Company:

Amisys Synertech Inc.

Role:

Financial Advisor

Transaction:

Sale to DST Systems

Closing Date:

October 2006

Transaction Amount:

Undisclosed

Background:

ASI provides enterprise software and business process outsourcing solutions that address administrative and strategic demands faced by healthcare payors and benefit administrators.

Raymond James’ Role:

Raymond James was hired in December 2005 to explore strategic sale opportunities for Amisys Synertech, Inc. (“ASI”). Whitney & Co., LLC, had been ASI’s majority owner since forming the company in 2003 with the simultaneous acquisition and merger of Amisys LLC and Synertech Health System Solutions, LLC.

In conjunction with the sale process, ASI began to implement a series of reorganization initiatives designed to transform the company’s infrastructure by leveraging the developmental expertise and outsourcing capacity of its recently acquired offshore operations in India. The impact of this strategic integration comprised more than 65% of ASI’s projected EBITDA at the time the sale process was initiated.

In the role as exclusive financial advisor to the company, Raymond James provided a full range of in-depth advisory services to position ASI for a successful outcome by effectively highlighting the pro forma impact of the restructuring efforts on the company’s value. Raymond James also managed a successful bid process that generated a substantial increase in final valuation compared to initial indications.

On October 2, 2006, ASI was acquired by DST Systems (NYSE: – DST), a $2.5 billion provider of outsourced back office solutions for the financial services, healthcare, and telecommunications industries. ASI was merged into the subsidiary operations of DST Health Solutions. At the time of the transaction, the combined entity serviced more than 200 health plan customers with approximately 30 million covered lives.