ABRY to buy Sentry Data Systems

The price has not been officially disclosed, but a source in the banking industry told Buyouts that Sentry is selling for more than $200 million. 

Sentry went up for sale late last year, a different banker said. 

TripleTree is advising on the Sentry auction, which included many private equity bidders, several sources said.

Sentry, based in Deerfield Beach, Fla., provides software that hospitals, clinics, integrated delivery networks and pharmacies use for analytics, procurement and compliance, according to the company’s website.

ABRY’s investment will come from its eighth fund, which closed at $1.9 billion last year, the FTC notice said.

Boston-based ABRY targets investments in media, communications and business and information services. The firm typically invests between $25 million to $150 million equity per deal, according to its website.

In 2012, ABRY acquired SourceMedical, a provider of outpatient information solutions and revenue cycle management services. TripeTree advised SourceMedical on the sale.

Executives for Sentry Data, TripleTree and ABRY could not immediately be reached for comment.