Boutique investment firm Armitage Associates is ready to take the market’s pulse on its healthcare management software MYP Corporation, bringing in bankers to help secure an exit after almost five years.
Street Talk understands Armitage has tapped Houlihan Lokey to run an auction of the software business, which is making from $10 million to $15 million at the revenue line.
The sale comes a month after Tanarra Capital Partners inked a deal to sell the client record software platform Health Metrics to North American technology investor Accel-KKR.
Read the full story tomorrow and more on the Street Talk page.
From the column
Student accommodation giant UniLodge on the block, UBS schools buyers
Australia’s largest operator of student accommodation, UniLodge, is getting ready to test the booming market, hiring UBS’ infrastructure and property team to launch a sale process that is slated to fetch a price-tag of as much as $1 billion.
Best and worst
The Australian sharemarket reset its record high for the second time this week after an unexpected tick up in the unemployment rate to 4.3 per cent bolstered bets for an interest rate cut from the Reserve Bank of Australia next month.
