Tuesday, December 8, 2009
Francisco Partners Buy Quadramed
San Francisco-based private equity firm Francisco Partners reported Tuesday that it is acquiring QuadraMed Corporation, a provider of healthcare information technologies and services. The deal is worth approximately $126M in cash. Francisco Partners said it would pay $8.50 per share in cash for all outstanding shares of QuadraMed's common stock, plus $13.7 per sahre in cash for Quadramed's Series A Cumulative Mandatory Convertible Preferred Stock. The deal is a premium of approximately 32.6% to QuadraMed's common stock, based on Monday's closing price.