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Francisco Partners to exit Aesynt

Francisco Partners said Thursday it has agreed to sell Aesynt Inc. to Omnicell Inc. for $275 million. Cranberry Township, Pennsylvania-based Aesynt provides a medication management portfolio that aims to reduce cost and improve patient safety. Francisco Partners acquired Aesynt in October 2013.


SAN FRANCISCO–(BUSINESS WIRE)–Francisco Partners, a leading technology-focused private equity firm, today announced it has signed a definitive agreement to sell Aesynt to Omnicell, Inc. (NASDAQ: OMCL) for $275 million. Francisco Partners acquired Aesynt in October 2013.


“It has been a true pleasure to partner with the Aesynt management team to transform the business,” said Chris Adams, partner at Francisco Partners and chairman of the Aesynt board of directors. “Through significant investment in new products – particularly new enterprise medication management software – the team significantly revitalized the organization and returned it to rapid growth.”

Aesynt enables health systems to reduce cost and improve patient safety through the integration, automation, and management of medication preparation and delivery system-wide with the industry’s most comprehensive medication management portfolio.

“Francisco Partners provided valuable strategic support, capital, and resources that allowed us to execute on a strategic vision that fueled new growth,” said Kraig McEwen, Aesynt CEO. “Today, healthcare organizations embrace Aesynt’s robust medication management tools, which will complement Omnicell’s product portfolio and international footprint.”

“Aesynt brings distinct capacities in dispensing systems, central pharmacy robotics, IV robotics and analytics,” said Randall Lipps, CEO of Omnicell. “We expect that as a combined entity we can accelerate innovation in the marketplace by leveraging the combined strengths of the Aesynt and Omnicell teams. Choice, innovation and value make this a great acquisition for Omnicell and our customers.”

Omnicell’s financial advisor in this transaction was Greenhill & Co., LLC and Sidley Austin LLP, Cooley LLP and Jones Day served as legal counsel. Francisco Partners was advised by Robert W. Baird & Co. and Kirkland & Ellis LLP.

About Francisco Partners

Francisco Partners is a leading global private equity firm, which specializes in investments in technology and technology-enabled services businesses. Since its launch over 15 years ago, Francisco Partners has raised approximately $10 billion in capital and invested in more than 150 technology companies, making it one of the most active and longstanding investors in the technology industry. The firm invests in transaction values ranging from $50 million to over $2 billion, where the firm’s deep sectoral knowledge and operational expertise can help companies realize their full potential. Francisco Partners has invested in 15 healthcare technology companies to-date.