LLR Sponsors Healthcare Analytics Merger

LLR Partners has committed an undisclosed amount of private equity funding to healthcare analytics company Surveillance Data LLC, in support of that company's acquisition of Verispan LLC.




LLR Partners (“LLR”), one of the Mid-Atlantic region's largest private equity investment firms with over $1.4 billion under management, announced today that it has provided equity capital to healthcare analytics company Surveillance Data LLC (SDI) of Plymouth Meeting, Pa., for its acquisition of healthcare information and services company Verispan, LLC, of Yardley, Pa. The acquisition creates one of the industry's most innovative and comprehensive healthcare analytics companies.


“LLR was the right partner for SDI in our pursuit of Verispan,” says Andrew Kress, CEO of SDI. “LLR's expertise and experience in working with growth businesses in the healthcare services industry will be invaluable as we integrate the Verispan acquisition and grow the combined company.”


SDI is the leader in data integration, custom analyses, and reporting of patient-level data with de-identified, longitudinal data from over 50 sources. The company provides a wide range of near real-time healthcare informatics and market research to its clients in the pharmaceutical, consumer packaged goods, medical device, biotechnology, and healthcare-related industries. Verispan is a strategic addition to SDI's healthcare data and analytics business. Its acquisition will expand both companies' current customer base and market penetration.


“The combination of SDI and Verispan will clearly separate the combined company from other players in the market in terms of the breadth of offerings and clients served,” says David Reuter, Partner at LLR. “The SDI management team has an unparalleled reputation in the industry for its dedication to solving customer needs and for the quality and depth of its data.”


This is the first investment made by LLR Equity Partners III, the firm's recently launched $800 million fund. LLR was represented by Pepper Hamilton in the transaction, and SDI was represented by Houlihan Lokey as financial advisor and Blank Rome as legal advisor.


About LLR Partners


LLR Partners, a leading private equity firm based in Philadelphia, Pa., provides capital to middle market growth companies with proven business models in a broad range of industries, including healthcare, financial and business services, information technology, and education. With over $1.4 billion under management, LLR is flexible in its approach, taking minority or control positions, and leading transactions ranging from expansion and growth capital to shareholder recapitalizations and buyouts. For more information about LLR, please visit www.llrpartners.com.