M&A Trends in Healthcare IT

Jul 18, 2017 | Publisher: edocr | Category: Finance |  | Collection: Finance | Views: 18 | Likes: 1

Securities offered through 7M Securities, LLC (member FINRA/SIPC) 508 W. 5th Street, Suite 225, Charlotte NC 28202 M&A Trends in Healthcare IT sectorwatch July 2017 See notice at end of report v.200612 overview contents + dashboard: summary metrics on the sector, with commentary on market momentum by comparing the most recent 12-month performance against the last 3-year averages + public basket performance: summary valuation and operating metrics for a basket of comparable public companies + valuation comparison: a more graphical, detailed comparison of valuation multiples for the public basket + who’s buying: ranking of the most active buyers in the sector based on announced deal size and # of deals during the trailing twelve months + recent deals: we detail the most recently announced sector deals 2 about us 7MA provides Investment Banking & Advisory Services to the Business Services and Technology Industries globally. We advise on M&A and private capital transactions, and provide market assessments and benchmarking. As a close knit team with a long history together and a laser focus on our target markets, we help our clients sell their companies, raise capital, grow through acquisitions, and evaluate new markets. sectorwatch We publish sectorwatch, a review of M&A and operational trends in the industries we focus. let us know if we can help Contact us if there are ways we can assist your M&A or financing strategy. Technology in the Healthcare sector has been key in adding value, helping players in the space drive cost saving initiatives, generating more revenue, and impacting more lives. This impact has allowed M&A activity in the Healthcare IT space to remain active. highlights sectorwatch : healthcare IT See notice at end of report v.200612 dashboard operating metrics valuation momentum 3 Revenue Growth Momentum - 3.6% 1 - year revenue growth compared to revenue growth average for last 3 years Pricing / Gross Margin Momentum 0.8% 1 - year gross profit % compared to gross profit % average for last 3 years Profitability Momentum 1.1% 1 - year EBITDA % compared to EBITDA % average for last 3 years Current revenue growth rate is less than the average of the last 3 years, indicating that the market may be flattening or declining Current gross profit margin exceeds the average of the last 3 years gross profit margin by this amount, indicating supplier pricing power Current EBITDA margin exceeds the average of the last 3 years EBITDA margin by this amount, a condition that may attract new entrants 10.8% 15.0% 53.6% 0% 10% 20% 30% 40% 50% 60% Median LTM GP Margin % Median LTM Rev. Growth % Median LTM EBITDA Margin % 4.8 6.0 22.3 46.4 0 10 20 30 40 50 Median Price / LTM Earnings Median TEV / LTM EBITDA Median TEV / LTM EBIT Median TEV / LTM Revenue sectorwatch : healthcare IT For the most recent reporting periods as of 07-Jul-17 See notice at end of report v.200612 performance - summary public basket valuation trends public comparables Contact us to learn about M&A multiples 4 public basket Quality Systems, Inc. 1,049 510 3% 56% 12% 2.1 17.8 2,771 184 Evolent Health, Inc. 1,610 311 113% 39% -16% 5.2 0.0 2,400 130 Allscripts Healthcare Solutions, Inc.3,995 1,618 16% 49% 9% 2.5 26.9 7,500 216 Medidata Solutions, Inc. 4,541 486 20% 76% 15% 9.3 62.8 1,424 341 athenahealth, Inc. 5,661 1,112 14% 51% 10% 5.1 50.4 5,305 210 Veeva Systems Inc. 8,050 582 33% 69% 24% 13.8 56.9 1,794 325 Cerner Corporation 21,741 4,827 7% 85% 28% 4.5 16.1 24,400 198 McKesson Corporation 42,090 198,533 4% 6% 2% 0.2 9.6 51,000 3,893 Average 11,092 25,997 26% 54% 11% 5.3 30.1 12,074 687 Median 5,101 847 15% 54% 11% 4.8 22.3 4,038 213 share price as of 07Jul17 TEV $m GP % Company Rev / FTE $k EBITDA % TEV / Rev X TEV / EBITDA X # FTEs Rev Growth YoY LTM Rev $m --------------- LTM --------------- 10 20 30 40 50 60 70 3.0 3.5 4.0 4.5 5.0 5.5 6.0 6.5 Public Rev & EBITDA Multiples Over Time TEV/Revenue - Median Average TEV/EBITDA - Median Average REV X EBITDA X For the most recent reporting periods as of 07-Jul-17 sectorwatch : healthcare IT See notice at end of report v.200612 performance - operating 5 Contact us to learn about M&A multiples 15.0% 3.5% 4.0% 7.4% 14.1% 15.8% 20.2% 32.6% 112.5% -500% 0% 500% LTM Rev. Growth % Evolent Health, Inc. Veeva Systems Inc. Medidata Solutions, Inc. Allscripts Healthcare Solutions, Inc. athenahealth, Inc. Cerner Corporation McKesson Corporation Quality Systems, Inc. Median 10.8% (16.4%) 2.2% 9.5% 10.1% 11.5% 14.9% 24.3% 28.0% -20% 0% 20% 40% LTM EBITDA Margin % Cerner Corporation