Canadian healthcare technology and business services provider Accreon Inc has announced that it is in the final stages of a leveraged management buyout (MBO). The MBO will facilitate the company’s succession to three senior Accreon executives: Eric Demers, Martin Ferguson and Michael Lavigne. The deal, the value of which was not published, will be funded by the new management team, the founders, and U.S. healthcare private equity firm Mansa Capital. Accreon, which has its headquarters in Fredericton, New Brunswick, said the MBO will help enhance its position in the Atlantic region and across Canada, and help accelerate its growth in the United States.
Management succession and investment spells bright future and accelerated growth for Accreon Inc.
Fredericton, New Brunswick, 20 January 2015 – Accreon Inc. is in the final stages of realizing a successful leveraged management buyout that facilitates the succession of Accreon to the President of Accreon USA Eric Demers; CEO of Corporate Shared Services and founding partner Martin Ferguson; Vice President Business Development Michael Lavigne. This new management team, the original founders and private equity firm, Mansa Capital, financed the buyout.
“I have worked in tandem with Eric, Martin and Michael for many years now and recognize the tremendous contributions they have made in order for Accreon to be where it is today. I trust them to take Accreon through the next stage of its growth,” commented Neil Russon.
The transaction will enable Accreon to enhance its position as a market leader in Canada, accelerate growth in the United States, and expand its business in Atlantic Canada.
Eric Demers stated, “Accelerated growth in the US market will have significant positive impacts on our business in Atlantic Canada.” “We will continue to combine our technology expertise and strategy capabilities with a closely integrated flexible delivery approach to help clients across Canada and the United
States deliver results.”
“Today’s announcement is an important milestone in the growth of our company. This plan secures a bright future for the company with minimal internal change. It is business as usual for staff and clients,” said Demers.
Accreon’s team of highly specialized and experienced business and IT resources has created and delivered innovative solutions to private and public sector organizations across North America for over 30 years.Accreon enables clients to meet their IT infrastructure and development goals through Management
Consulting, Information Technology Services, Managed Application Services and Product Innovation.
About Accreon, Inc.
Accreon is a healthcare technology and business services firm focused on integrating and managing health information. We assist healthcare organizations to: achieve interoperability by integrating their IT eco-system; establish an analytical environment that empowers learning, agility, and performance resulting in improved outcomes, finances and satisfaction; and enhance IT innovation by providing knowledgeable healthcare expertise and tools to bring solutions to market faster. Accreon has delivered services and built solutions across North America for healthcare provider organizations, government entities, medical device companies and EMR vendors. Accreon has offices in Fredericton, NB, Charlottetown, PEI, Toronto, Ontario and Boston, MA. For more information, visit http://www.Accreon.com.
Director, Marketing and Communications
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