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New Deal


Announced

Hg-backed Managed Markets Insight & Technology and Welsh, Carson, Anderson & Stowe-backed Evaluate to acquire Panalgo.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private

Cross Border

Friendly

software development

Pending

Single Bidder

Software

Majority

Private Equity

United States

Acquisition

Synopsis

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Hg-backed Managed Markets Insight & Technology, a formulary tools and solutions provider, and Welsh, Carson, Anderson & Stowe-backed Evaluate, a provider of commercial intelligence and predictive analytics, agreed to acquire Panalgo, a premier healthcare data analytics company. Financial terms were not disclosed. "MMIT/Evaluate and Panalgo share a vision of generating evidence and insights faster, all to help patients get timely access to lifesaving therapies. The addition of Panalgo fits perfectly into our strategy of building a best-in-breed technology and services-driven healthcare business servicing pharma, biotech and beyond," Mike Gallup, MMIT CEO.

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