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Brightree has Agreed to be Acquired by ResMed

Tuesday, March 1, 2016


William Blair is acting as exclusive financial advisor to Brightree, LLC, a portfolio company of Battery Ventures, in connection with its sale to ResMed (NYSE: RMD). The transaction is expected to close in the second quarter of 2016. The transaction will represent William Blair’s 60th M&A transaction in healthcare technology over the past 10 years.

Transaction Highlights

  • Deep industry knowledge: Brightree and Battery Ventures were attracted to William Blair’s extensive knowledge in the healthcare technology industry, specifically in the post-acute-care sector and with SaaS business models.
  • Process expertise: William Blair was integrally involved in each step of the transaction, conducting an intense, multi-stage sale process and negotiating key deal terms. This enabled William Blair to generate a competitive dynamic among strategic and financial buyers that resulted in a successful outcome.
  • Long-time relationships: William Blair’s healthcare technology team built a strong and enduring relationship with the Brightree management team starting in 2009. In addition, this transaction represents William Blair’s third sell-side advisory assignment in healthcare technology for Battery Ventures in the last six years (each resulted in the sale to a strategic acquirer). 

About the Companies

Brightree is the leading provider of cloud-based software to improve clinical and business performance in the post-acute-care industry. The company serves more than 2,500 organizations in the home medical equipment (HME), home health, hospice, orthotic and prosthetic (O&P), HME pharmacy, home infusion, and rehab home care segments. Brightree’s solutions follow the natural workflow of providers to automate and improve how they manage their businesses, serve patients, and protect reimbursements. The company is ranked one of the top 100 healthcare IT companies in the United States on the prestigious Healthcare Informatics 100 (HCI 100) list. The company is based in Lawrenceville, Georgia.

ResMed is a global medical device company and innovator in sleep-disordered breathing and respiratory care. With more than 4,000 employees and a presence in more than 100 countries, the company has pioneered innovative devices for the diagnosis, treatment, and management of sleep-disordered breathing, chronic obstructive pulmonary disease (COPD), and other chronic conditions for more than 25 years.  ResMed's world-leading products and connected healthcare solutions improve the quality of life for millions of patients worldwide, reduce the impact of chronic disease, and save healthcare costs.

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