Transactions

HGP has served as the exclusive investment banking advisor to over 140 health IT transactions representing over $5 billion in value since 2007.

140+

Transactions to Date

$5B

Aggregate Value

HGP jointly develops and executes on a strategic vision by identifying and executing proprietary transactions that focus as much on the deal as the value that can be created from it.

Buy-side, Capital Advisory
2024
Has Partnered With
Buy-side
2024

Cost Containment Vendor

Has Acquired

Payment Integrity Vendor

Buy-side
2023
Has Acquired
Buy-side
2023
Has Acquired
Buy-side
2022
Has Acquired
Buy-side
2022
Has Acquired
Buy-side
2021
Has Acquired
Buy-side
2021
Has Acquired
Buy-side
2021
Has Acquired
Buy-side
2021
Has Acquired
Buy-side
2021
Has Acquired
Buy-side
2020
Has Acquired
Buy-side
2020
Has Acquired
Buy-side
2020
Has Acquired
Buy-side
2019
Has Acquired
Buy-side
2019
Has Acquired

Other Transactions

Sell-Side
2025
Has Been Acquired By
Sell-Side
2025

RCM Services Vendor

Has Been Acquired By

RCM Services Vendor

Sell-Side
2025
Has Been Acquired By
Sell-Side
2024

Patient Engagement Vendor

Has Been Acquired By

Patient Engagement Vendor

Capital Advisory, Sell-Side
2023
Has Been Acquired By
Sell-Side
2023
Has Been Acquired By
Sell-Side
2023
Has Been Acquired By
Sell-Side
2023
Has Been Acquired By
Sell-Side
2022
Has Been Acquired By
Capital Advisory, Sell-Side
2022
Has Been Acquired By
Sell-Side
2022
Has Been Acquired By
Sell-Side
2021
Has Been Acquired By
Buy-side, Capital Advisory
2024
Has Partnered With

Insight Partners Has Partnered With Azara Healthcare

Year: 2024
Sectors: Population Health Management
Transaction Types: Buy-side, Capital Advisory

Situational Overview

Insight Partners engaged HGP to support the acquisition of Azara Healthcare, laying the foundation for the merger with i2i. The merger positions Azara and i2i to further support a full range of safety net providers in their government and commercial risk contracts, payer-provider collaboration, quality and compliance initiatives, care management, and cost and utilization strategies.

HGP Value Add

HGP supported Insight in the transaction, leveraging its deep expertise in population health to provide strategic guidance and execution support.

Close
Buy-side
2024

Cost Containment Vendor

Has Acquired

Payment Integrity Vendor

Cost Containment Vendor Has Acquired Payment Integrity Vendor

Year: 2024
Sectors: Payer Tech & Services, Revenue Cycle Management
Transaction Types: Buy-side

Situational Overview

In a retained buyside engagement, HGP completed a strategic review, market assessment, and target landscaping. After an extensive search, on a proprietary basis, HGP identified and executed against the ideal strategic, sizable and transformational acquisition on behalf of our client.

HGP Value Add

HGP fostered the relationship between Buyer and Seller, facilitated due diligence, and negotiated the proprietary transaction, navigating the particular goals of both buyer and seller to land on the optimal transaction structure.

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Buy-side
2023
Has Acquired

Intelligent Medical Objects Has Acquired Melax Technologies

Year: 2023
Sectors: Life Sciences Tech, Population Health Management
Transaction Types: Buy-side

Situational Overview

IMO engaged HGP to assess strategic opportunities to accelerate their Natural Language Processing (NLP) capabilities. The acquisition of Melax Tech will enhance IMO’s portfolio of healthcare data solutions and enable IMO to expand its offerings to various segments in the healthcare market to tackle diverse problems like improving clinical and administrative workflows, clinical research, and patient outcomes.

HGP Value Add

HGP supported IMO in the transaction, which aligns with IMO’s mission to help physicians document care in their own words while capturing the right codes behind the scenes. HGP is proud to have supported and advised IMO through the company’s first acquisition.

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Buy-side
2023
Has Acquired

Solarity Has Acquired Disc

Year: 2023
Sectors: Infrastructure Technology
Transaction Types: Buy-side

Situational Overview

Through existing relationships, HGP was aware that Solarity and Disc were perfectly matched for a strategic transaction. Solarity was in an exceptional position to instigate a transformative market shift, while Disc stood ideally positioned to benefit from the additional resources of the acquirer.

