TekLinks Acquires Managed Services Business From ClinicAnywhere
TekLinks, Inc., announced today that it has acquired the managed services business of ClinicAnywhere (formerly ETG), located in Birmingham, AL. Specific terms of the transaction were not disclosed.
TekLinks is a leading provider of complex technology solutions and managed and cloud services to businesses throughout Alabama, Mississippi, Tennessee, and the Gulf South. TekLinks’ momentum has accelerated significantly since its acquisition by Pamlico Capital in August 2012; under the guidance of CEO Jim Akerhielm, it has continued to grow revenue and develop partnerships across multiple verticals in the Southeast. Recent national recognitions along the way include ranking 28th among the world’s largest managed service providers on the MSPmentor 501, as well as garnering coveted spots on both CRN’s Tech Elite 250 and the Fast Growth 50 Up---and--Coming List of the most successful revenue--driving companies over the past two years.
Meanwhile, ClinicAnywhere has experienced substantial success in providing managed services and software solutions to the healthcare sector. By focusing exclusively on technology solutions for the physician office, ClinicAnywhere has become one of the region’s most trusted MSPs in the healthcare market. The transaction between the two companies will allow TekLinks to deepen their focus on the healthcare vertical, expand their managed services offering, and continue to be a leader in both the managed and cloud services space. Mike Jones, the CEO and founder of ClinicAnywhere, will remain with ClinicAnywhere and retain the name to pursue the success of their Practice Management and Electronic Health Record application, as well as their medical billing company. TekLinks has acquired their managed services practice and will brand it TekLinks HSG (Healthcare Services Group).
“We have worked extremely hard over the past ten years to build a company that served the technology needs of the physician practice,” says Jones. “Over the past year, we have built a successful software and medical billing company to work alongside our managed services business. We had reached the point where we needed to focus our business efforts further, and TekLinks, who has been a great partner to us in the past, was looking to grow its managed services portfolio. These two things occurring simultaneously really provided the classic ‘win--win’ scenario. TekLinks is able to acquire and maintain the managed services business, while we can concentrate on the rapid growth of our software business. Based on the transparency and trust with which Jim Akerhielm and I were able to execute this transaction, I am confident that our managed services staff are in good hands under his leadership.” .
David Powell, Vice President of Managed and Cloud Services, adds, “I worked at ClinicAnywhere when they were known as ETG, and I knew what a great business they had. Their expertise in the industry and their commitment to customer service were very attractive to us – so when given the opportunity to acquire those assets, we were very excited. Now, we look forward to growing the managed service practice in the healthcare space with an offering that, in TekLinks HSG, combines the best of ClinicAnywhere with the best of TekLinks.”
David Powell, VP of Managed & Cloud Services
Pamlico Capital is a private equity firm founded in 1988 that invests in growing middle market companies in North America. Pamlico Capital seeks control-oriented growth equity investments of up to $200 million alongside founders and proven leaders in its target industries: communications, healthcare, services and software. The firm, based in Charlotte, NC, has assets under management of approximately $4 billion. For additional information, please visit www.pamlicocapital.com.