|
| Monday, November 20, 2006 |
Netsmart Technologies Inc., a software provider for the health care industry, said Monday it agreed to be acquired by private equity partners Insight Venture Partners and Bessemer Venture Partners for about $115 million and will go private.
Some Netsmart executives will partly own the company.
Under terms of the deal, Netsmart shareholders will get $16.50 in cash for each share, a 23.5 percent premium to the average closing price over the last 20 trading days of $13.36. Shares closed Friday at $14.70 on the Nasdaq.
The deal is expected to close in early 2007. |
|
|
|
