March 2011
MediMedia
Petsky Prunier advises MediMedia on its sale of MediMedia Information Technologies to Susquehanna Growth Equity
Petsky Prunier is pleased to announce it has advised MediMedia USA, Inc., a portfolio company of Vestar Capital Partners, on the sale of MediMedia Information Technologies (MMIT) to Susquehanna Growth Equity. This was the fourth transaction in the healthcare sector Petsky Prunier has completed in the last six months.
MMIT engages in the collection, consolidation, and interpretation of pharmaceutical and healthcare information from health plans to meet the needs of healthcare decision makers in managed markets. In addition, it offers data collection, analysis, and related services to the managed care marketplace. Susquehanna Growth Equity’s investment in MMIT is expected to accelerate development efforts and allow the company to meet customers’ needs quickly in the current, fast-paced business environment.
Susquehanna Growth Equity, LLC (SGE) is a private equity group investing in growth capital and buyout opportunities in information services, software, and financial technology. SGE’s team of dedicated investment professionals brings a unique set of experience combining venture investing with operational expertise.
A team from Petsky Prunier, led by Christopher French and Sanjay Chadda, served as financial advisor to MediMedia and Vestar Capital Partners.
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