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Cressey & Company And Health Enterprise Partners Acquire Healthcare Technology Management Provider, The Intermed Group

Jan 05, 2023•over 2 years ago

Acquiring Company

Cressey & Company

Acquired Company

The InterMed Group

AlachuaHealth CareVenture CapitalHealth CareHealth CareInformation Technology

Description

Cressey & Company LP ("Cressey"), a private investment firm focused on building leading healthcare services and information technology businesses, and Health Enterprise Partners ("HEP"), a healthcare-focused investment firm, today announced that funds affiliated with Cressey and HEP have acquired The InterMed Group ("InterMed"), a premier provider of healthcare technology management services, from Granite Bridge Partners.

Company Information

Company

Cressey & Company

About

Based in Chicago, Illinois and Nashville, Tennessee, Cressey & Company LP is a private equity firm focused on investing in leading healthcare services and information technology businesses. With a history spanning 40 years, the Cressey & Company team is one of the most experienced and successful in the healthcare private equity field. For more information, visit www.cresseyco.com.

Company

Health Enterprise Partners

About

Health Enterprise Partners invests in privately held, lower middle market healthcare services and information technology companies. Central to HEP's strategy is its unique and extensive hospital system and health plan network, 41 members of which are investors in HEP's funds. HEP seeks to invest in companies that improve the quality of the patient experience, expand access, and reduce the cost of healthcare. https://hepfund.com/

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed