BENCHMARK INTERNATIONAL COMPLETES SALE OF OMEGA TECHNOLOGY SOLUTIONS TO CERTIVE SOLUTIONS INC.
International M&A specialist, Benchmark International, has successfully negotiated the sale of Omega Technology Solutions to publically-traded Certive Solutions Inc.
Omega Technology Solutions, headquartered in Fort Lauderdale, Florida, is a revenue cycle software solutions and consulting firm for the healthcare industry. The company has over 20 years of experience implementing revenue recovery projects and enhancing the financial stability of their customers in the healthcare industry.
Certive Solutions Inc provides revenue cycle management solutions to the U.S. health care market. Certive Solutions Inc services include audit and recovery services, billing services, and software solutions to help providers work with payers to efficiently manage the reimbursement process and improve financial performance. At the time of acquisition, the company had locations in Vancouver, British Columbia and Scottsdale, Arizona.
The purchase price was reported at $2,500,000 which consisted of cash at close, subscription receipts for Omegas in the private placement, a convertible promissory note, and preferred shares of Certive Solutions. Omega’s management team unanimously agreed that the acquisition will allow them to expand their service offerings to their customer base. Certive Solutions’ CEO commented that the acquisition allows them to continue to grow within the revenue cycles solutions field in the US health care sector.
Dara Shareef, Director at Benchmark International, stated, “We are very pleased that our client at Omega Technology Solutions has found a suitable strategic acquirer. There are abundant synergies, new services and additional resources created through this partnership that we believe affirms the commitment that Omega Technology Solution has to its customers.” Senior Associate, Graham Woodard, added, “The Benchmark International transaction team would like to wish our client at Omega Technology Solutions the best as they go forward into this exciting partnership.”
Omega’s CEO and Founder of Omega Technology Solutions, stated, “We are thrilled to be moving forward into this newly founded partnership with Certive Solutions Inc. We are proud by the level of service we are committed to providing our customers, and believe this transaction will further enhance our ability to provide extraordinary service. We would like to extend our gratitude to the Benchmark International team for their hard work on this transaction and are delighted with the result.”
ABOUT BENCHMARK INTERNATIONAL
Benchmark International’s global offices provide business owners in the middle market and lower middle market with creative, value-maximizing solutions for growing and exiting their businesses. To date, Benchmark International has handled engagements in excess of $5 billion across 30 industries worldwide. With decades of global M&A experience, Benchmark International’s deal teams, working from 13 offices across the world, have assisted hundreds of owners with achieving their personal objectives and ensuring the continued growth of their businesses.