FOCUS Investment Banking Represents Alpha Systems in its Acquisition by DataBank
Washington, DC (December 1, 2014) – FOCUS Investment Banking, a national middle market investment banking firm providing merger, acquisition, divestiture and corporate finance services, announced today that Alpha Systems was acquired by Databank IMX, LLC. FOCUS represented Alpha Systems in the transaction.
“The market for healthcare IT companies is very active and we expect this activity to accelerate as technology is brought to bear for cost reduction and process improvement throughout the healthcare space,” noted Rick Thomas, Managing Director at FOCUS.
Alpha Systems has served the healthcare community for nearly 40 years with the goal of proactively improving a hospital’s financial outcome by using technology to maximize ROI. They are a leading provider of Electronic Document Management solutions to hospitals and health systems, playing a large role in the improvement of their revenue cycle. Alpha Systems’ SaaS-delivered EDM systems for healthcare organizations deliver billions of page views and terabytes of data each year to nearly 75,000 healthcare users.
Brett Griffith, President of Alpha Systems said, “We are grateful for the expertise and professionalism that FOCUS brought to this transaction. They understand the needs of both buyers and sellers and ensured that the transaction went as smoothly as possible.”
DataBank (DataBankIMX.com) is an industry leader in Business Process Automation, providing Workflow & Enterprise Content Software solutions, document management and document conversion services with eleven state-of-the-art production centers nationwide.
“Alpha Systems will become the healthcare division of Databank and leverage its existing 200,000sq/ft. facilities in Pennsylvania. It’s an acquisition that serves both businesses and the healthcare industry well,” commented FOCUS’ CEO, Doug Rodgers.
*These testimonials may not be representative of the experience of all clients; testimonials are not a guarantee of future performance or success.
Washington, DC (August 14, 2013) - FOCUS, a national middle market investment banking firm providing merger, acquisition, divestiture and corporate finance services, announced that AlphaLit has merged with LDiscovery. FOCUS represented AlphaLit in the transaction. Drinker Biddle & Reath served as legal counsel for AlphaLit and Hogan Lovells represented LDiscovery.
AlphaLit, based in Huntingdon Valley, PA, is a recognized leader of litigation support services for large corporations and prestigious law firms. Having set the standard for discovery document management nearly 25 years ago, AlphaLit continues to lead this industry with massive processing capacity and cutting edge technology.
LDiscovery, established in 2005 and headquartered in McLean, VA, provides a full range of legal and technology consulting services to law firms, corporations and government agencies. Comprised of attorneys, engineers, computer forensic and litigation support professionals, LDiscovery is a leader in delivering end-to-end E-Discovery solutions that support their client’s litigation, regulatory compliance or internal investigation needs.
According to Brett Griffith, President of Alpha Systems, “We are pleased that AlphaLit is joining forces with LDiscovery, one of the fastest growing full service E-Discovery companies in North America. The combination of AlphaLit and LDiscovery will provide both companies’ clients access to broader and deeper service offerings.”
AlphaLit will maintain its brand name and continue to operate its electronic processing, project management and E-Direct web hosting operations in Huntingdon Valley while leveraging LDiscovery’s forensic data collection, Relativity web hosting, analytics, and managed review expertise.
*These testimonials may not be representative of the experience of all clients; testimonials are not a guarantee of future performance or success.
About FOCUS LLC
FOCUS LLC provides a range of middle market investment banking services with an emphasis on mergers, acquisitions, divestitures and corporate finance. FOCUS is a national firm serving clients from offices in major cities across the United States. FOCUS specializes in business units with transactions or revenues in the $5-300 million range, serving entrepreneurs, corporate owners and various types of investors across a broad range of industries, throughout the U.S. and worldwide. FOCUS bankers are seasoned operating and financial executives with extensive transaction experience. Securities transactions conducted by FOCUS Securities LLC, an affiliated company, registered Broker Dealer member FINRA/SIPC. For more information on FOCUS, visit www.focusbankers.com.