Categories

HGP Closes its 100th Transaction!

HGP Closes its 100th Transaction!

September 13, 2017

HGP was founded in 2006 with the goal of providing top tier investment banking and strategic advisory services to innovative growth companies across the health IT domain.  In May of this year, we celebrated the closing of our 100th transaction.  When we launched the firm, we found ourselves thrust against the headwind of the financial crisis.  Starting a business in a down cycle ultimately…

Read More
The Ecosystems that Fuel Health IT Investment

The Ecosystems that Fuel Health IT Investment

August 31, 2017

Health IT is a geographically dispersed sector, yet certain locations are known for supporting strong Health IT ecosystems, such as Nashville, Boston, San Francisco, Chicago, Atlanta, and Madison.  These ecosystems are generally the result of large, incumbent corporations and institutions that fuel the intellectual capital and talent that are the foundation for the development of new enterprises.  During…

Read More
The Tension Between Healthcare Pricing and Consumerism

The Tension Between Healthcare Pricing and Consumerism

August 10, 2017

Last year, HGP discussed the concept of Exploiters and Solvers in the healthcare industry.  The U.S. healthcare economy is indisputably inefficient.  Inefficient markets create opportunities for exploitation or solution.  Exploiters seek to exploit inefficiencies to maximize returns for a select few.  Solvers seek to eliminate inefficiencies to maximize returns for many.  In the context of healthcare,…

Read More
HGP Releases its Mid-Year Health IT Market Review

HGP Releases its Mid-Year Health IT Market Review

July 13, 2017

Healthcare Growth Partners is pleased to release its Semi-Annual Health IT Market Review.  Our semi-annual report summarizes M&A and capital raising activity across health IT, health information services, and digital health. This edition of the report includes our analysis of valuation trends across core HIT sub-sectors, a discussion of economic pricing against the trend toward healthcare consumerism,…

Read More
Demystifying the Pharmaceutical Supply Chain

Demystifying the Pharmaceutical Supply Chain

June 27, 2017

Healthcare Growth Partners (HGP) is demystifying the operations of the complex maze known as the pharmaceutical supply chain. In addition to the unnecessary complexity of the key industry players’ roles, their confounding dealings and the lack of price transparency make the pharmaceutical supply chain one of the most difficult to comprehend in healthcare. In order to understand the entire process…

Read More
Valuations Round 2: Health IT SaaS vs Health IT Non-SaaS

Valuations Round 2: Health IT SaaS vs Health IT Non-SaaS

June 07, 2017

Last month, we blogged an analysis that compared public company valuation multiples of Enterprise (non-Health IT) SaaS with Health IT SaaS.  Our analysis uncovered that, when using growth as a variable, the two groups were nearly indistinguishable from each other. What was evident in the data is that Health IT SaaS companies aren’t growing as quickly compared to their generalist counterparts. If…

Read More
Houston. Healthcare. Fossils. Profits.

Houston. Healthcare. Fossils. Profits.

May 22, 2017

Healthcare Growth Partners is proudly based in Houston, Texas, home to the world’s largest medical complex, the Texas Medical Center.  The TMC, which itself is the 8th largest business district in the US, encompasses over 9,200 patient beds and serves over 10 million patient-encounters each year.  The TMC is home to the world’s finest clinicians, academics, researchers, and students. …

Read More
HGP Client symplr acquires Vistar Technologies

HGP Client symplr acquires Vistar Technologies

May 18, 2017

symplr®, a leading provider of software as a service (SaaS) based healthcare compliance and credentialing solutions, today announced it has joined forces with Vistar Technologies (“Vistar”), a leader in the development and support of provider management software for healthcare providers, managed care and payer organizations. The combined company is now a clear…

Read More
Enterprise SaaS vs. Health IT SaaS Valuation Analysis

Enterprise SaaS vs. Health IT SaaS Valuation Analysis

May 05, 2017

We’ve often found ourselves questioning why it feels like the Health IT SaaS sector trades at a discount to the broader Enterprise SaaS market. While Health IT definitely has its share of high multiple companies like HealthEquity and Teladoc, the vast majority of publicly traded HIT SaaS companies trade in the 3x to 5x revenue multiple range. On the other hand, generalist Enterprise software companies…

Read More
HGP supports the sale of Clockwise.MD to DocuTAP

HGP supports the sale of Clockwise.MD to DocuTAP

April 28, 2017

DocuTAP, one of the nation's fastest growing healthcare technology companies and provider of electronic medical records (EMR) and practice management (PM) software for urgent care clinics, today announced that it has acquired Clockwise.MD, a patient engagement software provider of online scheduling and wait time transparency solutions for healthcare organizations. The combination brings together…

Read More