Covington Associates, LLC, a leading Boston based investment bank serving middle-market clients spanning the business services, consumer & industrial, healthcare, and technology sectors, is pleased to announce the closing of four transactions. As 2014 continues to see strong interest for both strategic and private equity buyers, Covington anticipates continued momentum into the coming quarters, with deal activity and valuations remaining strong.
Q1 2014 Transactions
Hobart Group Holdings*, a leading 100% payer-focused strategy and pharmaceutical marketing
agency,was sold to Precision for Medicine,a specialized scientific services partner that helps
life science companies develop and commercialize next generation medical products.
Olmstead Associates*, a leading consulting and professional development firm providing services
to the securities industry was acquired by Matau Advisers, an independent management consulting
firm started by Stephen Alepa, formerly of ITG.
UroMed*, a Georgia based provider of urological, incontinence and other disposable medical supplies
was acquired byCardinal Health’s subsidiary, AssuraMed, a nationwide leader in medical supply distribution
for diabetes,ostomy, wound care, urological, incontinence, respiratory and other chronic conditions.
LifeMed Media, Inc. (d/b/a dLife)* operates a premiere multimedia platform for the diabetes community,
providing patients, consumers, and caregivers with knowledge, inspiration, and connection to others through
an array of media outlets. Veria International, acquirer of dLife, promotes health and wellness through
its High Definition TV network, website and all natural product line.