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New Deal


Announced

Completed

Lightyear Capital-backed PracticeTek completed the acquisition of Integrated Practice Solutions.

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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Completed

United States

medical billing

Health Care Services

Acquisition

Domestic

Private

Majority

Friendly

Single Bidder

Private Equity

Synopsis

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Lightyear Capital-backed PracticeTek, a provider of software and payments solutions to the retail healthcare market, completed the acquisition of Integrated Practice Solutions, a practice management and electronic health record software platform. Financial terms were not disclosed. “We are excited about the growth of PracticeTek since our majority investment in November 2021 and the new areas of opportunity that this transformative merger with IPS brings to customers across the healthcare provider value chain. We look forward to working with George and the entire management team, along with our partners GSV and Waud Capital," Mark F. Vassallo, Lightyear Managing Partner.

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