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Acquisition

Ampersand Capital Partners Acquires American Laboratory Products Company

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Ampersand Capital Partners Acquires American Laboratory Products Company

American Laboratory Products Company, Ltd. (ALPCO), a specialty in vitro diagnostics company, today announced the majority recapitalization of the company by Ampersand Capital Partners. Ampersand’s investment will be used to support ALPCO’s worldwide growth initiatives, including the expansion of the company’s diagnostics test kit offering, broadening the company’s geographic presence, and fueling internal R&D product development and production operations.

ALPCO is a Salem, NH-based in vitro diagnostics company that offers specialty immunoassay products (IVD and RUO) primarily focused on the clinical gastroenterology and diabetes research segments. Founded in 1990 by Richard and Jan Conley as an importer and distributor of immunoassay-based products for the North American life science markets, the company is now a leading global provider of both distributed and proprietary diagnostics products. As part of the transaction, Richard and Jan Conley will remain shareholders in the company, and Sean Conley will continue to lead the business as CEO. ALPCO has also announced the appointment of Larry McCarthy, PhD as Chairman of the company’s Board of Directors.

“We are very excited to partner with Sean and his team to continue to grow the business,” stated Eric Lev, General Partner at Ampersand. “With our operating and investment experience within the laboratory products and diagnostics markets, coupled with an injection of growth capital, we believe that ALPCO is poised to be a market leader in specialty immunoassay products worldwide.”

Sean Conley added: “We have always been committed to offering our customers the solutions they need to both advance the quality of care and enable better medical research. I am confident that this partnership with Ampersand will allow us to grow as an organization and better serve our customers as we invest in our infrastructure and service offering.”

Acquisition

ELITechGroup Acquires GONOTEC, Freezing Point Osmometry leading player

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ELITechGroup Acquires GONOTEC,  Freezing Point Osmometry leading player

ELITechGroup, market leader in global vapor pressure osmometer technology, announces the acquisition of GONOTEC, a leading market player in freezing point osmometer technology.

The purchase of the company unites two osmometry market leaders, providing the industry with a full range of osmometry solutions that meet specific needs enabling physicians to more rapidly and accurately diagnosis disease and determine the proper course of patient treatment.

In addition, ELITechGroup will now have a direct market presence in Germany enabling the company to serve customers with its entire portfolio of products and solutions directly.

“The strategic acquisition of GONOTEC expands the company’s global capabilities to deliver innovative products to the in vitro diagnostics, biotech, chemical, environmental, food & beverage, pharmaceutical, and research market segments.  With a combined 90+ years of innovation, we aim to become the number one osmometry company in the world,” said Bryce McEuen, Vice President, Biomedical Systems.  “In addition, the acquisition increases our capacity and geographic presence to serve laboratories with superior levels of service and customer support.”

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Acquisition

isolved Acquires Predictive People Analytics Provider – TrenData HR

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isolved Acquires Predictive People Analytics Provider – TrenData HR

isolved, has acquired predictive people analytics platform TrenData HR. The combination helps business leaders and HR professionals move from reactive to proactive human capital management (HCM) using sophisticated insights, simply delivered.

The acquisition will help organizations of all sizes – not just the largest enterprises – to maximize business and people outcomes from their HR data. TrenData HR harnesses external data sources and aggregates them with information from internal systems, applying sophisticated predictive artificial intelligence (AI) models to produce powerful visual insights wherever and whenever they’re needed.

“isolved integrates HR processes through an adaptive and mobile-friendly user experience in order to deliver effective HCM outcomes for employers and employees alike – in the moments that matter and all the interactions in between,” said Mark Duffell, CEO of isolved. “TrenData HR substantially strengthens our ability to deliver the benefits of intelligently connected HCM to our customers by maintaining the perfect balance between sophistication and simplicity.”

TrenData HR automates the safe and secure collection of workforce data from multiple, approved sources, including isolved People Cloud, to provide robust analytics that are visually pleasing as well as prescriptive recommendations and predictive insights on which action can then be taken – proactively. These insights can even be requested from a voice-activated conversational virtual assistant (VA) that makes use of an advanced natural language processing (NLP) engine.

“HR is at the center of organizational change, and although many organizations have an abundance of people data, they only use a fraction of it,” said Tom McKeown, CEO of TrenData HR. “Midsized businesses often find that what they do have is neither usable or visible, and they certainly don’t have the people resources to do something about it. Therefore, they are left to reactive decisions based on gut feelings, without the benefit of critical data-driven insights.

