MERGERS & ACQUISITIONS

SigmaCare Has Been Acquired By MatrixCare

June 2017

Company Description

eHealth Solutions, Inc., operating under the name SigmaCare, provides a clinically-rich, end-to-end SaaS-solution for long-term and post-acute care providers. Through its integrated SaaS-solution suite, the Company provides an electronic health record (EHR) technology platform that enables providers to deliver clinical, revenue cycle management (RCM) and referral management capabilities within, and between, care settings to optimize coordination and ultimately improve patient outcomes.

Objectives

TripleTree was engaged by SigmaCare as the Company’s exclusive financial advisor based on its deep industry expertise and long standing history of successful transactions within the HCIT and long-term care markets. TripleTree worked with the Company to help identify and assess potential partners that would help SigmaCare accelerate growth across existing and adjacent markets. TripleTree successfully conveyed SigmaCare’s strong ability to broaden the capabilities of a larger organization with its unique, clinically-rich SaaS-based solutions.

Results

MatrixCare emerged as an ideal partner to help accelerate the future growth potential of SigmaCare’s offerings, presenting a distinctive opportunity to leverage SigmaCare’s market dominance in the Greater New York area to further enhance MatrixCare’s market presence servicing the long-term and post-acute care market. In addition, SigmaCare’s deep understanding of issues affecting local operators, such as DSRIP and multiple regional HIEs, will further strengthen MatrixCare’s spectrum-wide solutions for managing the health and wellness of US seniors and will help the Company better support New York area providers as MatrixCare and the Company navigate the transition to a fee-for-value healthcare system together.

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