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 advises on strategic and institutional capital transactions that generate high strategic value, shareholder and cultural alignment, and long-term value creation.

Other Transactions

Sell-Side
2024

Patient Engagement Vendor

Has Been Acquired By

Patient Engagement Vendor

Buy-side
2024

Cost Containment Vendor

Has Acquired

Payment Integrity Vendor

Capital Advisory, Sell-Side
2023
Has Been Acquired By
Sell-Side
2023
Has Been Acquired By
Sell-Side
2023
Has Been Acquired By
Buy-side
2023
Has Acquired
Sell-Side
2023

Patient Engagement Vendor

Has Been Acquired By

HIT Specialty Software Vendor

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

Patient Engagement Vendor

Has Been Acquired By

Patient Engagement VendorPatient 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

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Buy-side
2024

Cost Containment Vendor

Has Acquired

Payment Integrity VendorCost Containment 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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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.

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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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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.

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Sell-Side
2023

Patient Engagement Vendor

Has Been Acquired By

HIT Specialty Software VendorPatient Engagement Vendor

Patient Engagement Vendor Has Been Acquired By HIT Specialty Software Vendor

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

Situational Overview

A patient engagement software vendor focused on clinical specialties 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. Once announced, HGP will share more details.

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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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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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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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