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All Target/Issuer Buyers/Investors Transaction Comments

06/25/2013 ActiveCare, Inc., Volu-Sol Reagents The Horrocks Company, LLCThe Horrocks Company acquired Volu-Sol Reagents from ActiveCare for $0.22

million on June 13, 2013.

05/01/2013

Dentelli, MEBL, Byron J. Larsen,

Image Dentistry of Glendale & Peoria

& Absolute Aesthetic

Sebring Software, Inc.

(OTCPK:SMXI)

Sebring Software entered into an asset purchase agreement to acquire Dentelli

Corp. for $0.4 million on March 25, 2013.

04/12/2013

TST Appleton South, LLC, Fresenius

Dialysis Center Located in Winfield,

Alabama

AR Capital, LLC

AR Capital entered into a purchase and sale agreement to acquire Fresenius

dialysis center TST Appleton South, $1.9 million on April 9, 2013.

06/18/2013 Vermilion Manor Nursing Home FNR Healthcare GroupFNR Healthcare Group agreed to acquire Vermilion Manor Nursing Home from

Vermilion County for $3.4 million on June 18, 2013.

05/06/2013 NuVasive Manufacturing LLC NuVasive, Inc. (NasdaqGS:NUVA)NuVasive acquired ANC for $4.5 million on May 6, 2013. No debt will be

assumed in the deal.

05/01/2013Orthodontic Specialists Management,

LLC

Sebring Software, Inc.

(OTCPK:SMXI)

Sebring Software entered into an agreement to acquire Orthodontic Specialists

Management for $7.2 million on April 25, 2013

04/01/2013

Cardiac Science Corporation,

Diagnostic Cardiology Product Line

Except Certain Assets

Mortara Instrument, Inc.

Mortara Instrument signed an agreement to acquire the diagnostic cardiology

product line from Cardiac Science Corporation for $21 million on March 29,

2013.

05/13/2013 Spectrum Dynamics (USA) Inc.Biosensors International Group, Ltd.

(SGX:B20)

Biosensors International Group entered into an agreement to acquire

substantially all assets of Spectrum Dynamics for $70.1 million on May 13,

2013. The purchase price also includes potential earn-out payments upon

fulfilling certain performance criteria.

04/29/2013 Ingenuity Systems, Inc. Qiagen NV (NasdaqGS:QGEN)Qiagen NV acquired Ingenuity Systems for approximately $110 million in cash

on April 29, 2013. Ingenuity reported net sales of approximately $20 million.

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Market Cap Stock Price Price/ Price Price/ Price/

Company Name Symbol State ($ in Mil) (Date) Monthly YTD LMT EPS Book Sales EBITDA

MedAssets, Inc. NasdaqGS:MDAS GA 1,144.62$ 19.25$ 4.22% 14.79% 67.6x 2.6x 3.2x 10.4x

PharMerica Corporation NYSE:PMC KY 413.59$ 14.00$ (2.30%) (1.69%) 10.6x 0.9x 0.4x 6.9x

Analogic Corporation NasdaqGS:ALOG MA 967.28$ 79.02$ 6.51% 6.35% 33.0x 2.1x 1.5x 12.4x

AtriCure, Inc. NasdaqGM:ATRC OH 165.50$ 7.92$ (10.81%) 14.78% NM 10.7x 2.3x NM

Edwards Lifesciences Corp. NYSE:EW CA 9,406.50$ 82.16$ (4.39%) (8.88%) 38.2x 6.3x 4.8x 19.5x

Mindray Medical International LimitedNYSE:MR NA 4,752.86$ 39.94$ 6.20% 22.14% 35.4x 3.6x 3.8x 17.4x

(Invalid Identifier) NYSE:TGX (Invalid Identifier)47.17$ 1.63$ 0.62% 2.52% 25.6x 0.6x 0.4x 2.9x

AdCare Health Systems Inc. AMEX:ADK GA 58.65$ 4.00$ (9.48%) (15.77%) NM 2.8x 1.1x 12.0x

Emeritus Corp. NYSE:ESC WA 1,278.15$ 27.79$ (2.46%) 12.42% NM 6.0x 3.8x 20.8x

Lifepoint Hospitals Inc. NasdaqGS:LPNT TN 2,275.10$ 48.46$ 9.91% 28.37% 15.0x 1.1x 1.2x 7.4x

Alliance Healthcare Services, Inc. NasdaqGM:AIQ CA 80.58$ 7.77$ 10.37% 21.79% NM NM 1.4x 4.3x

CorVel Corporation NasdaqGS:CRVL CA 535.68$ 24.75$ 3.02% 10.39% 22.4x 4.9x 1.2x 9.2x

National Research Corp. NasdaqGS:NRCI.B NE 399.49$ 16.52$ 1.63% 6.65% 29.0x 7.0x 4.7x 14.7x

Omnicare Inc. NYSE:OCR OH 4,260.87$ 40.72$ 9.29% 12.80% 16.7x 1.2x 0.9x 8.3x

Magellan Health Services Inc. NasdaqGS:MGLN CT 1,284.74$ 47.57$ (7.74%) (2.92%) 11.2x 1.3x 0.3x 4.5x

WellCare Health Plans, Inc. NYSE:WCG FL 2,504.78$ 57.96$ 1.35% 19.04% 13.7x 1.9x 0.2x 4.9x

Average 1,848.47$ 32.47$ 1.00% 8.92% 26.5x 3.5x 1.9x 10.4x

Stock Price Change

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Market Cap Price/ Price/ Price/ TEV/

Segment Averages ($ in Mil) Month YTD LTM LTM EPS Book Sales EBITDA

Healtcare Providers and Services 4,621.01$ 1.6% 22.1% 23.2% 43.26x 3.78x 4.46x 22.74x

Healthcare Equipment and Supplies 3,028.79$ (0.9%) (2.4%) 0.8% 37.88x 3.90x 7.71x 17.82x

Laboratory Services 3,359.37$ (1.0%) 8.3% 3.2% 14.86x 2.47x 1.44x 6.41x

Healthcare Technology 1,637.97$ (0.8%) 21.5% 11.3% 69.63x 6.72x 9.51x 28.90x

Industry Average 3,493.10$ 0.3% 8.8% 10.8% 35.13x 3.81x 5.46x 15.16x

S&P 500 Average 30,030.29$ (1.5%) 12.6% 17.9% 25.81x 4.79x 2.81x 10.83x

Stock Price Change

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State Undisclosed$ 0 - 5

Revenue

$5 - 10

Revenue

$10 - 25

Revenue

$25 - 50

Revenue

$50 - 100

Revenue

$100+

Revenue

AZ 269 31 63 49 11 3 7

CO 267 19 68 53 16 4 10

KS 195 8 44 42 6 4 2

ND 57 2 8 11 2 0 3

NE 121 19 34 33 3 2 12

NM 73 3 15 15 0 2 1

OK 177 21 51 40 11 4 14

SD 50 4 16 12 2 1 2

TX 100 17 23 17 7 3 5

UT 118 21 39 23 11 2 4

WY 28 0 5 4 1 0 1

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