“Together with isolved we change the game. Now, executives prioritizing cost optimization coming out of the pandemic can ask for strategic insights to help them more effectively budget and drive exceptional business outcomes. HR leaders will be able to better understand compliance exposure or how to become more diverse, equitable, inclusive, and foster belonging while business managers can ask questions about future-skill requirements or potential turnover in their teams.”

The workforce is ready for this functionality. When isolved surveyed HR leaders, 58 percent indicated AI will evolve HR jobs by (1) relieving them of burdensome tasks to focus on more strategic aspects of their role, (2) creating new opportunities for more technical roles and (3) improving compliance. And, when isolved surveyed full-time employees in the U.S., 83 percent were open to using a conversational VA to guide them in completing HR-related tasks.

By adding TrenData HR’s predictive people analytics and conversational interface to isolved People Cloud, every employee now has a voice or text assistant on call. Starting with a browser and mobile app, and in time, as part of the companies’ joint product roadmap, from within common work tech platforms like Microsoft Teams™, messaging platforms like Facebook’s WhatsApp™ or through IoT devices using technology like Google Assistant™.

“TrenData HR significantly advances isolved’s vision for intelligently connected HCM,” added Duffell. “It uses sophisticated technology, yet completely removes the complexity to extend the value of intelligently connected HCM into the broader work-life environment – seamlessly bringing HCM processes to where the modern workforce now hangs out.”

isolved will bring TrenData HR’s predictive people analytics as well as new donating and volunteering capabilities from its recent acquisition of Givful, together with its community of customers and partners at its annual event, isolved Connect to be held September 19-21 in Miami, FL. The full agenda is available now.

About isolved

isolved is an employee experience leader, providing intuitive, people-first HCM technology. Our solutions are delivered directly or through our partner network to more than five million employees and 145,000 employers — who use them every day to boost performance, increase productivity, and accelerate results while reducing risk. Our HCM platform, isolved People Cloud, intelligently connects and manages the employee journey across talent management, HR & payroll, benefits, workforce management and engagement management functions. No matter the industry, we help high-growth organizations employ, enable and empower their workforce by transforming employee experience for a better today and a better tomorrow.

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Acquisition

EverCommerce Acquires Leading Electronic Charge Capture Solution MDTech

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EverCommerce Acquires Leading Electronic Charge Capture Solution MDTech

EverCommerce Inc. (Nasdaq: EVCM) (“EverCommerce” or the “Company”), a leading service commerce platform, announced it has acquired Medical Design Technologies (“MDTech”), a leading provider of mobile charge capture solutions. Based in Houston, Texas, MDTech provides accurate, efficient, and simple charge capture and analytics solutions to small- and medium-sized practices across 20 different specialties and 29 states.

MDTech joins EverCommerce’s EverHealth suite of solutions that streamline healthcare operations and patient engagement.

Founded in 2015, MDTech is committed to saving healthcare organizations valuable time and resources by offering solutions aimed at reducing claim denials, increasing revenues, and helping avoid unnecessary billing costs. The product line includes solutions for charge capture, business intelligence, billing management, and telehealth.

“Running a profitable business is essential for healthcare providers. Solutions like MDTech, with charge capture and business intelligence analytics, allow practices to streamline their back-office operations so they can focus more time on direct patient care,” says Matt Feierstein, President of EverCommerce. “We’re eager to have MDTech join EverCommerce and grow our suite of complete capabilities and solutions for modern patient care.”

“With aligned missions to support the success of small to medium-sized healthcare practices, we are very excited to join the EverCommerce team and have our products be a part of a growing suite of healthcare software solutions that help providers create a modernized, streamlined healthcare environment,” says Micah Grossman, COO of MDTech.

MDTech joins EverCommerce’s EverHealth suite, offering solutions that streamline day-to-day healthcare practice operations, improving provider and administrative workflows, and modernizing engagement with patients. EverHealth serves more than 72,000 customers with solutions for practice management, electronic medical records, patient engagement, and digital marketing.

Terms of the acquisition were not disclosed.

About EverCommerce

EverCommerce is a leading service commerce platform, providing vertically-tailored, integrated SaaS solutions that help more than 500,000 global service-based businesses accelerate growth, streamline operations, and increase retention. Its modern digital and mobile applications create predictable, informed, and convenient experiences between customers and their service professionals. Specializing in Home & Field Services, Health Services, and Fitness & Wellness industries, EverCommerce solutions include end-to-end business management software, integrated payment acceptance, marketing technology, and customer engagement applications.

About MDTech

Medical Design Technologies (MDTech), a leader in providing electronic charge capture solutions, was founded in 2015. MDTech is an established independent software vendor (ISV) specializing in state-of-the-art healthcare applications with specific expertise as a mobile applications provider, providing wireless healthcare applications.

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