Imprivata to Be Acquired by Thoma Bravo for $544 Million
July 13 2016 - 8:50AM
Dow Jones News
Health-care IT security company Imprivata Inc. said Wednesday
that it has agreed to be acquired by private-equity firm Thoma
Bravo LLC for $19.25 a share, or about $544 million.
The price represents a 33% premium over Imprivata's Tuesday
stock price of $14.50. Shares rose 33% to $19.25 in premarket
trading.
The company, which helps health-care providers protect patient
information comply with regulations, made its debut on public
markets in June 2014 at a price of $15.
In 2015, the company posted $119.1 million in revenue and a net
loss of $23.1 million.
Thoma Bravo typically invests in application and infrastructure
software and technology-enabled services.
Write to Austen Hufford at austen.hufford@wsj.com
(END) Dow Jones Newswires
July 13, 2016 09:35 ET (13:35 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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