Veeva Systems Inc. Medidata Solutions, Inc. Quality Systems, Inc. athenahealth, Inc. Allscripts Healthcare Solutions, Inc. McKesson Corporation Evolent Health, Inc. Median 53.6% 5.7% 38.8% 49.2% 51.0% 56.2% 68.8% 75.6% 85.3% 0% 50% 100% LTM GP Margin % Cerner Corporation Medidata Solutions, Inc. Veeva Systems Inc. Quality Systems, Inc. athenahealth, Inc. Allscripts Healthcare Solutions, Inc. Evolent Health, Inc. McKesson Corporation Median For the most recent reporting periods as of 07-Jul-17 sectorwatch : healthcare IT See notice at end of report v.200612 valuation comparison 6 Contact us to learn about M&A multiples #NA #NA #NA #NA #NA #NA #NA #NA #NA 212.7 129.6 183.9 197.8 209.7 215.7 324.5 341.3 3,892.8 $0 $2,000 $4,000 $6,000 LTM Rev. per FTE x 000's McKesson Corporation Medidata Solutions, Inc. Veeva Systems Inc. Allscripts Healthcare Solutions, Inc. athenahealth, Inc. Cerner Corporation Quality Systems, Inc. Evolent Health, Inc. Median 62.3 26.3 41.0 51.1 61.1 63.5 67.7 72.7 85.1 0 50 100 Avg days sales outstanding Allscripts Healthcare Solutions, Inc. Cerner Corporation Medidata Solutions, Inc. Quality Systems, Inc. Veeva Systems Inc. athenahealth, Inc. Evolent Health, Inc. McKesson Corporation Median For the most recent reporting periods as of 07-Jul-17 sectorwatch : healthcare IT See notice at end of report v.200612 performance - operating 7 Contact us to learn about M&A multiples historical valuation multiples #NA #NA #NA #NA #NA #NA #NA #NA #NA 4.8 0.2 2.1 2.5 4.5 5.2 5.1 9.3 13.8 0 10 20 TEV / LTM Revenue Veeva Systems Inc. Medidata Solutions, Inc. athenahealth, Inc. Evolent Health, Inc. Cerner Corporation Allscripts Healthcare Solutions, Inc. Quality Systems, Inc. McKesson Corporation Median 22.3 9.6 16.1 17.8 26.9 50.4 56.9 62.8 0 50 100 TEV / LTM EBITDA Medidata Solutions, Inc. Veeva Systems Inc. athenahealth, Inc. Allscripts Healthcare Solutions, Inc. Quality Systems, Inc. Cerner Corporation McKesson Corporation Median For the most recent reporting periods as of 07-Jul-17 sectorwatch : healthcare IT See notice at end of report v.200612 valuation comparison historical valuation multiples 8 Contact us to learn about M&A multiples 6.0 12.0 22.2 27.4 68.1 0 50 100 TEV / LTM EBIT Allscripts Healthcare Solutions, Inc. Quality Systems, Inc. Cerner Corporation McKesson Corporation Median 46.4 7.1 33.9 58.9 100.4 135.1 270.6 0 200 400 Price / Earnings LTM athenahealth, Inc. Medidata Solutions, Inc. Veeva Systems Inc. Quality Systems, Inc. Cerner Corporation McKesson Corporation Median For the most recent reporting periods as of 07-Jul-17 sectorwatch : healthcare IT See notice at end of report v.200612 valuation comparison historical valuation multiples versus gross profit and revenue growth rates valuation multiples 9 Contact us to learn about M&A multiples 5.7% 38.8% 49.2% 51.0% 56.2% 68.8% 75.6% 85.3% 0 10 20 30 40 50 60 70 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% EBITDA(x) LTM GP% LTM GP% vs EBITDA(x) LTM GP Margin % TEV / LTM EBITDA 3.5% 4.0% 7.4% 14.1% 15.8% 20.2% 32.6% 112.5% 0 10 20 30 40 50 60 70 0% 20% 40% 60% 80% 100% 120% EBITDA(x) LTM RGR% LTM RGR% vs EBITDA(x) LTM Rev. Growth % TEV / LTM EBITDA For the most recent reporting periods as of 07-Jul-17 sectorwatch : healthcare IT See notice at end of report v.200612 recent deals 10 Contact us to learn about M&A multiples Date Target Buyer Total Transaction Value Target Revenue TEV / Revenue TEV / EBITDA Target Business Description For the most recent reporting periods as of 07-Jul-17 sectorwatch : healthcare IT 06/13/2017 TMG Health, Inc. Cognizant Technology Solutions Corporation - - - - TMG Health, Inc. provides technology-enabled business process outsourcing services for insurers, employers, health plans, and providers in the Medicare Advantage, Medicare Part D, Managed Medicaid care, and group retiree health plan markets in the United States. 01/13/2017 CynergisTek, Inc. Auxilio, Inc. 34.17 15.00 2.3x 6.3x CynergisTek, Inc. provides information technology (IT) security consulting services. 01/04/2017 Jiff, Inc. Castlight Health, Inc. 153.45 - - - Jiff, Inc. provides HIPAA-compliant social network and digital health apps platform for the healthcare industry. 10/27/2016 HealthMEDX, Inc. Netsmart Technologies Inc. - - - - HealthMEDX, Inc. designs, deploys, and provides software products and solutions for long-term care, home health, hospice, and rehab organizations and continuing care retirement community in the United States. 10/06/2016 Network Infrastructure Technologies Inc. Matrix International Financial Services - - - - Network Infrastructure Technologies Inc. is an information technology services company that focuses solely on the unique computing, networking, and application needs. 