ImageTrend Expands with Biospatial and FlowMSP Acquisitions
Deal News | Jan 08, 2025 | Welsh, Carson, Anderson & Stowe
Welsh, Carson, Anderson & Stowe (WCAS), a prominent private equity firm, has announced strategic acquisitions by its portfolio company, ImageTrend. The acquisitions involve biospatial, based in Durham, NC, and FlowMSP, based in Park Ridge, IL. These acquisitions support ImageTrend's goal of connecting critical data in emergency services and underscore WCAS's commitment to enhancing its portfolio companies' growth and innovation. ImageTrend's software, which transforms incident data into actionable intelligence, will benefit significantly from biospatial's advanced healthcare analytics and FlowMSP's pre-incident planning technology. These integrations aim to create a comprehensive, connected continuum of care and address systemic challenges in emergency services. Ryan Harper of WCAS emphasized the importance of the acquisitions in continuing to drive innovation and enhance market leadership. Biospatial and FlowMSP, both founded in the mid-2010s, bring vital technological advancements that will enhance ImageTrend's offerings to fire, EMS, and healthcare providers.
Sectors
- Healthcare Technology
- Emergency Services Software
- Private Equity
Geography
- United States – The involved companies, biospatial and FlowMSP, are based in North Carolina and Illinois, respectively, while WCAS operates in New York.
Industry
- Healthcare Technology – The article discusses the acquisition of biospatial, a company that specializes in healthcare analytics, making this industry highly relevant.
- Emergency Services Software – ImageTrend and FlowMSP operate within the emergency services software sector, focusing on solutions for EMS, fire, and healthcare providers.
- Private Equity – WCAS, a private equity firm, is a central player in the acquisitions, highlighting the relevance of this sector.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Welsh, Carson, Anderson & Stowe (WCAS) | Private Equity Firm | Company | A private equity firm specializing in technology and healthcare sectors. |
| ImageTrend | Acquiring Company | Company | A portfolio company of WCAS that specializes in transforming incident data into actionable intelligence. |
| biospatial | Target Company | Company | A healthcare analytics company providing advanced analytics and machine learning for EMS and healthcare entities. |
| FlowMSP | Target Company | Company | A pre-incident planning software company for fire services. |
| Ryan Harper | General Partner | Person | General Partner at WCAS, commenting on the strategic acquisitions. |
| Patrick Sheahan | Chief Executive Officer | Person | CEO of ImageTrend, providing insights on the acquisitions' impact. |