Chicago PE firm Thurston Group buys healthcare IT provider Pixel Health
What's the deal? Thurston GroupDealroom has a profile for this one. Try Dealroom → has acquired Pixel HealthDealroom has a profile for this one. Try Dealroom →, a Holyoke, Massachusetts-based firm that provides IT consulting and managed IT services to hospitals and large physician groups. Terms were not disclosed.
Who's involved? Pixel Health, founded in 2001, serves healthcare providers with technology support. Thurston Group, a Chicago private equity firm founded in 1986, focuses on healthcare investments.
What's the endgame? Thurston typically targets companies with $1 million to $10 million in EBITDA. Pixel Health fits that profile, giving the firm a foothold in the managed IT services providers rely on to run hospitals and physician groups.
The signal: The deal reflects steady private equity appetite for healthcare IT, where firms are backing the back-office technology that keeps providers running rather than the clinical care itself.
Read more: jdsupra.com
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