10/04/2016 Emmi Solutions, LLC Wolters Kluwer Health, Inc. 170.00 - - - Emmi Solutions, LLC designs technology-based solutions to deliver patient engagement aspects for hospitals and health systems, healthcare payers, and ambulatory care settings. 09/12/2016 Anthelio Healthcare Solutions Inc. Atos SE 275.00 200.00 1.4x - Anthelio Healthcare Solutions Inc. provides healthcare technology solutions to hospitals, physician practice groups, and other healthcare providers in the United States. 09/08/2016 Opportune IT Healthcare Solutions, Inc. Streamline Health Solutions, Inc. 1.40 - - - Opportune IT Healthcare Solutions, Inc. provides healthcare information technology solutions and services for the healthcare industry. 07/22/2016 Invoyent LLC West Monroe Partners, LLC 9.00 - - - Invoyent LLC operates as a health insurance consulting company that provides advisory and solution delivery services to large and small insurers, and software intermediaries across commercial and Blues organizations in the United States. 07/25/2016 Healthcare Services Management, Inc. Huron Consulting Group Inc. - - - - Healthcare Services Management, Inc. provides healthcare information technology and project management consulting services to the healthcare market in the United States. 06/13/2016 MedHOK, Inc. Hearst Health - 40.00 - - MedHOK, Inc. develops and delivers cloud-based care, quality, and compliance software solutions for health plans, accountable-care organizations, patient centered medical homes, pharmacy benefit managers, and specialty pharmacies in the United States. 04/04/2016 Ceryx Inc. Dimension Data Holdings plc - - - - Ceryx Inc. provides Software-as-a-Service based unified communications and collaboration solutions for mid-market and enterprise clients. 03/20/2016 Netsmart Technologies Inc. GI Partners, LLC; Allscripts Healthcare Solutions, Inc. 950.00 - - - Netsmart Technologies Inc., a healthcare information technology company, provides software and technology solutions. See notice at end of report v.200612 recent deals 11 Contact us to learn about M&A multiples Date Target Buyer Total Transaction Value Target Revenue TEV / Revenue TEV / EBITDA Target Business Description For the most recent reporting periods as of 07-Jul-17 sectorwatch : healthcare IT 02/17/2016 Truven Holding Corp. IBM Watson Health 3,592.97 610.72 5.9x 35.0x Truven Holding Corp. provides analytic solutions and services for healthcare industry in the United States and internationally. 12/15/2015 UMS s.r.l. Ascom Holding AG - - - - UMS s.r.l. provides point-of-care digital medical records software solutions for life- critical patient care processes in Italy, France, and Switzerland. 09/23/2015 Sagacious Consultants, LLC Accenture plc - - - - Sagacious Consultants, LLC provides Epic consulting services to hospitals. 07/22/2015 MedX Group, Corp. Millennium HealthCare Inc. - - - - MedX Group, Corp. is a software development company that offers information sharing solutions for physicians, hospital practices, and healthcare organizations. 7/17/2015 Pyramid Healthcare Solutions, Inc. Anthelio Healthcare Solutions Inc. - - - - Pyramid Healthcare Solutions, Inc. provides revenue cycle management solutions for the healthcare industry worldwide. 6/23/2015 Avectus Healthcare Solutions, LLC Bolder Healthcare Solutions LLC - - - - Avectus Healthcare Solutions, LLC provides third party liability and workers’ compensation claim resolution services for hospitals and trauma centers in the United States. 06/22/2015 Infosys Public Services, Inc., Healthcare Business Infosys Limited 98.39 - - - Infosys Public Services, Inc., Healthcare Business provides services including consulting, systems integration, IT services, enterprise mobility, cloud, and business process services for healthcare organizations. 1/13/2015 RazorInsights, LLC athenahealth, Inc. 40.00 - - - RazorInsights, LLC develops cloud based Electronic Health Records (EHR) solutions for the healthcare industry. 11/20/2014 CareTech Solutions, Inc. HTC Global Services, Inc. - - - - CareTech Solutions, Inc. provides information technology (IT) and Web products and services for hospitals and health systems in the United States. 11/19/2014 Change Healthcare Corporation Emdeon Inc. (nka:Change Healthcare Holdings, Inc.) 185.00 - - - Change Healthcare Corporation provides software and analytics, connectivity, communication, payment, consumer engagement, and workflow optimization solutions for payers, providers, pharmacies, and consumers in the United States. 11/3/2014 Aspen Advisors, LLC The Chartis Group, LLC - - - - Aspen Advisors, LLC provides healthcare technology consulting services. 