Healthcare data analytics company Craneware is buying 340B third-party administrator Sentry Data Systems, the latest in a series of 340B TPA acquisitions.
Abry Partners, the private equity firm that bought an approximately 89% stake in Sentry in May 2015, reportedly for $200 million, announced on Tuesday that Sentry was being sold to Craneware for $400 million. Sentry management, management-related entities, and individual shareholders held the remainder of the stake in Sentry after Abry’s investment six years ago. The sale to Craneware is subject to U.S. Federal Trade Commission approval.
Healthcare data analytics company Craneware is buying 340B third-party administrator Sentry Data Systems, the latest in a series of 340B TPA acquisitions.
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