HealthContentAdvisors

LLR Partners Helps Finance SDI-Verispan Deal

• Posted August 7th 2008
• by Marji

Recently we reported on healthcare analytics company Surveillance Data’s (SDI) recent acquisition of Verispan, a healthcare information and services company. The deal creates a company that will offer a database that serves the pharmaceutical, biotechnology, medical device, medical/surgical, hospital, pharmacy, financial, payer, consumer packaged goods and government healthcare market segments.

We mentioned how the database effective combines the market strengths of both SDI and Verispan. It utilizes SDI’s custom patient-level data analytics along with Verispan’s syndicated patient-level data and audit-based analytic solutions; healthcare lists and profiles; and marketing services.

Customers will undoubtedly benefit from the analytics giant that this acquisition creates, and now SDI and Verispan are positioned for very healthy, future growth. Another piece that should help yield that growth is the financial support SDI just received from LLR Partners to help finance the acquisition. This marks the first investment made by LLR Equity Partners III, the firm’s recently launched $800 million fund. LLR is certainly no stranger to this market, providing capital to companies in industries such as healthcare, financial and business services, information technology, and education. As a result of LLR’s involvement should make for a very smooth integration in the short term and solid growth in the long term.