HGP Value Add

HGP fostered the relationship between Solarity and Disc, facilitated due diligence, and structured the proprietary transaction. As a result of HGP’s deep expertise and extensive experience, all parties involved navigated this transaction seamlessly.

Close
Buy-side
2022
Has Acquired

nThrive Has Acquired Pelitas

Year: 2022
Sectors: Population Health Management, Revenue Cycle Management
Transaction Types: Buy-side

Situational Overview

nThrive, a comprehensive RCM platform provider, engaged HGP to assess strategic opportunities to execute on their buy-and-build thesis. Patient access and digital patient intake were identified as highly strategic extensions that advance nThrive’s position as a leading provider in front-end revenue cycle management.

HGP Value Add

HGP supported nThrive in the transaction, which extends nThrive’s leadership in revenue cycle management by adding innovative patient access offerings and new capabilities to support digital patient intake and patient engagement.

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Buy-side
2022
Has Acquired

symplr Has Acquired Greenlight Medical

Year: 2022
Sectors: Infrastructure Technology
Transaction Types: Buy-side

Situational Overview

symplr’s Spend Management product suite will be strengthened by adding GreenLight’s quality and value-based purchasing decision support capabilities, together offering one of the most comprehensive spend management and value analysis SaaS solutions in the industry.

HGP Value Add

HGP supported symplr in the transaction, which aligns with symplr’s mission to deliver streamlined supply chain decision support for healthcare systems. HGP has served as financial and strategic advisor to symplr since 2014, with GreenLight Medical representing the 10th buy-side acquisition advised by HGP.

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Buy-side
2021
Has Acquired

symplr Has Acquired Phynd

Year: 2021
Sectors: Infrastructure Technology, Revenue Cycle Management
Transaction Types: Buy-side

Situational Overview

As the global healthcare GRC leader, symplr has been focused on driving consolidation in the industry and accelerating growth via strategic acquisitions. HGP has served as financial and strategic advisor to symplr in varying capacities since 2014, with Phynd representing the 7th buy-side acquisition advised by HGP.

HGP Value Add

HGP identified Phynd as an ideal acquisition target for enhancing symplr’s provider data management offering to enable management of a provider’s profile, location, clinical expertise, health plan and network participation, and programs.

Close
Buy-side
2021
Has Acquired

symplr Has Acquired Halo Health

Year: 2021
Sectors: Infrastructure Technology
Transaction Types: Buy-side

Situational Overview

Clinical communications was identified as a highly strategic extension for symplr’s product suite, further streamlining clinical processes and interactions, and improving clinical satisfaction and patient care.

HGP Value Add

HGP supported symplr in the transaction, which bolsters symplr’s rapidly growing workforce and talent management portfolio with the addition of clinical communications. HGP has served as financial and strategic advisor to symplr in since 2014, with Halo representing the 9th buy-side acquisition advised by HGP.

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Buy-side
2021
Has Acquired

Millennia Has Acquired Jellyfish

Year: 2021
Sectors: Population Health Management, Revenue Cycle Management
Transaction Types: Buy-side

Situational Overview

Millennia, a leader in patient payment solutions for hospitals, health systems and medical groups, has acquired Jellyfish Health, an innovative provider of patient engagement and patient access software.

HGP Value Add

HGP identified a proprietary transaction for Millennia, widening their array of patient access solutions and offering a more comprehensive patient experience suite.

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Buy-side
2021
Has Acquired

symplr Has Acquired SpinFusion

Year: 2021
Sectors: Infrastructure Technology
Transaction Types: Buy-side

Situational Overview

The symplr team identified physician scheduling as a key product offering to further build out their comprehensive suite of workforce management offerings that enable healthcare organizations to better optimize staff.

HGP Value Add

Through extensive strategic landscaping, HGP identified SpinFusion as a compelling platform that would fulfill symplr’s need for a provider scheduling solution and supported the Company in the acquisition.

Close
Buy-side
2021
Has Acquired

Imprivata Has Acquired Xton

Year: 2021
Sectors: Infrastructure Technology
Transaction Types: Buy-side

Situational Overview

Imprivata, the digital identity platform for healthcare, sought to expand their protection platform and access management capabilities to better serve healthcare and other organizations whose security and privacy needs are growing.