09/14/2014 TZ US Parent, Inc. Cognizant Technology Solutions Corporation 2,700.00 - - - As of November 20, 2014, TZ US Parent, Inc. operates as a subsidiary of Cognizant Technology Solutions Corporation. 8/25/2014 Aperek, Inc. Premier, Inc. 48.50 - - - Aperek, Inc. provides Web-based analytics and savings solutions for the healthcare supply chain. See notice at end of report v.200612 contact us 12 Andy Johnston, Partner 704.899.5961 andy@7mileadvisors.com Leroy Davis, Partner 704.899.5962 leroy@7mileadvisors.com Tripp Davis, Partner 704.899.5762 tripp@7mileadvisors.com Ben Lunka, Director 704.496.2995 ben@7mileadvisors.com Neil Churman, Director 832.871.5037 neil@7mileadvisors.com Kristina Sergueeva, Director 704.899.5149 kristina@7mileadvisors.com John Cooper, Director 704.793.3996 john@7mileadvisors.com 508 W. 5th Street, Suite 140 Charlotte, NC 28202 85 Broad St. 17th Floor New York, NY 10004 Pennzoil Place 700 Milam St. Suite 1300 Houston, TX 77002 400 Continental Blvd, 6th Floor, El Segundo, CA 90245 www.7mileadvisors.com 7 Mile Advisors enables clients to increase and unlock enterprise value. We provide full-lifecycle investment banking and corporate advisory services to middle-market private and public clients by addressing the transactional and strategic opportunities faced by companies, boards, and financial sponsors. Our industry experience, network and credentials allow us to assemble a unique set of capabilities to serve our clients. We are results oriented. Our team has executed over 100 assignments and our success is built upon the success of our clients. Our services are focused in distinct practice areas which can be integrated based on the requirements of each client. Securities offered through 7M Securities, LLC. Tom Dinnegan, Managing Director 310.426.2410 tom@7mileadvisors.com Tim Frye, Director 704.973.3994 tim@7mileadvisors.com Rory Julyan, Associate 704.899.5960 x 120 rory@7mileadvisors.com Brenden Byrnes, Associate 704.973.3995 brenden@7mileadvisors.com Nicholas Prendergast, Financial Analyst 704.899.5960 x 117 nicholas@7mileadvisors.com Casey Augustine, Business Development 704.973.3999 casey@7mileadvisors.com See notice at end of report v.200612 terminology & notice Term Definition TEV Total enterprise value (market cap plus debt less cash) LTM Latest 12 months NTM Next 12 months EBITDA Earnings before interest, taxes, depreciation and amortization EBIT Earnings before interest and taxes GP Gross profit REV Revenue FTE Full-time employee RGR Revenue growth rate P/E Price / Earnings AR Turnover Revenue / Average Accounts Receivable Days Sales Outstanding (Average Accounts Receivable / Revenue) x Number of Days in Sales Measurement Period # M&A LTM The number of Mergers & Acquisition transactions that occurred during the last twelve months Transaction Size Transaction total value 13 At the time this was published: 1) 7M Securities was not making a market in any of the securities listed herein, nor was 7M Securities or associated persons selling or buying them from customers on a principal basis; 2) Neither 7M Securities, its officers nor its partners have a financial interest beyond a nominal basis in any of the securities of the issuers listed herein.; 3) 7M Securities was not a manager or co- manager of a public offering of any of the securities listed herein within the past 12 months. This report is for your information only and is not an offer to sell, or a solicitation of an offer to buy, the securities or instruments named or described in this report. Interested parties are advised to contact the entity with which they deal, or the entity that provided this report to them, if they desire further information. The information in this report has been obtained or derived from publicly available sources but neither 7 Mile Advisors, LLC nor 7M Securities, LLC represents that this information is accurate or complete. Any information contained in this report is subject to change without notice. 