The investment bank said the transaction, for which it advised IDL, demonstrated strong buyer appetite for companies that are focused on emerging market segments such as healthcare IT and big data.
“Strategic buyers continue to target M&A opportunities that address strategic gaps or augment an existing presence with substantive depth in those priority areas,” the bank said. “Given macroeconomic and federal budget uncertainty, buyers seek targets with sustainable growth potential evidenced by actionable new business opportunities.”
Buyers also want to acquire high-value, long-term contracts and contracting vehicles, the bank said.
IDL holds a position on a Department of Health and Human Services enterprise system development vehicle, through which it provides data collection, storage, analysis,and dissemination support to the Centers for Medicare and Medicaid Services and other agencies.