M&A
confidence high
sentiment neutral
materiality 0.70
CPSI acquires Viewgol for $36M cash plus up to $31.5M earnout
TruBridge, Inc.
- Purchase price $36M cash; earnouts up to $21.5M for 2024 EBITDA ≥$6M and up to $10M for offshore hires in India.
- Viewgol serves 38 ambulatory customers in 15 states; ~80% of workforce based offshore.
- CPSI funded deal with $41M draw on its existing senior secured revolving credit facility.
- Viewgol expected to generate ~$1.5M GAAP net income and ~$4.5M Adjusted EBITDA in 2024, excluding synergies.
- CPSI plans to update full-year 2023 guidance on its Q3 earnings call.