Canadian healthcare information technology company Logibec Group Inc, which was recently acquired by U.S. private equity firm GI Partners, has purchased MediaMed Technologies Inc. The financial terms of the deal were not published. Based in Mont-Saint-Hilaire, Québec, MediaMed is a provider of business intelligence, performance analysis and emergency room software solutions for the healthcare industry. The Montréal-based Logibec said the acquisition is complementary to its financial and business intelligence solutions. MediaMed is Logibec’s first add-on transaction since GI Partners bought the company from OMERS Private Equity in January.
Logibec Acquires MediaMed Technologies, a Leading Provider of Activity-Based Costing Solutions
MONTREAL, QUEBEC–(Marketwired – March 9, 2015) – Logibec Group Inc. (Logibec) announced today it has acquired MediaMed Technologies (MediaMed), a leading provider of business intelligence, performance analysis and emergency room software solutions for the healthcare industry. All the employees of MediaMed will be joining Logibec effective immediately.
Headquartered in Mont-Saint-Hilaire, Quebec, MediaMed offers proven software solutions that increase the productivity and profitability of healthcare organizations. The company has established a prominent position in the field of activity-based costing solutions that enable healthcare executives and managers to make optimal evidence-based decisions at all levels of a healthcare organization.
Marc P. Brunet, Logibec’s President and CEO stated, “This acquisition is highly complementary to Logibec’s financial and business intelligence solutions. Our Espresso solution is already the leading administrative solution for a large majority of healthcare organizations, and by closely integrating Espresso with MediaMed’s solution, we will enable our customers to readily implement the upcoming activity-based costing model that is planned by several provincial health authorities across Canada.”
Daniel Handfield, Chief Executive Officer of MediaMed commented, “We strongly believe that this acquisition will allow healthcare organizations across Canada to benefit fully from MediaMed’s leading business intelligence solutions and consulting services. Our approach has repeatedly led to optimized decision-making and enhanced operational and clinical outcomes, which is the root of our clients’ and our success.”
Logibec offers clients unparalleled solutions and industry expertise to optimize processes in all domains of the healthcare industry. Its solutions include a next generation patient management software solution for acute, long-term and ambulatory care and administrative software tailored to large acute care facilities for Human Resources, Payroll, Financial and Materials Management. The company also provides the industry’s most advanced Business Intelligence solution to support data-driven performance management and optimized decision support. Together, Logibec and MediaMed will offer innovative technologies to support operational performance and help enhance financial management.
MediaMed is the first add-on acquisition by Logibec since GI Partners’ investment in the company in January 2015. GI has consistently applied a variety of operating initiatives to build value across its portfolio companies, including market expansion through synergistic add-on acquisitions. MediaMed is the first step in GI’s effort to build out Logibec’s market and product expansion.
About Logibec Group Inc.
Logibec offers clients unparalleled solutions and industry expertise to optimize processes in all domains of the healthcare industry. Logibec has been recognized and ranked in the Branham 300 industry survey for 4 of the last 5 years as No. 1 on the list of pure-play healthcare ICT companies in Canada. With 30 years dedicated to the ever-evolving North American healthcare market, Logibec’s software and information systems are aligned with current and future needs of the health and social services sector. For further information, please visit: www.logibec.com.
About MediaMed Technologies
Founded in 2001, the company offers managers and professionals working in healthcare institutions innovative technological solutions and proven consulting services aimed at increasing the productivity and profitability of healthcare institutions. The company also specializes in clinical and financial performance analysis in the healthcare sector. MediaMed partners with more than 60 healthcare institutions and has built a reputation for excellence and innovation, making it the supplier of choice. www.mediamedtech.com
About GI Partners
Founded in 2001, GI Partners is a leading middle market private equity investment firm based in San Francisco. The firm currently manages over $11 billion in capital commitments through private equity and real estate strategies for recognized institutional investors, including some of the largest state and sovereign pension funds in North America, Europe, Australia, Asia, and the Middle East. GI Partners is active in a number of key sectors, including TMT, Healthcare, Retail & Leisure, and Financial & Real Estate Services. For more information on GI Partners and its entire portfolio, please visit www.gipartners.com.
Marc P. Brunet
President and CEO
Logibec Group Inc.
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