private equity investors have sold or taken public 39 U.S. companies primarily involved in the Healthcare Technology Systems industry, according to the PitchBook Platform. A sale to a strategic buyer (corporate acquisition) is the exit method of choice for most PE investors offloading companies in the industry, accounting for 66% of the activity. These transactions have typically been larger in size than other exits from Healthcare Technology Systems companies with a median size of $248 million, compared to $135 million for secondary buyouts and $33 million for IPOs.
