Exclusive financial advisor to LUMEDX
KPMG Corporate Finance LLC acted as exclusive financial advisor to LUMEDX
KPMG Corporate Finance is pleased to announce the sale of LUMEDX Corporation (“LUMEDX” or the “Company”) to Intelerad Medical Systems Incorporated (“Intelerad”), a portfolio company of Hg Capital.
Headquartered in Oakland, CA, LUMEDX is a leading provider of healthcare analytics and cardiovascular information systems (CVIS). The Company also provides analytics for multiple specialties, including orthopedics, neurology, spine and maternal/fetal medicine. LUMEDX currently serves over 150 hospitals and health systems, with proven success in helping customers achieve better patient care.
“Over the last two and a half decades, LUMEDX has been laser-focused on our vision of delivering an end-to-end suite of software and services that improves continuity of care. Joining forces with Intelerad enables us to further achieve this goal, as well as provide customers increased automation that results in greater clinical efficiency and improved patient care.” said Allyn McAuley, Ph.D., CEO and Co-Founder of LUMEDX.
Mike Lipps, CEO of Intelerad, added, "Healthcare as we know it has forever changed, and more than ever, providers need automated solutions that allow them to focus on what they do best – treating patients and providing improved patient care. Bringing LUMEDX into the Intelerad portfolio further enables our team to provide customers with the most comprehensive enterprise imaging platform in the industry.”
Allyn McAuley, CEO and Co-Founder of LUMEDX, commented on the transaction, “I can’t express my appreciation enough for the KPMG team. Their consultative approach, resources and 100% availability were key to guiding us through a successful and smooth transaction. In particular, our lead KPMG banker, Karan Jolly, worked with us intimately during all phases—from evaluation and strategy through close and beyond. He had the perfect blend of professional attention to detail and the ability to work smoothly with team members on both sides of the transaction.”
KPMG Corporate Finance LLC
The global Corporate Finance practice of KPMG International’s network of independent member firms was ranked #1 as the top M&A middle-market adviser globally by Refinitiv, based on number of completed transactions, for the past 20 years.
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