14 appendix See notice at end of report v.200612 valuation details revenue multiples earnings multiples EBITDA multiples 15 2012-08-31 2012-09-28 2012-10-31 2012-11-30 2012-12-31 2013-01-31 2013-02-28 2013-03-28 2013-04-30 2013-05-31 2013-06-28 2013-07-31 2013-08-30 2013-09-30 2013-10-31 2013-11-29 1.0 1.5 2.0 2.5 3.0 3.5 Historical Valuation Multiples - Quality Systems, Inc. TEV/Revenue Average 6 8 10 12 14 16 18 20 22 24 Historical Valuation Multiples - Quality Systems, Inc. TEV/EBITDA Average 3.0 4.0 5.0 6.0 7.0 8.0 9.0 Historical Valuation Multiples - Evolent Health, Inc. TEV/Revenue Average 0 0 0 0 0 1 1 1 1 1 1 Historical Valuation Multiples - Evolent Health, Inc. TEV/EBITDA Average 10 30 50 70 90 110 130 150 170 190 210 Historical Valuation Multiples - Quality Systems, Inc. P/E Average 1 2 3 4 5 6 7 Historical Valuation Multiples - Evolent Health, Inc. P/E Average 1.0 1.2 1.4 1.6 1.8 2.0 2.2 2.4 2.6 2.8 3.0 Historical Valuation Multiples - Allscripts Healthcare Solutions, Inc. TEV/Revenue Average 7 57 107 157 207 257 307 Historical Valuation Multiples - Allscripts Healthcare Solutions, Inc. TEV/EBITDA Average 20 70 120 170 220 270 320 Historical Valuation Multiples - Allscripts Healthcare Solutions, Inc. P/E Average For the most recent reporting periods as of 07-Jul-17 sectorwatch : healthcare IT See notice at end of report v.200612 valuation details revenue multiples earnings multiples EBITDA multiples 16 2016-08-31 2016-09-30 2016-10-31 2016-11-30 2016-12-30 2017-01-31 2017-02-28 2017-03-31 2017-04-28 2017-05-31 2017-06-30 3.0 5.0 7.0 9.0 11.0 13.0 15.0 Historical Valuation Multiples - Medidata Solutions, Inc. TEV/Revenue Average 20 30 40 50 60 70 80 90 100 110 120 Historical Valuation Multiples - Medidata Solutions, Inc. TEV/EBITDA Average 20 70 120 170 220 270 Historical Valuation Multiples - Medidata Solutions, Inc. P/E Average 3.0 4.0 5.0 6.0 7.0 8.0 9.0 10.0 11.0 12.0 13.0 Historical Valuation Multiples - athenahealth, Inc. TEV/Revenue Average 30 50 70 90 110 130 150 Historical Valuation Multiples - athenahealth, Inc. TEV/EBITDA Average 120 140 160 180 200 220 240 260 280 300 Historical Valuation Multiples - athenahealth, Inc. P/E Average 7.0 12.0 17.0 22.0 27.0 32.0 Historical Valuation Multiples - Veeva Systems Inc. TEV/Revenue Average 30 50 70 90 110 130 150 Historical Valuation Multiples - Veeva Systems Inc. TEV/EBITDA Average 60 80 100 120 140 160 180 200 220 240 260 Historical Valuation Multiples - Veeva Systems Inc. P/E Average For the most recent reporting periods as of 07-Jul-17 sectorwatch : healthcare IT See notice at end of report v.200612 valuation details revenue multiples earnings multiples EBITDA multiples 17 3.0 3.5 4.0 4.5 5.0 5.5 6.0 6.5 7.0 7.5 Historical Valuation Multiples - Cerner Corporation TEV/Revenue Average 10 12 14 16 18 20 22 24 26 28 30 Historical Valuation Multiples - Cerner Corporation TEV/EBITDA Average 20 25 30 35 40 45 50 55 60 Historical Valuation Multiples - Cerner Corporation P/E Average 0.2 0.2 0.3 0.3 0.4 0.4 Historical Valuation Multiples - McKesson Corporation TEV/Revenue Average 7 9 11 13 15 17 19 Historical Valuation Multiples - McKesson Corporation TEV/EBITDA Average 7 12 17 22 27 32 37 Historical Valuation Multiples - McKesson Corporation P/E Average For the most recent reporting periods as of 07-Jul-17 sectorwatch : healthcare IT See notice at end of report v.200612 public basket company descriptions 18 Quality Systems, Inc. Evolent Health, Inc. Evolent Health, Inc., through its subsidiary, Evolent Health LLC, provides healthcare delivery and payment solutions in the United States. It operates as a managed services firm that supports integrated health systems in migration toward value-based care and population health management. The company’s services include providing customers with a population management platform, integrated data and analytics capabilities, pharmacy benefit management services, and comprehensive health plan administration services. Evolent Health, Inc. was founded in 2011 and is headquartered in Arlington, Virginia. Allscripts Healthcare Solutions, Inc. Allscripts Healthcare Solutions, Inc. provides information technology and services to healthcare organizations in the United States, Canada, and internationally. It offers electronic health records, connectivity, private cloud hosting, outsourcing, analytics, patient engagement, clinical decision support, and population health management solutions. The company’s Clinical and Financial Solutions segment provides integrated clinical software applications and financial and information solutions, which primarily include EHR-related, and financial and practice management software solutions, as well as related installation, support and maintenance, outsourcing, private cloud hosting, revenue cycle management, training, and electronic claims administration services. Its Population Health segment offers health management and coordinated care solutions that enable hospitals, health systems, accountable care organizations, and other care facilities to connect, transition, analyze, and coordinate care across the entire care community. The company serves physicians, hospitals, governments, health systems, health plans, life- sciences companies, retail clinics, retail pharmacies, pharmacy benefit managers, insurance companies, and