Sale to TT Capital Partners, NovaQuest Capital Management, L.L.C. and Frist Cressey Ventures

Healthcare
Sale to TT Capital Partners, NovaQuest Capital Management, L.L.C. and Frist Cressey Ventures

Summary

Baird served as the exclusive financial advisor to Informed Medical Decisions, Inc. on this transaction

About

Informed Medical Decisions, Inc. (“InformedDNA” or the “Company”) recently received growth investments from TT Capital Partners (“TTCP”), NovaQuest Capital Management, L.L.C. (“NovaQuest”) and Frist Cressey Ventures. Terms of the transaction were not disclosed.

InformedDNA is the authority on the appropriate use of genetic testing. The Company leverages the expertise of the largest full-time staff of independent, board-certified genetics specialists in the U.S. to help ensure health plans, hospitals, employers, clinicians and patients all have access to the highest quality genetic services. Key offerings include clinical genetic counseling, genetic testing utilization management, genetic testing payment integrity and expert genetics clinical trial support. InformedDNA is headquartered in St. Petersburg, Florida.

TTCP is a healthcare principal investor, collaborating with healthcare technology and services companies that have the potential to become market leaders. Leveraging the insights garnered from a unique knowledge-based platform, TTCP invests in innovative, high-growth businesses in healthcare. TTCP is part of an independent healthcare merchant bank and is headquartered in Minneapolis, Minnesota.

NovaQuest was formed in 2000 with the vision of building an investment platform to provide strategic capital to life sciences and healthcare companies. Today, NovaQuest Capital Management manages over $2.5 billion through its Product Finance and Private Equity strategies. The investment team consists of highly seasoned professionals with significant operating and investment experience and deep life science and healthcare expertise. NovaQuest is headquartered in Raleigh, North Carolina.

Frist Cressey Ventures is a venture capital firm that is focused on accelerating the growth of high potential healthcare enterprises through value-added partnerships. The firm invests in technology and services businesses. First Cressey Ventures is headquartered in Nashville, Tennessee.
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Healthcare
Sale to TT Capital Partners, NovaQuest Capital Management, L.L.C. and Frist Cressey Ventures
Date
December 2019
Company
Informed Medical Decisions, Inc.
Transaction
M&A
Sectors
Healthcare
Target Location
North America
Acquiror Location
North America

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