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Imprivata's software helps hospitals manage valuable information, including products that transmit prescription data to pharmacies or let employees log into various computer programs with a security badge. But Imprivata's shares have languished since hitting an all-time high of $20.83 in August 2015. The Lexington-based company held an initial public offering in 2014, one of four from the region's tech sector that year. The deal, announced Wednesday, will give stockholders $19.25 per share, a 33 percent increase over the company's previous closing price of $14.50.
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Imprivata Inc., a seller of health care security software, is being purchased for $544 million by private equity firm Thoma Bravo. The region has one less publicly traded tech company. Lexington company sold to private equity firm A Cruz spokesman said the company will likely spend the next year securing permits and aims to start construction in early 2018. The project is the latest in a string of developments coming to nearby Dudley Square and other sections of Roxbury, where the Cruz Cos. Cruz still needs to acquire two sites for that project. A second phase would include 44 apartments for senior citizens and street-level storefronts. The company has tentative development rights for part of the site, which is owned by the city, and an option to purchase the rest, it said in its filing. The first phase of construction would begin in early 2018 on a 51-unit mixed-income apartment building, with parking for residents and office space where Cruz plans to consolidate its four divisions into one central location. The big landlord and developer filed notice with the Boston Redevelopment Authority Tuesday of its plans for a two-building complex of apartments and office space at 280 Warren St. Apartments and offices planned for RoxburyĬruz Companies is planning a $47 million project on Warren Street in Roxbury.