Lighthouse-Software carves out Questionnaire Manager from Philips VitalHealth
Amsterdam – CFI is delighted to announce it acted as the exclusive corporate finance advisor to Lighthouse-Software in the carve out transaction of Questionnaire Manager from Philips VitalHealth.
About Lighthouse-Software
Lighthouse-Software is a Dutch software developer focussing on innovative solutions for the healthcare industry. With a team of experienced professionals and in-house developed products, Lighthouse-Software aims to improve patient care and to increase the efficiency of healthcare providers and organisations.
About Philips VitalHealth and Questionnaire Manager
Philips VitalHealth was founded in 2006 and acquired by Royal Philips in 2017. Philips VitalHealth is part of a strong ecosystem of connected solutions that allow healthcare systems to better understand their patient populations, navigate their patients and engage patients in their own care. Questionnaire Manager is a cloud-based solution for online survey instruments supporting Patient Reported Outcome Measures (PROM) and Patient Reported Experience Measures (PREM).
About the transaction
Lighthouse-Software proudly announced that they have acquired Questionnaire Manager with its established position in the Netherlands and a footprint in Europe and Australia to become the market leader with PROM/PREM surveys. For Questionnaire Manager’s customers, this acquisition will ensure continuity, a seamless continuation of services and further investments to enhance the product experience and advanced functionalities.
CFI’s role in the process
Based on the long-term partnership and successful experience with two earlier transactions, the shareholders of Lighthouse-Software requested CFI to support in this carve-out process. Leveraging CFI’s M&A experience in Software and IT services, CFI played a pivotal role in assisting Lighthouse-Software in this complex acquisition. CFI’s support to Lighthouse-Software encompassed market intelligence, valuation benchmarking, assessment of the opportunity, as well as input for the negotiations, resulting in a successful transaction of Questionnaire Manager on 10 July 2023.
Marcel Kok, Director of Lighthouse-Software, is excited about the acquisition and the new opportunity: “Questionnaire Manager is an exceptionally valuable product in the healthcare sector with a very appealing customer base, many of whom have been using Questionnaire Manager for years. With our expertise in software development and our passion for data innovation, we intend to take Questionnaire Manager to the next level. We will invest in further product development and work closely with our customers to ensure that the product meets their needs and expectations for the future.”
Kok continues: “Over the years, we have worked closely with CFI over a number of transactions and value their support and experience in the Software & IT Services market. We are thankful to CFI for helping us secure this transaction.”
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This transaction was advised by:
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