Mansa Capital Management has acquired Accreon, a healthcare technology and services company. Mansa’s $5.5 million investment in Accreon will enable the company to accelerate its growth in the United States and will build on its position as a market leader in Canada.
Accreon is a healthcare technology and business services firm that integrates and manages health information. The company serves healthcare provider organizations, government entities, medical device companies and electronic medical records (EMR) vendors. Accreon is headquartered in Boston and has Canadian offices in Fredericton, NB; Charlottetown, PEI; and Toronto, ON (www.Accreon.com).
Mansa Capital invested $5.5 million in Accreon along with the company’s new management team and original founders to finance the acquisition. The closing of the transaction also triggers the succession of Eric Demers to the position of President and CEO; Martin Ferguson, SVP of Delivery; and Michael Lavigne, SVP of Sales and Marketing.
Joining the Accreon Board of Directors will be Jason Torres, Mansa Capital Partner and Chief Operating Officer; Dr. William Winkenwerder Jr.; and Tom Burlin, who will serve as the company’s new Chairman of the Board. Mr. Burlin was previously the COO of Affiliated Computer Services, a Fortune 500 company, and Dr. Winkenwerder was most recently the CEO of Highmark Health, one of the country’s largest diversified health insurance companies.
“The Affordable Care Act has created an abundance of opportunity for healthcare technology companies such as Accreon, which is ripe for increased industry leadership in Canada as well as rapid expansion in the US market,” said Mr. Torres, who led the transaction for Mansa.
Mansa Capital invests in companies active in the health care services and health care technology sectors that have enterprise values up to $150 million. Mansa focuses on companies as they prepare for expansion, acquisition, privatization or IPO. The firm is headquartered in Boston with additional offices in New York, Miami and Dallas (www.MansaCapital.com).
© 2015 PEPD • Private Equity’s Leading News Magazine • 4-8-15