HGP Value Add

HGP identified Xton Technologies as an optimal acquisition target whose privileged access management solutions will fortify Imprivata’s existing digital identity framework by safeguarding and controlling access to a broader set of mission-critical resources and data.

Close
Buy-side
2020
Has Acquired

Ontellus Has Acquired Intertel

Year: 2020
Sectors: Consulting, Payer Tech & Services
Transaction Types: Buy-side

Situational Overview

Ontellus is the industry leading provider of records retrieval, supporting the entire supply chain of records procurement through data analysis. HGP was engaged to support inorganic growth initiatives to continue growing the Ontellus ecosystem of record retrieval solutions.

HGP Value Add

HGP is a long-term buy-side advisor of Ontellus and identified Intertel as an ideal medical canvassing acquisition target to expand the Ontellus solutions offering.

Close
Buy-side
2020
Has Acquired

symplr Has Acquired ComplyTrack

Year: 2020
Sectors: Infrastructure Technology
Transaction Types: Buy-side

Situational Overview

symplr, a leading healthcare governance, risk and compliance SaaS platform sought to expand their GRC capabilities by adding issue and action management, incident management, contract and document management, and audit management SaaS solutions.

HGP Value Add

Growth through acquisition is an integral part of symplr’s business strategy to deliver the industry’s leading healthcare GRC SaaS platform and HGP supported the company through their ninth acquisition.

Close
Buy-side
2020
Has Acquired

symplr Has Acquired The Patient Safety Company

Year: 2020
Sectors: Infrastructure Technology
Transaction Types: Buy-side

Situational Overview

symplr, a leading healthcare governance, risk and compliance SaaS platform sought to expand their capabilities to address the full spectrum of healthcare labor regulatory requirements.

HGP Value Add

HGP identified TPSC as an ideal acquisition target for symplr that would enable them to include patient safety and incident tracking and reporting in their end-to-end GRC platform.

Close
Buy-side
2019
Has Acquired

Omnisys Has Acquired Strand

Year: 2019
Sectors: Infrastructure Technology, Population Health Management
Transaction Types: Buy-side

Situational Overview

Omnisys, a nationally recognized leader in medical claim billing, Medicare compliance and patient engagement solutions for pharmacies, HME/DME providers and pharmaceutical manufacturers, engaged HGP to assess strategic acquisition opportunities to enhance their product portfolio.

HGP Value Add

HGP identified STRAND Clinical Technologies as an ideal acquisition for Omnisys in their shared mission to leverage the pharmacy setting to improve patient outcomes. The combined entity will provide a suite of technologies and tools to support the pharmacy’s role in care delivery, enabling community pharmacists to provide preventative care and low-acuity services traditionally performed in a doctor’s office.

Close
Buy-side
2019
Has Acquired

Accumen Has Acquired 3DR

Year: 2019
Sectors: Telemed
Transaction Types: Buy-side

Situational Overview

Accumen Inc., the market leader in healthcare performance improvement across operational, clinical, and data for healthcare, sought to expand their portfolio of capabilities focused on bringing clients meaningful savings, operational efficiencies, and improved patient care.

HGP Value Add

HGP identified 3DR Laboratories as an ideal acquisition for Accumen in further strengthening the imaging transformation service line within the Clinical Performance Business Unit. 3DR is known for high-quality and consistent expert processing, enabling radiologists to meet even the most urgent patient needs. The combined organization will continue to build on an already strong imaging transformation offering to aid clients in achieving and exceeding their cost, quality, and service targets.

Close
Sell-Side
2025
Has Been Acquired By

Compliatric Has Been Acquired By Ntracts

Year: 2025
Sectors: Infrastructure Technology
Transaction Types: Sell-Side

Situational Overview

Compliatric is a complete Healthcare Administration Operating System (HAOS) for healthcare organizations, serving as the backbone for administrative compliance management needs by providing real-time insights, automating workflows, and offering unparalleled flexibility. From tracking audits and managing training to maintaining regulatory standards, Compliatric streamlines every aspect of administrative compliance management, allowing teams to work smarter, not harder. Since 2014, Compliatric has been helping healthcare organizations by making compliance tasks seamless and stress-free, mitigating risks before they escalate, and empowering teams to achieve more with less effort—all within a single, fully integrated management platform.

