Russell Phillips engaged Healthcare Growth Partners to run a strategic sale auction with the objective to both maximize value and find a counterparty that would serve as a good home to the executive team and employees.
HGP ran a highly competitive auction resulting in a highly synergistic and compatible transaction with Jensen Hughes, backed by Gryphon Investors.
Kognito is a health simulation company that believes in the power of conversation to change lives. The company was approached by multiple strategic acquirors.
HGP ran a targeted auction and strategic alternatives analysis that resulted in multiple acquisition offers and term sheets resulting in the sale to Ascend.
Prognosis is a leading EMR vendor serving acute-care facilities in rural and CAH markets. The company was experiencing growth and not specifically seeking an exit.
HGP identified Azalea Health, an ambulatory EMR vendor serving the rural market, as an excellent strategic fit. HGP made the introduction and supported Prognosis through the deal that resulted in liquidity and the potential for future equity value creation given the strong synergy potential.
A market leader in patient communications for small to mid-size physician practices approached HGP seeking a liquidation event.
HGP identified a highly strategic buyer who preempted the auction process in order to expand their customer footprint.
Clockwise.MD, a patient engagement software provider of online scheduling and wait time transparency solutions for healthcare organizations, found an excellent strategic partner in DocuTAP that brings together the complementary strengths of both companies to form an industry leader in the on-demand healthcare market.
As a long-term strategic advisor for Clockwise.MD, HGP helped position the Company for success in their strategic sale.
High Line Health is a progressive value-based analytics and data visualization platform.
HGP ran a full auction process for High Line. High Line will continue to operate as a subsidiary of One Call, continuing to support and grow ACO, MCO, and employer relationships while also accelerating the pursuit of better outcomes for One Call's customers in the workers' compensation industry.
Essette, a care management software vendor, engaged HGP to run a sell-side auction focused on strategic acquirors.
HGP identified HMS as a highly strategic buyer that not only drove superior economic value but also proved an ideal match to preserve the culture and grow the team at Essette.
Array Health Solutions is a leading provider of group health insurance ecommerce technology.
HGP helped Array Health assess both its capital raise and sale opportunities, ultimately leading to the pursuit of an acquisition by GetInsured.
DocBookMD is a provider communications company serving providers and payers, which engaged HGP to support strategic planning and an exit.
HGP ran a narrow auction process resulting in the sale of DocBookMD to scrypt.
Shareable (aka, Shareable Ink) is a clinical documentation vendor backed by Lemhi Ventures that engaged HGP to advise an exit transaction.
HGP supported Shareable's exit to Digital Reasoning, an analytics vendor focused on transforming unstructured data.
iVantage offers analytics and consulting solutions to hospitals and health systems. The company was funded by Great Point Partners, who approached HGP to advise in the pursuit of a liquidity event.
HGP ran a complete auction process that led to multiple bids from sponsors and strategics and a strategic transaction with The Chartis Group, which is backed by the private equity group Riordan, Lewis & Haden.
ClientTell is a patient communications vendor serving hospitals and physicians. ClientTell sought HGP to lead it through a sale and liquidity event for shareholders.
HGP ran a full auction process which resulted in multiple highly competitive bids. HGP worked closely with company executives and shareholders to select the buyer that best addressed the desires of shareholders and company executives.
LWSI is a specialty EMR and PM vendor focused on behavioral health which engaged HGP to run a sell-side auction.
HGP ran a competitive auction and managed LWSI through a competitively sensitive transaction with Netsmart, a portfolio company of Genstar Capital.
gMed is a specialty EMR and PM vendor focused on gastroenterology which engaged HGP to run a sell-side auction.
HGP advised the company strategically first and when the timing was optimal, ran a competitive sell-side process resulting in the sale to Modernizing Medicine, a portfolio company of Francisco Partners.
Sentry is a software vendor serving hospital-based pharmacies which engaged HGP as a strategic advisor to support long-term valuation creation.
HGP served as strategic advisor, recruited board members, and helped the company plan and position for a transaction, resulting in a recap with ABRY Partners.
Provider Advantage is an access management vendor focused on front-end RCM which engaged HGP in the pursuit of a sale transaction.
HGP identified The SSI Group as a highly strategic acquiror, given the complentary nature of the two company's product offerings.
HealthUnity is a health information exchange vendor serving hospitals and health systems as well as payers. HealthUnity approached HGP about the pursuit of a sale or full liquidity event.
HGP ran a full and seamless auction that resulted in a competitive bidding process and a successful outcome for management and shareholders. HealthUnity was sold to ZeOmega, a portfolio company of Bregal Sagemount, to enable expansion into the hospital market.