employer wellness clinics, as well as post-acute organizations, such as home health and hospice agencies. Allscripts Healthcare Solutions, Inc. was founded in 1986 and is headquartered in Chicago, Illinois. Quality Systems, Inc., together with its subsidiaries, develops and markets software and services that automate various aspects of practice management (PM) and electronic health records for medical and dental practices in the United States. The company’s NextGen division provides integrated clinical, financial, and connectivity solutions for ambulatory and dental provider organizations. Its principal products include the NextGen Ambulatory product suite; interoperability solutions; and MediTouch, a cloud-based software suite comprising clearinghouse, PM, electronic health records, and patient portals, which enable mobility, workflow automation, and reporting and analytics. Its RCM Services Division offers technology-based solutions that are designed to optimize clients' revenue cycle costs and process efficiency, as well as to enhance clients’ cash flow. This division provides revenue cycle management optimization services; and billing and collections, claims submissions and reconciliation, electronic remittance and payment posting, accounts receivable management, patient client service, advance analytics, charge entry and capture, enrollment credentialing, and software setup, hosting, and support services. The company’s QSI Dental division focuses on developing, marketing, and supporting software suites for dental group organizations. This division also offers QSIDental Web, a cloud-based and software as a service and PM clinical software solution; and sells licenses to its products. The company also provides software implementation, training, support, and maintenance services; and electronic data interchange services. It serves single and small practice physicians, physician hospital organizations, management service organizations, accountable care organizations, ambulatory care centers, community health centers, and medical and dental schools through a sales force and a reseller channel. The company was founded in 1974 and is headquartered in Irvine, California. For the most recent reporting periods as of 07-Jul-17 sectorwatch : healthcare IT See notice at end of report v.200612 public basket company descriptions 19 Medidata Solutions, Inc. Medidata Solutions, Inc. provides cloud-based solutions for life sciences worldwide. It offers Medidata Clinical Cloud that provides a software-as-a-service platform of technology and data analytics solutions to optimize activities across clinical development. The company’s platform solutions includes Plan Study that addresses the areas to ensure optimal study design, grant development and negotiation, and investigator payments; and Support Sites, which provides robust risk management, reduced source document verification, real-time monitoring, on-time, accurate payments. Its platform solutions also comprise Engage Patients that captures the voice of the patient in clinical studies; Medidata Patient Cloud, which enables sponsors to collect a dataset directly from the patient; Conduct Study that includes solutions for data capture and study management in the clinical trial research process; Medidata RaveX, an electronic data capture and management system solution; Study Management that enable clinical teams to manage, monitor, control, integrate, and report operational and clinical data from patients and sites; and Optimize Outcomes, which is designed to surface a range of embedded operational data across the clinical process. Additionally, it offers professional services. The company markets and sells its cloud-based solutions through a direct sales force, as well as through relationships with contract research organizations (CROs) and other strategic partners. It serves pharmaceutical, biotechnology, medical device, and diagnostics companies; academic research centers, government, and other non-profit organizations; and CROs and other entities engaged in clinical trials. Medidata Solutions, Inc. was founded in 1999 and is headquartered in New York, New York. athenahealth, Inc. athenahealth, Inc., together with its subsidiaries, provides network-based medical record, revenue cycle, patient engagement, care coordination, and population health services for medical groups and health systems. It offers athenaCollector, a network-enabled billing and practice management solution; athenaClinicals, an electronic health record for electronic health record management to help manage patient’s clinical documentation; athenaCommunicator, an engagement and communication