William Blair & Company acted as exclusive financial advisor to Mediware Information Systems, Inc. (NASDAQ: MEDW) ("Mediware" or the "Company") in connection with its sale to Thoma Bravo, LLC ("Thoma Bravo") in a transaction valued at approximately $195 million. Mediware shareholders received $22.00 in cash for each share, which represented a 40% premium over the Company's most recent closing price prior to the transaction announcement. The transaction closed on November 9, 2012.
Mediware delivers interoperable, best-of-breed software systems that improve efficiencies and address safety concerns, enabling healthcare organizations to improve care processes while decreasing costs. Core Mediware solutions include blood management technologies for hospitals and blood centers; cell therapy solutions for cord blood banks, cancer treatment centers and research facilities; medication management solutions for hospitals, behavioral health facilities, infusion and specialty pharmacy providers; and business intelligence-based performance management solutions for clinical, regulatory and financial aspects of the broader healthcare market. The Company is based in Lenexa, Kansas.
Thoma Bravo is a leading private equity investment firm building on a 30+ year history of providing equity and strategic support to experienced management teams and growing companies. The firm currently manages a series of private equity funds representing almost $4 billion of equity commitments. Thoma Bravo has offices in San Francisco and Chicago.
William Blair was engaged by Mediware to evaluate various strategic and financial alternatives, including a sale of the Company. In connection with the engagement, William Blair advised Mediware regarding the strategic merits of a transaction, marketed the Company to a targeted group of potential acquirers, coordinated the due diligence process, led the negotiations of the key transaction terms, and provided a fairness opinion.
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