Topic: How To Invest

Spinoffs & Takeovers Hotline – Friday, October 21, 2022

Article Excerpt

CONSTELLATION SOFTWARE INC., $1,881.78, symbol CSU on Toronto, sells software tailored to individual businesses and agencies. It has more than 125,000 customers operating in both the public and private sectors of more than 100 countries. The company is known for acquiring software companies and then successfully integrating them and adding value. It made $1.5 billion in acquisitions in 2021, alone. Most recently, in May 2022, Constellation’s wholly owned business N. Harris Computer Corporation completed the acquisition of the Altera Hospitals and Large Physician Practices segment of Allscripts Healthcare Solutions (symbol MDRX on Nasdaq). The purchase price was $700 million U.S. in cash, consisting of $670 million to be paid at closing, plus contingent consideration of up to $30 million based on the performance of the business during the two years following close of the transaction. Constellation’s Harris subsidiary specializes in software serving public-sector, health care, utility and other organizations. It currently employs more than 6,000 people and already operated more than 20 healthcare software…