solution that provides an automated communication service between patients and provider practices for interactions outside the exam room; and athenaCoordinator for order transmission and care coordination services. The company also provides athenahealth Population Health, a cloud-based population health service; and Epocrates service that include clinical information and decision support services in the areas of drug and disease information, medical calculator and tools, clinical guidelines, clinical messaging, and market research. In addition, it offers athenahealth Health Plan data exchange facilitates to exchange the data between providers and health plans for the healthcare operations of clients; athenaOne Analytics that includes an analytics and dashboard application, as well as provides visibility into the financial and operational health of an organization; and pre-certification processing and referral processing services. The company serves clients in the health care industry through its direct sales force and channel partners in the United States and internationally. athenahealth, Inc. was formerly known as athenahealth.com, Inc. and changed its name to athenahealth, Inc. in November 2000. The company was founded in 1997 and is headquartered in Watertown, Massachusetts. Veeva Systems Inc. Veeva Systems Inc. provides cloud-based software for the life sciences industry in North America, Europe, the Asia Pacific, and internationally. The company offers Veeva Commercial Cloud, a suite of multichannel customer relationship management applications, which allow pharmaceutical and biotechnology companies to target and support sales and marketing to physicians, other healthcare professionals, and healthcare organizations through various touch points, including in-person, email, and online; and Veeva Vault, a cloud-based enterprise content management platform and suite of applications for managing commercial functions, including medical, sales, and marketing, as well as research and development functions, such as clinical, regulatory, and quality. It also provides Veeva Network master data management solutions for the management of customer master and product master data. In addition, the company offers data solutions and services comprising Veeva OpenData, Veeva OpenData data services, Veeva OpenData email, and Veeva key opinion leader data and services, as well as territory allocation and alignment applications. Further, it provides professional and support services in the areas of implementation and deployment planning and project management; requirements analysis, solution design, and configuration; systems environment management and deployment services; services focused on advancing or transforming business and operating processes related to Veeva solutions; technical consulting services related to data migration and systems integrations; training on its solutions; and ongoing managed services that include outsourced systems administration. The company was formerly known as Verticals onDemand, Inc. and changed its name to Veeva Systems Inc. in April 2009. Veeva Systems Inc. was founded in 2007 and is headquartered in Pleasanton, California. For the most recent reporting periods as of 07-Jul-17 sectorwatch : healthcare IT See notice at end of report v.200612 public basket company descriptions 20 Cerner Corporation designs, develops, markets, installs, hosts, and supports health care information technology, health care devices, hardware, and content solutions for health care organizations and consumers in the United States and internationally. The company offers Cerner Millennium architecture, which includes clinical, financial, and management information systems that allow providers to access an individual’s electronic health record at the point of care, and organizes and delivers information for physicians, nurses, laboratory technicians, pharmacists, front- and back-office professionals, and consumers. It also provides HealtheIntent platform, a cloud-based platform that enables organizations to aggregate, transform, and reconcile data across the continuum of care, as well as assists to enhance outcomes and lower costs. In addition, the company offers a portfolio of clinical and financial health care information technology solutions, as well as departmental, connectivity, population health, and care coordination solutions; and various complementary services, including support, hosting, managed, implementation, and strategic consulting services. Further, it provides various services, such as implementation and training, remote hosting, operational management, revenue cycle, support and maintenance, health