Lexington, MA-based healthcare IT security company Imprivata has agreed to be acquired by private-equity firm Thoma Bravo for $544M or $19.25 per Imprivata share in cash. Shares rose 32% to $19.14 pre-market. The company did not disclose when the acquisition is expected to close.
“We’re tremendously excited about Thoma Bravo’s investment in our company and believe this transaction represents a great outcome for our current shareholders,” said Omar Hussain, President and CEO of Imprivata in the announcement. “Given Thoma Bravo’s successful track record in both security and healthcare IT, today’s partnership is an endorsement of Imprivata’s corporate vision and our relentless focus on the customer experience — a value which has established us as the vendor of choice in healthcare IT security. We are now in a stronger position to pursue market opportunities through innovating and expanding the products and services we offer.”
Founded in 2002, Imprivata enables healthcare organizations globally to access, communicate, and transact patient information securely and conveniently.
