Accreon Has Been Recapitalized By Mansa Capital
7 Mile Advisors Acted As The Exclusive Sellside Advisor to Accreon In Their MBO Acquisition Led By Mansa Capital
7 Mile Advisors advised healthcare technology and business services provider Accreon, Inc. in their management buyout (MBO) transaction involving certain members of Accreon’s management team and lead investor Mansa Capital. Mansa is a Boston, MA-headquartered private equity fund focused on investing in businesses that provide healthcare technology and services. The valuation details of the transaction were not disclosed.
Three senior Accreon executives and founders: Eric Demers, President of Accreon USA; Martin Ferguson, CEO of Corporate Shared Services and founding partner; and Michael Lavigne, Vice President of Business Development, participated in the transaction alongside Mansa. The current CEO of Global Services and Solutions Neil Russon will remain with the company through the transition, as part of a succession plan that has been in the works for some time, said company spokesperson Carey Smith.
“I have worked in tandem with Eric, Martin and Michael for many years now and recognize the tremendous contributions they have made in order for Accreon to be where it is today,” said Russon in a statement. “I trust them to take Accreon through the next stage of its growth.”
Smith said the deal will accelerate the company’s growth in the U.S., and that in term will lead to more activity in Atlantic Canada, which is home to 113 of the company’s 123 employees.
Accreon is a healthcare technology and business services firm focused on integrating and managing health information. The primary goals of Accreon are to assist healthcare organizations: achieve interoperability by integrating their IT eco-system; establish an analytical environment that empowers learning, agility, and performance resulting in improved outcomes, finances and satisfaction; and enhance IT innovation by providing knowledgeable healthcare expertise and tools to bring solutions to market faster. Accreon has delivered services and built solutions across North America for healthcare provider organizations, government entities, medical device companies and EMR vendors. Accreon has offices in Fredericton, NB, Charlottetown, PEI, Toronto, Ontario and Boston, MA. For more information, visit www.Accreon.com.
About Mansa Capital:
Mansa Capital is a healthcare private equity investment firm specializing in growth companies in the healthcare services and healthcare technology sectors. Mansa focuses on companies as they prepare for expansion, acquisition, privatization or IPO. Mansa integrates strong expertise in healthcare policy, regulation, and reimbursement with vast experience in healthcare operations, marketing, finance, and care management. Mansa makes equity investments in operating companies with enterprise values up to $150 million. Mansa’s principals have more than 70 years of combined healthcare experience and have realized gains of $360 million through 10 monetized investments. The firm is headquartered in Boston, MA, with additional locations in New York, NY, Dallas, TX, and Miami, FL. For more information, visit www.mansaequity.com.
About 7 Mile Advisors:
7 Mile Advisors provides Investment Banking & Advisory Services to the Business Services and Technology Industries globally. 7 Mile Advisors advises on M&A and private capital transactions, and provide market assessments and benchmarking. As a close knit team with a long history together and a laser focus on our target markets, 7 Mile Advisors helps its clients sell companies, raise capital, grow through acquisitions, and evaluate new markets. All securities transactions are executed by 7M Securities, LLC, member FINRA / SIPC.
For more information, including research on the M&A markets, visit www.7mileadvisors.com