HGP Value Add

HGP served as the exclusive financial advisor to Compliatric in its acquisition by Ntracts, bringing together two leading healthcare compliance solutions providers. Through a long-term strategic partnership, HGP prepared Compliatric for market and identified Ntracts as a strategic acquirer early in the engagement. By facilitating direct discussions, HGP secured an optimal outcome without a broad go-to-market process, allowing Compliatric to remain focused on serving its customers. HGP provided hands-on support throughout all phases of the transaction, from initial preparation through diligence and closing, ensuring a smooth and successful process. This acquisition strengthens compliance capabilities in the market, and HGP is proud to have played a key role in delivering a successful result.

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Sell-Side
2025

RCM Services Vendor

Has Been Acquired By

RCM Services Vendor

RCM Services Vendor Has Been Acquired By RCM Services Vendor

Year: 2025
Sectors: Revenue Cycle Management
Transaction Types: Sell-Side

Situational Overview

Confidential

HGP Value Add

Confidential

Close
Sell-Side
2025
Has Been Acquired By

Envision Technology Partners Has Been Acquired By InductiveHealth

Year: 2025
Sectors: Infrastructure Technology
Transaction Types: Sell-Side

Situational Overview

Envision Technology has 23 years of Immunization Information System (IIS) implementation, maintenance, and support experience as a leading developer of IIS software, currently supporting more than 20 of the CDC IIS awardee jurisdictions. Its flagship SaaS product, WebIZ, has been the industry standard for both IIS best practices and future technology innovation across the immunization space. Beyond development and delivery of critical public health infrastructure and immunization technology, Envision has established itself as the premier public health agency partner in terms of both service and market expertise. Through direct contracts with state and local public health departments as well as the CDC, Envision is the largest contributor of data to the CDC’s IZGateway, a cloud-based service that allows for real-time exchange of immunization data.

HGP Value Add

HGP ran a competitive auction process, supported diligence, and advised on the structure of the transaction between both firms. By integrating Envision’s immunization information system with InductiveHealth’s expertise in disease and syndromic surveillance technology, the company can now empower federal, state and local public health teams with a new platform and technology partnership that streamlines and enhances interoperability between applications. Focusing on this integrated platform can quickly move public health agencies to the forefront of data and system modernization. Further, combining disease, syndromic, and immunization datasets solves an unmet need for public health departments to predict infectious disease outbreaks in real-time.

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Sell-Side
2024

Patient Engagement Vendor

Has Been Acquired By

Patient Engagement Vendor

Patient Engagement Vendor Has Been Acquired By Patient Engagement Vendor

Year: 2024
Sectors: Population Health Management, Revenue Cycle Management
Transaction Types: Sell-Side

Situational Overview

Confidential

HGP Value Add

Confidential

Close
Capital Advisory, Sell-Side
2023
Has Been Acquired By

Cantata Has Been Acquired By TT Capital Partners

Year: 2023
Sectors: PM/EMR, Revenue Cycle Management
Transaction Types: Capital Advisory, Sell-Side

Situational Overview

Cantata offers a complete platform, including an integrated electronic health records (EHR) system, revenue cycle management (RCM), and a suite of clinical solutions that are fully configurable. Its Arize EHR solution was built for the health and human services market and with the clinician in mind. Arize allows providers of all sizes and types to customize dashboards and configure workflows to meet their unique needs.

HGP Value Add

HGP ran a competitive process, supported diligence, and advised on the structure of the transaction between Cantata and TTCP. Through the acquisition, Cantata has found a partner with deep healthcare expertise and a growth mindset that further enables the company to scale and bring their modern solutions to market.

Close
Sell-Side
2023
Has Been Acquired By

Experience Care Has Been Acquired By WellSky

Year: 2023
Sectors: PM/EMR, Revenue Cycle Management
Transaction Types: Sell-Side

Situational Overview

Experience Care is an innovative technology company offering a suite of software solutions for post-acute and long-term care providers. The company has a proven track record with its leading electronic health record (EHR) platform NetSolutions, serving 150 long-term care clients with 850 facilities.

HGP Value Add

HGP ran a competitive process, supported diligence, and advised on the structure of the transaction between Experience Care and WellSky. Through the acquisition, the two firms will enable more providers to increase operational efficiencies, improve financial performance, and turn data into meaningful information that advances resident care—further establishing WellSky as a top technology partner for post-acute and long-term care providers.

