Providence Service Corp to acquire PE-backed Matrix Medical for $400 mln

Providence Service Corp has agreed to buy Matrix Medical Network, a portfolio company of Welsh, Carson, Anderson & Stowe, for $400 million. Ropes & Gray advised Welsh, Carson, Anderson & Stowe and Matrix Medical Network on the transaction. Based in Scottsdale, Arizona, Matrix is a provider of in-home health assessments and care management solutions.

Frazier Healthcare’s PCI buys Biotec

PCI, a portfolio company of Frazier Healthcare, said Friday that it has acquired Biotec. No financial terms were disclosed. Teneo Capital provided financial advice to PCI and Frazier Healthcare for this transaction. Based in the UK, Biotec is a provider of clinical trial services and temperature controlled pharmaceutical solutions.

Red Hat to acquire VC-backed FeedHenry

Red Hat has agreed to buy FeedHenry, an enterprise mobile application platform provider, for about 63.5 million euros in cash. FeedHenry’s backers include Intel Capital, ACT Venture Capital, Kernel Capital, VMware and Enterprise Ireland.


PE-backed Sedgwick to acquire T&H

Sedgwick Claims Management Services, a portfolio company of KKR and Stone Point Capital, has agreed to buy T&H. No financial terms were disclosed. The deal is expected to close in the next 60 days. Headquartered in Naperville, Illinois, T&H is a specialized claims services provider.


Attica Ventures exits Antcor

Attica Ventures has sold its stake in Antcor SA to u-blox AG. The value of the transaction may go up to 8.5 million euros. Based in Greece, Antcor is a Wi-Fi tech firm.


Slyce buys VC-backed Pounce app

Toronto-based visual search tech firm Slyce said Tuesday that it has acquired BuyCode for a total consideration of $5 million. Based in Tel Aviv, BuyCode is the developer of the Pounce mobile commerce app, which was backed by Entrée Capital, Gigi Levy and Plus Ventures.


PE-backed RestorixHealth buys Paradigm

RestorixHealth, a portfolio company of Sverica International Management, has acquired Paradigm Medical Management. No financial terms were disclosed. A wound management firm, Paradigm also runs outpatient wound care centers and the Amputation Prevention Centers of America network.


Axcient acquires DirectRestore

Axcient, a cloud-based Recovery-as-a-service business, has acquired the business and technology of DirectRestore, a granular recovery technology provider. Terms of the agreement are undisclosed.


Brown Jordan buys Tropitone Furniture

Brown Jordan International, which is backed by Crescent Capital Group, said Monday it has acquired Tropitone Furniture. Financial terms weren’t announced. Pfingsten Partners, in 2007, led a buyout of Tropitone, a seller of outdoor casual furniture. The deal was financed by cash on hand as well as debt financing from AIG Investments and Bank of America Merrill Lynch. Moelis & Company was the financial advisor and debt placement agent to Brown Jordan. Intrepid Investment Bankers advised Tropitone.


Riverside’s buys JobTarget, which is backed by Riverside, has acquired JobTarget. No financial terms were disclosed. Deloitte, Jones Day and West Monroe Partners advised Riverside on the deal. JobTarget is a provider of job boards software and solutions for professional and trade associations.


GTCR-owned Vocus and Cision buy Visible Technologies

Newly merged PR software providers Vocus and Cision have acquired Visible Technologies. No financial terms were disclosed. Based in Bellevue, Wash., Visible Technologies is a maker of social media monitoring and analytics software. Vocus and Cision are owned by GTCR.


Google buys anti-tremor spoon maker Lift Labs

Google announced today that it has acquired Lift Labs, a venture-backed startup that makes a spoon and other devices to help people with tremors, such as those living with Parkinson’s. The acquisition price is undisclosed. The San Francisco-based company launched a year ago, disclosing it raised $1 million in seed funding from Rock Health and undisclosed angel investors in Silicon Valley. Lift Labs had previously raised $800,000 from the National Institutes of Health.


Morgenthaler Private Equity sells Enginetics

Standex International Corp. has acquired Enginetics Corp. from Morgenthaler Private Equity. Financial terms weren’t announced. Huber Heights, Ohio-based Enginetics produces 3-D formed components for the commercial aviation market. BlackArch Partners advised Morgenthaler/Enginetics.

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