19.09.2013 15:10:00
|
B. Riley Exclusive Financial Advisor to Mirth Corporation in Connection with its Corporate Sale to Quality Systems, Inc.
LOS ANGELES, Sept. 19, 2013 /PRNewswire/ -- B. Riley & Co., LLC, ("B. Riley") www.brileyco.com, a leading independent investment bank, has served as exclusive financial advisor to Mirth Corporation in its acquisition by Quality Systems, Inc. (NASDAQ: QSII). Transaction consideration consisted of both cash and QSII securities.
(Logo: http://photos.prnewswire.com/prnh/20130510/LA11405LOGO)
B. Riley devised the acquisition thesis, initiated, structured and assisted in the negotiations on behalf of privately-held Mirth, a healthcare IT company, and its shareholders. The B. Riley transaction team was led by Senior Managing Director Greg Presson and Managing Director Adam Little, both based in the firm's Orange County office.
"The culmination of this corporate sale was a direct result of working collaboratively with B. Riley for the last several years. They were instrumental in helping us define and chart a path to liquidity, which also included identifying numerous strategic buyers that were ultimately attracted to the Company's proprietary healthcare IT technology platform and suite of products and services," said Jon Teichrow, President and Co-Founder of Mirth.
"Mirth's selection of B. Riley to represent us was based on the firm's keen perspectives and activity level within the dynamic healthcare IT industry. The firm is also recognized for its ability to leverage its client's technology offerings and customer value propositions to position them for maximum valuation through the M&A process. Their skillful management of the entire corporate sale process was exceptional," said Sam Sippl, Chief Financial Officer for Mirth.
"B. Riley's active M&A involvement in the healthcare and medical device sectors allows us to continually gain valuable insight into which strategic corporate buyers and private equity groups are actively pursuing acquisitions of growth oriented companies similar to our client," said Mr. Presson.
"The completion of this transaction continues to underscore our commitment to the healthcare and health IT sectors for those companies seeking proven and experienced corporate sale representations and timely capital market access," added Mr. Little.
Founded by Jon Teichrow, Gary Teichrow and Andy Thorson, Mirth is headquartered in Costa Mesa, California. It is an emerging global leader in health information technology that helps clients achieve interoperability across silo-structured data systems. Mirth's solutions are used daily by thousands of health professionals and institutions worldwide to streamline care management processes and to securely exchange health information across enterprises, communities and broad geographies. For more information, visit www.mirthcorp.com.
Irvine, California based Quality Systems, Inc. and its NextGen Healthcare subsidiary develop and market computer-based practice management, electronic health records and revenue cycle management applications as well as connectivity products and services for medical and dental group practices and small hospitals. Visit www.qsii.com and www.nextgen.com for additional information.
About B. Riley & Co, LLC.
B. Riley & Co. is a leading independent investment bank which provides a full array of corporate finance, research, sales, trading and otcqx dad services to corporate, institutional and high net worth individual clients. Investment banking services include merger and acquisitions advisory to public and private middle market companies, initial and secondary public offerings and institutional private placements. Its Corporate Governance Advisory Services Group is engaged by both companies and investors to help maximize value for shareholders. The firm is recognized for its distinguished Equity Research. Founded in 1997, B. Riley is headquartered in Los Angeles and maintains offices in Newport Beach, San Francisco, Boston and New York. It is a member of FINRA and SIPC. For more information, please visit www.brileyco.com
SOURCE B. Riley & Co., LLC
Wenn Sie mehr über das Thema Aktien erfahren wollen, finden Sie in unserem Ratgeber viele interessante Artikel dazu!
Jetzt informieren!
Nachrichten zu Quality Systems Inc.mehr Nachrichten
Keine Nachrichten verfügbar. |