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Roper To Acquire Sunquest for $1.4 Billion

July 30, 2012 News 3 Comments

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Roper Industries announced this morning that it will acquire laboratory and diagnostic information systems vendor Sunquest Information Systems. The all-cash transaction is valued at $1.415 billion.

Roper Chairman, President, and CEO Brian Jellison was quoted in the announcement as saying, “Sunquest meets all of Roper’s key acquisition criteria and is an ideal fit with both our Medical and Software platforms. The business is the market leader in software solutions for the critically important healthcare provider laboratory market. We expect Sunquest to benefit in all economic environments from very favorable market forces – an aging population, expansion of anatomic pathology, and the need for reduced healthcare costs and improved quality of care. Sunquest’s software and application engineering capabilities deliver an outstanding return on investment for their customers. The company has attractive cash return characteristics and generates significant recurring revenue through long-term customer relationships and very high retention rates.”

Jellison also stated that the company will continue to operate under the Sunquest name with full continuity of personnel. Closing is expected within 30 days.

Sarasota, FL-based Roper Industries is an industrial manufacturer whose medical units include measurement systems, medical devices, and imaging solutions. Sunquest is owned by an investor group that includes Huntsman Gay Global Capital and Vista Equity Partners.

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Currently there are "3 comments" on this Article:

  1. Anybody know what Vista picked Sunquest up for originally and what year? Would be interesting to compare that against Vitera…

  2. 3/2007 – Vista Equity Partners, a technology-focused buyout shop with offices in San Francisco, Chicago, and Austin, Texas, helped create Sunquest in 2007 after buying the diagnostic systems business from Misys Healthcare Systems for a reported $381 million. The company is still listed as a portfolio company on the Vista Equity Partners Web site, suggesting it is one of the existing shareholders benefiting from the dividend.

    12/1/2010 – Sunquest was re-capitalized by Huntsman Gay Global Capital LLC, an upstart buyout shop working through a $1.1 billion debut fund, is leading an investor group expected to pay $208 million for a 51 percent stake in Sunquest Information Systems Inc.
    http://www.pehub.com/tag/vista-equity-partners/

    7/30/2012 – $ 1.4 Billion

    Get ready Vitera… its all part of their “playbook”

  3. I am stunned that Vista Equity Partners “helped create Sunquest in 2007”. I wonder what lab system it was then that we installed way back in the 1980’s?







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