HSM is a utilization management company focused on physical therapy, rehab, and chiro. HSM was looking for a strategic partner/acquirer who would help them to continue to grow while maintaining the existing leadership team to oversee the day-to-day operations.
HGP helped HSM find a buyer with a strong business and cultural fit in Magellan Health. HSM offered an excellent strategic fit as well, giving Magellan the ability to expand its musculoskeletal platform into an end-to-end offering.
Patient Prompt is a patient communications vendor serving hospitals and physicians. Patient Prompt was approached by multiple buyers and hired HGP to advise the company and assess strategic alternatives.
After a full auction and with multiple competing bids for the company, HGP achieved a valuation far superior to the initial bid with a higher certainty of close. The Patient Prompt management team now serves as key executives within the large and growing Patient Communications division at Stericycle.
HealthPost offers patient self-scheduling and referral management software for booking physician appointments. The company approached HGP to assess whether to raise capital or seek a sale.
HealthPost and HGP agreed to reach out to a handful of highly strategic acquirors and investors including Advisory Board, a former client and counterparty of multiple HGP transactions. HGP led a constructive and efficient negotiation resulting in a 26x revenue multiple.
Care Team Connect is a care coordination software platform serving the health system market. The Advisory Board saw the potential of the platform, which “listens” to hospital medical records and creates a step-by-step guide for patient care post-discharge.
HGP evaluated a dual-track capital raise and sale process. HGP helped investors and buyers in the process see the enormous growth potential of Care Team Connect’s platform.
Medibis, an RCM analytics vendor serving the ambulatory surgery center market, along with its owner, Bertram Capital, engaged HGP to advise on a sale process.
HGP ran an auction process for Medibis resulting in a competitive sale to SSI Group. Leveraging this relationship with SSI, HGP subsequently sold Provider Advantage to SSI in 2015.
Integritas, a closely-held specialty PM/EMR vendor serving the urgent care and occupational health markets, engaged HGP to advise on a sale process.
HGP ran a highly competitive auction resulting in the sale to Net Health, an HGP former client backed by Spectrum Equity.
GHN Online, a claims management vendor serving healthcare providers with a focus on the ASC market, engaged HGP to run a sale process.
HGP ran a tight process focused on highly strategic acquirors resulting in the competitive and seamless sale transaction to Greenway Health.
L&S Associates, a revenue cycle services company focused on Medicaid eligibility, engaged HGP to run a sell-side auction.
The auction resulted in multiple strategic bids and the competitive sale to Human Arc, a competing RCM services company.
Net Health is a specialty EMR vendor focused on wound care, urgent care, and PT. A former HGP client stepped in as CEO of Net Health and hired HGP to pursue a recapitalization of the company to position the company for growth and acquisitions.
HGP initiated the process with a strategic review, which included an assessment of strategic alternatives, identification of markets and capabilities to drive growth, and landscaping of acquisition targets, leading to a recap with Spectrum Equity as well as multiple follow-on acquisitions.
Study Manager, a closely-held clinical trial management software vendor serving sponsors and sites, engaged HGP to advise on a sale process.
HGP ran a competitive auction and positioned the strategic fit with Merge eClinical, negotiating a transaction which exceeded client objectives by leveraging a strong relationship with Merge.
cGate Health is a clinical mobility vendor backed by Mercury Ventures. The company engaged HGP to opportunistically pursue a sale process.
HGP negotiated a proprietary transaction between cGate and SCI, leveraging a deep understanding of the strategic fit between the two companies.
Clincal Coding Solutions, a revenue cycle technology company focused on hospital emergency departments, engaged HGP to advise on a strategic sale.
HGP ran an auction process resulting in a highly competitive and strategic sale to T-System, a portfolio company of Francisco Partners.
The Advisory Board Company hired HGP to lead the divestiture of its OptiLink Division, which offers software focused on workforce management and scheduling for hospitals.
HGP led a highly strategic auction process resulting in the competitive sale to Kronos, a portfolio company of JMI Equity.
HGP offers a flexible and dynamic approach designed to maximize shareholder value based on the specific characteristics and circumstances of each client and transaction. As important as it is to know seller dynamics, the HGP model is predicated on an equal understanding of buyer dynamics – including the identification of likely buyers, buyer strategic plans, acquisition plans, strategic methods, and personal relationships. By leveraging HGP’s knowledgebase, our sell-side transactions result in companies being bought, not sold. Our high success rates are achieved by delivering the right message to the right partner at the right time. Additionally, HGP offers Fairness Opinions to help satisfy the fiduciary duties placed on the board of the seller.