Deal Announcement 06/21: Healthcare/Pharma & MedTech

The Deal

The PwC M&A team is pleased to announce the successful sale of VISUS Health IT GmbH (“VISUS Health IT”) to CGM Clinical Deutschland GmbH (a subsidiary of CompuGroup Medical SE & Co. KGaA) (“CGM”). PwC M&A acted as exclusive financial advisor together with PwC Legal, PwC Transaction Services, and PwC Tax to the private shareholders of VISUS Health IT, Bochum, a leading developer of medical imaging software. The acquisition of VISUS Health IT is a strategic initiative to complement the software offering of CGM.

The share purchase agreement was signed and closed on 1 June 2021.

VISUS Health IT

VISUS Health IT is a developer of certified medical imaging software and provider of software-related services headquartered in Bochum Germany. The company has more than 190 employees and generated revenues of approx. EUR 18.5m in 2020. The company was founded in 2000. Its product portfolio comprises JiveX PACS, a picture archiving and communication system, JiveX HCM, a software to consolidate all medical information of an institution, as well as JiveX Connect a cloud software for the exchange of medical information. VISUS Health IT has more than 1,500 customers internationally with its primary business activities being in the DACH-region, customers include hospitals as well as radiology practices.

CGM

CompuGroup Medical SE & Co. KGaA develops and sells software and information technology solutions for the healthcare sector worldwide. It operates in four segments: Ambulatory Information Systems (AIS), Pharmacy Information Systems (PCS), Hospital Information Systems (HIS), and Consumer & Health Management Information Systems (CHS). The company generated revenues of EUR 869m in 2020 and employs approx. 8,000 employees in 18 countries. CompuGroup Medical SE & Co. KGaA was founded in 1987 and is headquartered in Koblenz, Germany.

PwC

The global PricewaterhouseCoopers network is a worldwide association of independent auditing and consulting companies which together employ more than 280,000 people in 157 countries. Our global network comprises over 1,600 M&A professionals all over the world, realising approx. 400 successful transactions per year. We specialise in a wide range of independent M&A services including advice on acquisitions and disposals, mergers, public takeovers, privatisations as well as structured financing.

PwC M&A Germany acted as exclusive financial advisor to the private shareholders on this transaction. The transaction was led by Alexander von Friesen (Partner) and supported by Matthias Altmann (Senior Associate) and Sebastian Leker (Associate).

PwC Legal Germany acted as legal advisor to the private shareholders on this transaction. The transaction was led by Gerhard Wacker (Partner) and supported by Susanne Zühlke (Partner), Dr. Tobias von Tucher (Partner), Gerung von Hoff (Director), Moritz Gröning (Director), Dr. Danielle von Hegel (Senior Manager), Thomas Urband (Senior Manager), Thomas Moritz (Senior Manager), Malte Sandhove (Senior Associate), Stephan Söbbeke (Senior Associate) and Moritz Westermann (Associate).

PwC Tax acted as tax advisor to the private shareholders on this transaction. The transaction was led by Daniel Windsheimer (Partner) with support from Stefanie Tielemann (Senior Manager).

PwC Transaction Services provided vendor assistance services to the private shareholders on this transaction. The transaction was led by Matthias Gross (Senior Manager) and supported by Martino Buraschi (Senior Associate).