BSMS Advises RazorInsights on athenahealth Merger

Athenahealth, Inc. (“athenahealth”), a leading provider of cloud-based services and mobile tools for medical groups and health systems, acquired RazorInsights, LLC (“RazorInsights”), a provider of cloud-based IT solutions to the rural community hospital and critical access hospital markets.  The acquisition of RazorInsights serves as an important step to solidify athenahealth's penetration of the inpatient market. In addition to positioning athenahealth to serve this new segment of the health care landscape, this acquisition will accelerate athenahealth's technology development to advance connectedness across the care continuum. 

 

BSMS served as RazorInsights’ legal advisor on the transaction.  Terms of the deal were not disclosed.

About RazorInsights

Based in Kennesaw, GA, RazorInsights, formerly a Bluff Point Associates portfolio company, is a dynamic healthcare information technology company recognized as a Top 20 Most Promising Healthcare Solution and a Top 50 EHR. In keeping with the principle of Occam's Razor, RazorInsights has created a simple HIS solution for rural, critical access and community hospitals. RazorInsights’ ONE is a single-database, cloud solution offering an intuitive user experience with cutting-edge clinical tools and industry-standardized data. Hospitals across the country use ONE to improve clinical and financial outcomes, which keeps communities healthier. 

About athenahealth, Inc.

 

athenahealth is a leading provider of cloud-based services for electronic health records (EHR), revenue cycle management and medical billing, patient engagement, care coordination, and population health management, as well as Epocrates and other point-of-care mobile apps. athenahealth connects care and drives meaningful, measurable results for more than 59,000 health care providers in medical practices and health systems nationwide. 

BSMS Closes Deal with Blackstone's PFG to Increase UniPro Foodservice’s Revenue to $48 Billion

UniPro Foodservice, Inc., the nations largest foodservice purchasing cooperative acquired Progressive Group Alliance LLC of Richmond, Va. for undisclosed terms from by Performance Food Group Co. Progressive Group was the subsidiary that handled purchasing for Performance Food Group, which is also known as PFG.

 

The result is that UniPro’s total yearly revenue will jump to about $48 billion from $31 billion. In comparison, rival Sysco has yearly revenue of about $37 billion, according to its annual report.

 

About UniPro Foodservice

 

UniPro Foodservice, Inc. is the leading foodservice distribution network in the United States. Comprising over 300 shareholder companies, each distributor is independently owned, marketing the products and services provided by UniPro Foodservice. With a collective sales volume of over $31 billion, the buying power of UniPro enables its members to receive enhanced purchasing opportunities, thereby providing better pricing and a vast array of products to their customers. In addition to marketing the most recognized national brands in the foodservice arena, UniPro members exclusively market their own private brands: CODE®, ComSource®, Nifda® and Nugget®. In 2001, UniPro launched two proprietary brands: Reflections® hot beverages and Companions® disposable cutlery and serviceware. For more information, go to http://www.uniprofoodservice.com/

 

About Performance Food Group

 

​Through its leading family of foodservice distributors – Performance Foodservice, Vistar and PFG Customized Distribution, Performance Food Group, Inc. (PFG) delivers over 150,000 national and proprietary-branded food and food-related products to more than 150,000 independent and national chain restaurants, quick-service eateries, pizzerias, theaters, schools, hotels, health care facilities and other institutions. PFG operates one of the nation’s largest private truck fleets, as well as 67 distribution centers and 11 Merchant’s Mart locations across the United States. The company currently employs more than 12,000 people nationwide. For more information, visit www.pfgc.com. 

BSMS Advises InComm on Paypal Digital Gift Card Transaction

InComm today announced that PayPal will utilize the InComm Digital Solutions (IDS) platform to support PayPal’s digital gifts services. The partnership will help to connect hundreds of IDS-integrated brands with millions of PayPal customers around the world. Additionally, this will enable PayPal to expand the number of leading retailers’ gift cards that it sells in real-time on the PayPal Digital Gifts store and on the eBay marketplace.

 

About InComm

 

InComm provides connectivity to a variety of service providers that allow consumers to conduct everyday business at more than 450,000 points of retail distribution worldwide. Whether those consumers are activating prepaid products, paying bills, enjoying real-time discounts through a membership card, purchasing digital goods in-store or adding funds to an online account, InComm is there to provide unique gift-gifting opportunities, cater to on-the-go shoppers, deliver added value through loyalty programs and serve cash-based consumers. With 186 global patents, InComm is headquartered in Atlanta with a presence in over 30 countries in North and South America, Europe and the Asia-Pacific region.

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