care data analysis, clinical process optimization, transaction processing, employer health centers, employee wellness programs, and third party administrator services for employer- based health plans; and complementary hardware and devices for third parties. It serves integrated delivery networks, physician groups and networks, managed care organizations, hospitals, medical centers, reference laboratories, home health agencies, blood banks, imaging centers, pharmacies, pharmaceutical manufacturers, employers, governments, and public health organizations. Cerner Corporation was founded in 1979 and is headquartered in North Kansas City, Missouri. Cerner Corporation McKesson Corporation McKesson Corporation provides pharmaceuticals and medical supplies in the United States and internationally. The company operates in two segments, McKesson Distribution Solutions and McKesson Technology Solutions. The McKesson Distribution Solutions segment distributes branded and generic pharmaceutical drugs, and other healthcare-related products; and provides practice management, technology, clinical support, and business solutions to community-based oncology and other specialty practices. This segment also provides specialty pharmaceutical solutions for pharmaceutical manufacturers; and medical-surgical supply distribution, logistics, and other services to healthcare providers. In addition, this segment operates retail pharmacy chains in Europe and Canada, as well as supports independent pharmacy networks in North America and Europe; and supplies integrated pharmacy management systems, automated dispensing systems, and related services to retail, outpatient, central fill, specialty, and mail order pharmacies. This segment serves retail national accounts, including national and regional chains, food/drug combinations, mail order pharmacies, and mass merchandisers; and institutional healthcare providers, such as hospitals, health systems, integrated delivery networks, and long-term care providers, as well as offers its services to pharmaceutical manufacturers. The McKesson Technology Solutions segment provides clinical, financial, and supply chain management solutions to healthcare organizations. McKesson Corporation was founded in 1833 and is headquartered in San Francisco, California. For the most recent reporting periods as of 07-Jul-17 sectorwatch : healthcare IT

7 Mile Advisors enables clients to increase and unlock enterprise value. We provide full-lifecycle investment banking and corporate advisory services to middle-market private and public clients by addressing the transactional and strategic opportunities faced by companies, boards, and financial sponsors. Our industry experience, network and credentials allow us to assemble a unique set of capabilities to serve our clients. We are results oriented. Our team has executed over 100
assignments and our success is built upon the success of our clients. Our services are focused in distinct practice areas which can be integrated based on the requirements of each client. Securities offered through 7M Securities, LLC.

Financial news from around the internet.

Publishing documents on edocr is a proven way to start demand generation for your products and services. Thousands of professionals and businesses publish marketing (brochures, data sheets, press releases, white papers and case studies), sales (slides, price lists and pro-forma agreements), operations (specifications, operating manuals, installation guides), customer service (user manuals) and financial (annual reports and financial statements) documents making it easier for prospects and customers to find content, helping them to make informed decisions. #SEO #leadgen #content #analytics

About edocr

I am an accomplished content marketing professional helping you to build your brand and business. In my current role, I fulfill a multi-faceted solution marketplace including: publishing and sharing your content, embedding a document viewer on your website, improving your content’s search engine optimization, generating leads with gated content and earning money by selling your documents. I gobble up documents, storing them for safekeeping and releasing the text for excellent search engine optimization, lead generation and earned income. 

Publishing documents on edocr.com is a proven way to start demand generation for your products and services. Thousands of professionals and businesses publish marketing, sales, operations, customer service and financial documents making it easier for prospects and customers to find content, helping them to make informed decisions.

Get publishing now!

×

Modal Header

Modal body