What you should know:
– Model N (NYSE: MODN), a leading provider of revenue optimization and compliance solutions for the life sciences and high-tech industries, announced a definitive agreement that will be acquired by Vista Equity Partners (“Vista”).
– Under the terms of the agreement, Vista will acquire all outstanding shares of Model N common stock for $30.00 per share in an all-cash transaction valued at approximately $1.25 billion.
– The transaction is expected to be finalized in mid-2024, subject to customary approvals and authorizations. Once completed, Model N will become a private company and its shares will be delisted from any public stock exchange.
About Model N
Model N is a leader in revenue optimization and compliance solutions, enabling companies in the pharmaceutical, medtech and high-tech industries. Their intelligent platform integrates technology, data, analytics and expert services to provide clients with deep industry insights and control over their revenue streams.
Model N’s cloud solution automates pricing, incentive and contract decisions, helping businesses increase profitability and grow revenue. Trusted by more than 120 countries, their solutions are used by leading companies such as Johnson & Johnson, AstraZeneca, Stryker, Seagate Technology, Broadcom and Microchip Technology.
“We are pleased to have reached this agreement with Vista, which is the culmination of a robust sale process led by our Board of Directors with the assistance of our financial and legal advisors,” said Baljit Dail, Chairman of the Model N Board. “As the Board considered the long-term path for Model N, we unanimously determined that the transaction with Vista represents the best opportunity to deliver compelling, certain, and immediate cash value to our stockholders and is in their best interest in light of the challenges faced by Model N as a standalone public company.”
