DCF advises MiraMed Global Services, Inc. on its acquisition of Plexus Management Group, Inc. and Plexus Information Systems, Inc.
LOS ANGELES, June 17, 2015 — Deloitte Corporate Finance LLC (DCF) acted as financial advisor to MiraMed Global Services (MiraMed), a full-service health care business process outsourcing provider, in its acquisition of Plexus Management Group, Inc. (Plexus MG) and Plexus Information Systems, Inc. (Plexus IS).
Plexus MG and Plexus IS will become business units of MiraMed Global Services, Inc., a large provider of outsourced billing and practice management services in the United States, and provide customized high-end practice management and revenue cycle outsourcing solutions to anesthesia practices across the country. Plexus IS’ Anesthesia Touch™ platform has been rated as the top complete anesthesia information management system (AIMS) solution on the market, according to KLAS.
Tony Mira, president and CEO of MiraMed states, “What we value about our relationship with Deloitte Corporate Finance is their ability to identify multiple acquisition targets for our consideration as well as their depth of skills and experience in advising us throughout the transaction process. MiraMed is in a high-growth mode, and we view DCF as a trusted advisor as we continue to expand and broaden our portfolio of outsourced services in the US, UK, and abroad.”
“MiraMed engaged us to help it identify and execute strategic acquisitions,” said Mike McArthur, managing director, Deloitte Corporate Finance LLC. “It’s been a thoughtful process, and we look forward to continuing our work with MiraMed as they accomplish their strategic objectives.”
About MiraMed Global Services, Inc.
Headquartered in Jackson, Michigan, MiraMed Global Services stands as the premier global provider of business process outsourcing solutions to healthcare organizations nationwide. The company currently has offices on three continents and more than 4,000 employees collectively. MiraMed partners with hospitals, health networks, physician practices and related industry service organizations to provide a broad portfolio of customizable solutions, uncover and capitalize on hidden financial opportunities, improve productivity and ultimately increase profits. MiraMed pairs healthcare industry experts with world-class processes, infrastructure and technology to deliver meaningful and measurable results. This proprietary model enables sustainable change by delivering a complete, customizable "end-to-end" solution devised to meet a client's own unique financial and organizational needs.
About Plexus Management Group, Inc.
Plexus Management Group, Inc. (“Plexus MG”) is one of the largest private managers of anesthesia services with clients from New England through the mid-Atlantic, and the mid-West. The company specializes in working with anesthesia and pain management practices in academic medical centers and other hospitals, private practice, and ambulatory surgical centers. Plexus MG’s services focus on billing and collections, financial management, physician practice standards, operating room management consulting, human resources, scheduling, credentialing and information systems management. Originally formed as the back-office of a leading anesthesia group in Massachusetts, Plexus MG now represents more than thirty practices in ten states. The company was founded in 1998 and is based in Westwood, MA.
About Plexus Information Systems, Inc.
Plexus Information Systems, Inc. (“Plexus IS”), formerly a wholly owned subsidiary of Plexus MG, is a provider of anesthesia information management systems (“AIMS”). Plexus IS offers Anesthesia Touch™, a tablet based comprehensive practice management solution used by hospitals, surgery centers, and physician practices. Anesthesia Touch™ enables providers to document the preoperative evaluation, intraoperative anesthesia care and post anesthesia discharge on one simple interface.
About Deloitte Corporate Finance LLC
Deloitte Corporate Finance LLC (DCF) provides strategic advisory services and M&A advice that help corporate, entrepreneurial and private equity clients create and act upon opportunities for liquidity, growth and long-term advantage. With an in-depth understanding of the marketplace and access to a global network of investment bankers, we help clients confidently pursue strategic transactions in both domestic and global markets. DCF, together with the Corporate Finance Advisory practices within the Deloitte Touche Tohmatsu Limited network of member firms, include in excess of 1,900 professionals, who work collaboratively across 150 international locations. With our significant experience providing investment banking services across key industries, we are able to offer our clients solutions that help them to achieve their strategic objectives. For more information, visit www.investmentbanking.deloitte.com.
Prior engagement performance is no guarantee of future performance and may not be representative of the experience of other clients. This communication is for informational purposes only and is not intended as an offer or solicitation for the purchase or sale of a security.
Deloitte Corporate Finance LLC, an SEC registered broker-dealer and member of FINRA and SIPC, is an indirect wholly-owned subsidiary of Deloitte Financial Advisory Services LLP and affiliate of Deloitte Transactions and Business Analytics LLP. Investment banking products and services within the United States are offered exclusively through Deloitte Corporate Finance LLC. For more information, visit www.investmentbanking.deloitte.com. Please see www.deloitte.com/us/about for a detailed description of the legal structure of Deloitte LLP and its subsidiaries. Certain services may not be available to attest clients under the rules and regulations of public accounting.