GI Partners/Allscripts Healthcare Solutions $950 million acquisition of Netsmart Technologies

23/3/2016

Private acquisition

Value:

$ 950 million

Status:

Completed

Date:

23/3/2016

Overview:

GI Partners, a private equity firm and Allscripts Healthcare Solutions, a healthcare IT firm, have acquired Netsmart Technologies from Genstar Capital.
Allscripts Healthcare Solutions will merge its Allscripts' home care software business unit with Netsmart.
The transaction was valued at $950 million.
Houlihan Lokey and UBS Investment Bank acted as financial advisers to GI Partners.
JPMorgan and William Blair acted as financial advisers to Netsmart.

Rani Mehta - Journalist

Jurisdiction:

United States

Deal type:

Private acquisition

Practice areas:

Private equity
M&A

Industry sector:

Technology and telecommunications

Firms:

Paul Hastings

Party: GI Partners (Acquirer)

Lawyers: Christopher Sheaffer, Jason Rednour, William Simpson

Sidley Austin

Party: Allscripts Healthcare Solutions (Acquirer)

Party: GI Partners (Acquirer)

Lawyer: Seth Katz

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