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Sell-Side
2023
Has Been Acquired By

Access eForms Has Been Acquired By Phreesia

Year: 2023
Sectors: Infrastructure Technology, Population Health Management, Revenue Cycle Management
Transaction Types: Sell-Side

Situational Overview

Access eForms is an innovative electronic forms management and automation provider that helps hospitals across the country streamline workflows, improve compliance and deliver a better patient experience. Access was founded over 20 years ago, collects more than 1.6 billion e-signatures each year, and has seamless integrations with the leading EHRs.

HGP Value Add

HGP ran a competitive auction process and supported Access throughout diligence ultimately resulting in a highly synergistic and compatible transaction with Phreesia. This transaction expands phreesia’s offerings for acute-care hospitals, continuing to drive efficiency and a better patient experience.

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Sell-Side
2023
Has Been Acquired By

openDoctor Has Been Acquired By Surgimate

Year: 2023
Sectors: Population Health Management, Revenue Cycle Management
Transaction Types: Sell-Side

Situational Overview

openDoctor offers a market-leading scheduling automation and patient engagement platform for radiology that transforms complex scheduling processes into simple, user-friendly experiences, optimizing workflows and fully automating the patient experience. The company engaged HGP to run an auction sale process.

HGP Value Add

The auction process generated multiple competitive bids and resulted in the sale to a specialty focused HIT vendor. HGP was heavily involved in all aspects of the process from inception to close.

Close
Sell-Side
2022
Has Been Acquired By

BloodHub Has Been Acquired By InVita

Year: 2022
Sectors: Infrastructure Technology, Revenue Cycle Management
Transaction Types: Sell-Side

Situational Overview

BloodHub offers a reliable, simple, and innovative supply chain SaaS platform for blood, biologics and cellular services. The solution brings blood suppliers and hospitals closer with a paperless process that is automated and transparent, backed by exceptional reliability, ease of use, smart ideas, and responsive, personalized service. The Company engaged HGP 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 Value Add

HGP ran a competitive auction process resulting in a highly synergistic and compatible transaction with InVita, backed by The Riverside Company. BloodHub adds critical order-to-cash functionality, transportation module, and its newest BloodRelay offering, which automates Immunohematology Reference Lab workflows, to InVita’s innovative blood management solution suite.

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Capital Advisory, Sell-Side
2022
Has Been Acquired By

Alivia Analytics Has Been Acquired By Council Capital/Health Enterprise Partners

Year: 2022
Sectors: Payer Tech & Services
Transaction Types: Capital Advisory, Sell-Side

Situational Overview

Alivia provides a next-generation technology platform ensuring the accuracy of healthcare payments and leading the fight against fraud, waste, abuse and error in healthcare claims. The Company was seeking partners to provide capital and talent to reach the next level of success, expand its mission of providing superb technological innovation, and outstanding customer service.

HGP Value Add

HGP facilitated the investment and partnership process between Alivia, Health Enterprise Partners and Council Capital to establish the company’s market leadership position in payment integrity and to provide liquidity to Alivia’s investors. The industry veteran Michael Taylor, MD, an Executive-in-Residence at the firms who assisted with the search for a leading company in the payment integrity and fraud, waste and abuse space, joins as the Chief Executive Officer.

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Sell-Side
2022
Has Been Acquired By

MoveSpring Has Been Acquired By Reward Gateway

Year: 2022
Sectors: Benefits Management, Population Health Management
Transaction Types: Sell-Side

Situational Overview

MoveSpring offers an entertaining, easy-to-use and scalable wellbeing and activity challenge platform for employers, combining an end-user-oriented approach with elements of gamification and community-building around fitness.

HGP Value Add

HGP ran a competitive auction process resulting in a highly synergistic and compatible transaction with Reward Gateway. With this acquisition, Reward Gateway will offer one of the most comprehensive, end-to-end employee engagement platforms available to support companies of all sizes, all over the world.

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Sell-Side
2021
Has Been Acquired By

ERExpress Has Been Acquired By Harris Computer

Year: 2021
Sectors: Infrastructure Technology, Population Health Management
Transaction Types: Sell-Side

Situational Overview

ER Express delivers a cloud-based patient acquisition platform for large multi-campus health systems that increases revenue by driving new patient volume and improving patient satisfaction.

HGP Value Add

HGP ran a competitive process and supported the transaction between ER Express and Harris Computer. Through the acquisition, Harris adds patient engagement solutions for emergency, urgent care and animal health environments.

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