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Nolan Advised PracticeMatch in its Sale to M3

“Nolan & Associates Advised PracticeMatch Services, LLC in its Sale to M3 “PracticeMatch has enjoyed a 25 year history of innovation as the first company to offer an online, real-time, physician information database.  Nolan created a marketplace for PracticeMatch that captured our unique value proposition, established buyer competition and ultimately helped us capitalize on today’s favorable market with the sale of our Company to M3.  The transaction could not have been achieved without Nolan’s expertise, professionalism and perseverance throughout the sale process.”

– Joe Thomure, PracticeMatch Founder

St. Louis, MO – (Sept. 19, 2014)  Nolan & Associates is pleased to announce that it exclusively advised PracticeMatch Services, LLC (PracticeMatch) in its sale to M3 (M3).

Our Client: PracticeMatch Services

  • Based in St. Louis, PracticeMatch Services, LLC is a leading provider of proprietary physician and resident/fellow databases, decision support software and other recruiting services designed to provide a clear and competitive advantage to physician recruiters.
  • PracticeMatch’s physician database products, tracking software and other services enable its clients to perform efficient and cost effective physician recruiting.
  • The Company’s flagship product offering, the Pinpoint physician database, provides detailed personal information on more than 300,000 US practicing physicians across all high demand medical specialties that are or have been candidates for a new practice affiliation.
  • The brand stands alone as the “go-to” in house physician recruiting tool that recruiters rely on to edge out competition.

Objectives of PracticeMatch Services

  • The Company’s founder sought a sale for liquidity and estate planning purposes, as well as to secure an acquisition partner who would benefit from PracticeMatch’s market leadership and competitive advantages.
  • PracticeMatch represented a unique opportunity to acquire the leading provider of physician information and database tools to the in house recruiting market.

Solution: Sale to M3 

  • Nolan marketed PracticeMatch’s best-in-class database, strong brand recognition, total in house sourcing solutions, as well as their highly skilled, knowledgeable and entrepreneurial workforce as an attractive acquisition opportunity.
  • Included in the list of potential buyers was M3, a global eHealth company listed on the Tokyo Stock Exchange (TYO: 2413).
  • M3 was founded with the goal of changing the world of medicine through full use of the power of the Internet and operates in the US as M3 USA.

Sell Side Process Results

  • M3 presented PracticeMatch the best acquisition proposal which included a combination of favorable economics, certainty to close and operational/cultural considerations.
  • The Nolan process created a sense of scarcity, competition and momentum which resulted in potential buyers submitting their best bids to acquire PracticeMatch.

About Nolan & Associates

Nolan & Associates is a boutique investment banking firm providing Mergers & Acquisitions and Capital Raise advisory services to middle market business owners and buyers.  Founded in 1976, Nolan is broadly recognized as a leading investment banking firm with Midwestern roots and global reach.  The Nolan team has completed hundreds of transactions in the middle market while working collaboratively from its offices in St. Louis, MO and Decatur, IL.

Securities offered through Middle Market Transactions, Inc.  Member: FINRA/SIPC.

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