Navigation Links
Huntsman Gay-Led Consortium Completes Recapitalization of Sunquest Information Systems
Date:12/20/2010

PALO ALTO, Calif., Dec. 20, 2010 /PRNewswire/ -- Huntsman Gay Global Capital, a leading middle market private equity firm, today announced the completion of a recapitalization of Sunquest Information Systems® Inc., a leading provider of laboratory information systems. The recapitalization, led by Huntsman Gay, was done in partnership with Vista Equity Partners, which has owned the company since 2007 and is retaining a significant stake in the business, along with several co-investors. Terms of the transaction were not disclosed.

Founded in 1979 and headquartered in Tucson, Arizona, Sunquest's software solutions manage mission critical operations and workflow processes in and around the laboratory for healthcare providers worldwide.  Customers include leading academic and medical research centers, integrated delivery networks, community based hospitals, and independent laboratories. The company has additional locations in Raleigh, North Carolina, India, and the U.K.

"Earlier this year, we began to review a wide range of options for bringing in an investment partner who would enable Sunquest to realize its full potential," said Richard Atkin, president and CEO of Sunquest Information Systems. "It is important that our partners share our goal of building a world-class, customer-centric company. Huntsman Gay was selected in large part because they are focused on driving long term value through operational improvements, and because they have a deep understanding of the opportunity in front of us and our path to continued success."

"Lab test results impact almost 80 percent of all healthcare decisions, making effective laboratory management essential," said Steve Young, Managing Director of Huntsman Gay. "Sunquest's best in class software solutions have made it a leader with a loyal, global customer base.  The management team is executing a strategic growth plan that has positioned the company to continue growing market share as diagnostic testing expands. We are very excited to partner with Vista on this investment."

"We look forward to a successful partnership with Huntsman Gay," said Robert F. Smith, Chairman and CEO of Vista Equity Partners. "From day one, it was clear Steve Young and the Huntsman Gay team are aligned with our vision, and will be strong supporters of the management team as Sunquest continues to grow and innovate for many years to come."

About Sunquest Information Systems

Sunquest Information Systems, Inc. delivers market leading diagnostic information technology and outreach solutions designed and implemented to fulfill the business objectives of today's healthcare leaders. Headquartered in Tucson, Arizona, the company has offices in Raleigh, North Carolina; Norwich, United Kingdom; and Bangalore, India. Sunquest serves the global marketplace with reliable technology required for mission critical applications. These solutions provide the foundation to optimize the healthcare experience, deliver safe, effective, and timely patient care, expand community reach, and transform the delivery of healthcare with predictive and personalized medicine.

For more information please visit www.sunquestinfo.com, or phone +1 (800) 748-0692.

About Vista Equity Partners

Vista Equity Partners based in San Francisco with offices in Chicago and Austin, currently invests over $2 billion in capital committed to dynamic, successful technology-based organizations led by world-class management teams with long-term perspective. Vista is a value-added investor, contributing professional expertise and multi-level support toward companies realizing their full potential. Vista's investment approach is anchored by a sizable long-term capital base, experience in structuring technology-oriented transactions, and proven management techniques that yield flexibility and opportunity in private equity investing.

For more information visit www.vistaequitypartners.com.

About Huntsman Gay Global Capital

Huntsman Gay Global Capital is a private equity firm that brings unrivaled experience to the middle market—offering all the advantages of both a strategic and a financial buyer in one firm. Co-founded by Jon M. Huntsman, one of the world's leading industrialists, and Robert C. Gay, a former managing director of Bain Capital, the firm focuses on middle market leveraged buyouts and growth equity investments. For more information, please visit www.hgequity.com.


'/>"/>
SOURCE Huntsman Gay Global Capital
Copyright©2010 PR Newswire.
All rights reserved

Related medicine technology :

1. NewCardio Presents Results for Cardiac Safety Research Consortium Blinded Drug Safety Study
2. The Biomarkers Consortium Announces Availability of Alzheimers Disease Plasma Proteomics Data
3. Consortium on Intraosseous (IO) Vascular Access Recommends IO Access for Emergent and Nonemergent Situations
4. NewCardio to Present Results of QTinno Performance on Cardiac Safety Research Consortium Blinded Testing Dataset
5. National Institute of Advanced Industrial Science and Technology (AIST) Adopts ChemAxon JChem Base for Japanese Consortium for Glycobiology and Glycotechnology Database (JCGGDB)
6. University HealthSystem Consortium Awards Single-Source Agreement to Ascent for Medical Device Reprocessing Services
7. University HealthSystem Consortium Selects Centurion Service Group for Equipment and Asset Liquidation Services
8. Soligenix Forms Consortium to Develop Thermostable Technology to Advance RiVax(TM) and Other Rapidly Acting Vaccines
9. Family Medicine Education Consortium, Inc. Endorses PatientCarenet.Org
10. Cellular Dynamics International and VivoMedica Launch the CARDIOTOX Consortium to Validate a Human Cardiac Model for Preclinical Cardiotoxicity Testing
11. Research Consortium Advances Understanding of Cervical Spine Injuries in Children Involved in Motor Vehicle Crashes
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:6/24/2016)... DUBLIN , June 24, 2016 ... and Markets has announced the addition of the ... their offering. ... products and provides an updated review, including its applications ... covering the total market, which includes three main industries: ...
(Date:6/24/2016)... 24, 2016 Research and Markets has ... Companion Diagnostic Tests" report to their offering. ... Diagnostics The World Market for Companion Diagnostics ... diagnostics. Market analysis in the report includes the following: ... Vitro Diagnostic Kits) by Region (N. America, EU, ROW), 2015-2020 ...
(Date:6/23/2016)... 23, 2016  MedSource announced today that it ... software solution of choice.  This latest decision demonstrates ... to their clients by offering a state-of-the-art electronic ... establishes nowEDC as the EDC platform of choice ... clients.  "nowEDC has long been a preferred EDC ...
Breaking Medicine Technology:
(Date:6/27/2016)... ... ... TopConsumerReviews.com recently awarded their highest five-star rating to Best Buy Eyeglasses, an ... United States and Canada wear eyeglasses. Once considered to be a purely functional part ... fashion statement. Even celebrities use glasses as a way of creating an iconic image—like ...
(Date:6/26/2016)... Carolina (PRWEB) , ... June 26, 2016 , ... ... of a new product that was developed to enhance the health of felines. The ... centuries. , The two main herbs in the PawPaws Cat Kidney Support ...
(Date:6/25/2016)... ... , ... Austin residents seeking Mohs surgery services, can now turn to Dr. ... Russell Peckham for medical and surgical dermatology. , Dr. Dorsey brings specialization to include ... in Mohs Micrographic Surgery completed by Dr. Dorsey was under the direction of Glenn ...
(Date:6/25/2016)... ... 25, 2016 , ... As a lifelong Southern Californian, Dr. Omkar Marathe earned ... the David Geffen School of Medicine at UCLA. He trained in Internal Medicine at ... fellowship in hematology/oncology at the UCLA-Olive View-Cedars Sinai program where he had the opportunity ...
(Date:6/24/2016)... ... June 24, 2016 , ... A recent article published June 14 ... The article goes on to state that individuals are now more comfortable seeking to ... operations such as calf and cheek reduction. The Los Angeles area medical group, Beverly ...
Breaking Medicine News(10 mins):