Since 2018 Hg has supported MEDIFOX DAN to establish itself as a leading provider of digital solutions for the German care, support and therapy sectors, driven by a focus on the customer, continuous innovation and nine strategic acquisitions.

Hg continues to be active in the healthcare technology sector, having signed transactions in the sector worth over $6 billion in Enterprise Value in the last 12 months.

Hildesheim, Germany and London, United Kingdom. 14 June 2022. Hg, a leading software and services investor, today announces the sale of MEDIFOX DAN, a leading provider of digital solutions for the German care and therapy sectors, to ResMed, a global leader in cloud-connected medical devices and out-of-hospital software-as-a-service (SaaS) business solutions, in a transaction valuing the business at an enterprise value of around US $1 billion.

Founded in 1994 and headquartered in Hildesheim, Germany, MEDIFOX DAN is a leading provider of software solutions and services to care and therapy providers. Its core offering comprises digital solutions for resource and route planning, care planning & documentation, administration, and billing, as well as factoring and hosting services.

The group has more than 600 employees across eight locations in Germany. More than 300,000 caregivers trust in the innovation and quality delivered by one of the largest R&D teams in the industry.

Under the leadership of Dr. Thorsten Schliebe and Christian Städtler and with support from Hg, MEDIFOX DAN has demonstrated an impressive evolution, continuously expanding its product & services offering, entering attractive new segments, strengthening the wider management team, investing into a state-of-the-art system landscape and digital sales capabilities as well as driving strategic acquisitions. MEDIFOX DAN has also just announced the launch of its new cloud-ready software generation PROXIMA – combining the best of both worlds of MEDIFOX and DAN.

ResMed is a world-leading digital health company. Its pioneering cloud-connected medical devices and out-of-hospital software solutions have transformed care for over 137 million people globally. ResMed is also a leader in mission-critical enterprise software and services for the out-of-hospital care sector, serving homecare provider, stationary and ambulatory care equivalent sectors in the United States.

By joining forces through an acquisition of MEDIFOX DAN, ResMed expands its SaaS business footprint outside the U.S. and will be uniquely positioned to accelerate the digital transformation of care in Germany.

“MEDIFOX DAN cares about the people who care for people. We think partnering with ResMed, one of the leaders of our sector, is a unique opportunity to deliver upon that promise and on a much wider scale. We are excited to take this next step of the journey together and to continue delivering the best solutions and innovation to our clients. We want to thank the Hg team for sharing our entrepreneurial vision and offering their relentless support over the last few years, helping MEDIFOX DAN to become the best version of this vision.” Dr. Thorsten Schliebe and Christian Städtler, Co-Managing Directors of MEDIFOX DAN

“It has been a great journey and partnership with Thorsten, Christian and the whole MEDIFOX DAN team. We had long-recognised MEDIFOX as a high-quality software business, providing crucial services to integrated care. Together we have significantly further expanded MEDIFOX DAN’s offering through continued product investment, including nine acquisitions. ResMed, who we’ve known for many years, will be a great home to continue that innovation journey, enabling care givers to focus on people and patients.” Stefan Margolis and Benedikt Joeris, both Partners at Hg

“With the acquisition of MEDIFOX DAN, a fast-growing and innovative German healthcare software leader, we will expand ResMed’s SaaS business portfolio outside our current base in the U.S. and strengthen our position as a global leader in healthcare software solutions for lower-cost and lower-acuity care.”

“We are excited to welcome the MEDIFOX DAN team to our global ResMed family: Our management cultures are highly aligned with a laser-focus on lowering costs, improving outcomes, and changing the course of chronic disease management. MEDIFOX DAN has a strong track record of innovation, fully aligned with our teams at Brightree, MatrixCare, and beyond. MEDIFOX DAN’s customer centricity has built strong and ongoing, growing demand for its software solutions across Germany, and we expect that momentum to continue and strengthen as we become one global team. Our MEDIFOX DAN and ResMed teams are united with the same global mission: to help many hundreds of millions of people live healthier lives outside the hospital, and preferably in their own home.” Mick Farrell, ResMed CEO

The terms of the transaction have not been disclosed and completion is subject to closing conditions.

Media Contacts

For Hg

Tom Eckersley, Hg

+44 (0)20 8396 0930

tom.eckersley@hgcapital.com

Azadeh Varzi, Brunswick Group

+44 (0)207 404 5959

hg@brunswickgroup.com

For MEDIFOX DAN

Laura Willig

0 51 21 / 28 29 1-808

l.willing@medifoxdan.de

About MEDIFOX DAN

The MEDIFOX DAN Group, headquartered in Hildesheim, Germany, currently employs over 600 people at nine locations nationwide and specializes in the development of innovative software solutions and services for professional and non-professional care, therapeutic practices and child, family, and youth welfare facilities. In addition, digital solutions for modern training and education management – both for professional care and family caregivers – expand the group’s comprehensive product portfolio. What started as a small start-up business developed into a firmly established software company. Besides holistic product solutions, MEDIFOX DAN has always been characterized by strong partnerships and innovative services. Behind MEDIFOX DAN stands a team of innovative minds, over 55 years of industry experience and cumulative expertise, that works every day to set trendsetting standards for digitization in the health and social care sector and to drive innovation forward. In short: We are more than just software. Visit https://www.medifoxdan.de/

About Hg

Hg is a platform for software and services champions, focused on backing businesses that change how we all do business. Deep technology expertise, complemented by vertical application specialisation and dedicated operational support, provides a compelling proposition to management teams looking to scale their businesses. Hg has funds under management of over $40 billion, with an investment team of over 160 professionals, including a portfolio team of almost 50 operators, providing practical support to help our businesses to realise their growth ambitions. Based in London, Munich and New York, Hg has a portfolio of over 45 software and technology businesses, worth over $100 billion aggregate enterprise value, with over 55,000 employees globally, growing at over 20% per year. Visit www.hgcapital.com for more information and sign up for the Hg Newsletter to stay updated with Hg and portfolio news.