Estimated reading time: 1 minute, 1 second

QUISITIVE ACQUIRES HEALTHCARE BIZ Featured

Quisitive Technology Solutions, a Dynamics reseller, is buying Mazik Global in a deal expected to close this month, The purchase has a value of about $15 million, including $7 million in cash an 6,254,020 shares of Quisitive common stock which had a recent trade of $1.3 (U.S) per share on the Toronto Stock Exchange.

Based in Chicago, Ill., Mazik has a staff of 50 and markets Dynamics 365. Along with MazikCare, Mazik’s health cloud platform, built on Dynamics, the firmmarkets MazikThings for manufacturing and MazikCity for the public sector market.  Mazik had revenue of roughly $10.4 million and EBITDA of about $2.1 million for the twelve months ended December 31. Quisitive, which has not yet reported 2020 results, had revenue of $36.7 million for the nine months ended September 30. Its results for last year will fully reflect the acquisition of the Corporate Renaissance Group and Menlo Technologies, and will be much larger than the $18.5 million reported for 2019. MazikCare includes the recently introduced VaccineFlow, which offers provider enrollment and outreach, vaccine appointments and administration, and Vaccine Inventory and Management and Outcome Monitoring. Mazik has a base minimum buyout of $6 million in cash, plus an additional incentive for exceeding recurring revenue growth targets, which the company can choose to pay in cash and stock.

Read 140 times
Rate this item
(0 votes)

Visit other PMG Sites:

click me
PMG360 is committed to protecting the privacy of the personal data we collect from our subscribers/agents/customers/exhibitors and sponsors. On May 25th, the European's GDPR policy will be enforced. Nothing is changing about your current settings or how your information is processed, however, we have made a few changes. We have updated our Privacy Policy and Cookie Policy to make it easier for you to understand what information we collect, how and why we collect it.