Harris Williams, a world wide financial commitment lender specializing in M&A advisory providers, announces it advised TractManager, a portfolio company of Arsenal Cash Partners (Arsenal), on its sale to symplr, a portfolio corporation of Clearlake Funds Group, L.P. (Clearlake). TractManager’s technological know-how and specialist companies optimize the company of healthcare as a result of contracting, sourcing and company management options. The transaction was led by Sam Hendler, Dan Linsalata, Jake Lin and Owen Hughes of the Harris Williams Technology Team.
As the healthcare industry has progressed in the very last 10 years, operational optimization know-how alternatives “ covering labor, devote and compliance administration “ have rapidly occur to the fore as a strategic precedence for provider organizations, explained Sam Hendler, a managing director at Harris Williams. This transaction continues Harris Williams keep track of history of representing best-in-class program suppliers and buyers in this essential subsector of healthcare IT.
The sale to symplr is a incredible validation of the deliberate strategy that Arsenal and the TractManager management group have set in spot around the last several years, included Dan Linsalata, a director at Harris Williams. It was a enjoyment to perform with the TractManager and Arsenal groups and we seem ahead to looking at the organization carry on to evolve less than new ownership.
TractManager’s health care-specific application suite serves three out of 5 U.S. hospitals. Serving the health care market with integrity for a lot more than 30 a long time, TractManager is the 1st mover in strategic sourcing, enterprise agreement lifecycle management, company administration and evidence-centered info. The company’s additional than 450 remarkably expert and knowledgeable specialists assist customers to enhance income flows by lessening their cash and nonlabor fees and to conform their contract, plan and technique administration to satisfy regulatory prerequisites.
Arsenal is a foremost private fairness firm that specializes in investments in healthcare and specialty industrials providers. Due to the fact its inception in 2000, Arsenal has lifted institutional equity financial commitment resources of $5.3 billion, done additional than 200 platform and add-on investments and obtained extra than 30 realizations. Arsenal invests in industry sectors in which the company has important prior expertise and encounter. The agency performs with administration teams to build strategically crucial companies with main industry positions, superior progress and large price-add.
Started in 2006, symplr is a world leader in health care governance, risk management and compliance (GRC) SaaS options. symplr focuses on a solitary mission: to make health care GRC simpler and far more successful for the world health care group. The symplr system features options that span service provider information administration, company credentialing expert services, compliance, client basic safety, workforce management and seller administration. Its shoppers rely on symplr every day to assistance protect and streamline their businesses with responsible and ground breaking GRC options.
Clearlake is a main financial commitment agency launched in 2006 working integrated enterprises throughout personal fairness, credit rating and other relevant techniques. With a sector-focused approach, the business seeks to companion with globe-class administration groups by delivering affected individual, prolonged-expression money to dynamic companies that can gain from Clearlake’s operational advancement method, O.P.S. The firm’s main concentrate on sectors are technologies, industrials and customer. Clearlake at this time has around $25 billion of belongings under administration and its senior investment decision principals have led or co-led more than 200 investments. The business has workplaces in Santa Monica, California and Dallas.
Harris Williams, an expenditure financial institution specializing in M&A advisory companies, advocates for sellers and customers of corporations around the world by crucial milestones and supplies thoughtful assistance through the life of their businesses. By collaborating as one particular company across Market Teams and geographies, the company helps its consumers reach outcomes that assistance their objectives and strategically create value. Harris Williams is dedicated to execution excellence and to constructing enduring, valued associations that are based on mutual trust. Harris Williams is a subsidiary of the PNC Fiscal Services Group, Inc. (NYSE: PNC).
The Harris Williams Technology Team advises primary private and community organizations, business owners, personal fairness companies and undertaking cash corporations on mergers and acquisitions and cash-raising transactions throughout the world. The Engineering Group has deep area experience in the IT Services, Program/SaaS and World-wide-web & Digital Media segments, with specific emphasis on distinct verticals such as schooling technology, data analytics, energy technological innovation, fintech, community sector, and supply chain/logisticswith a focused healthcare technology (HCIT) follow. Throughout verticals, the business also advises technological know-how services and networking remedies corporations. For much more information on the Technological know-how Team and its new transactions, pay a visit to the Technological know-how Groups part of the Harris Williams web-site.
Harris Williams LLC is a registered broker-seller and member of FINRA and SIPC. Harris Williams & Co. Ltd is a private minimal company integrated less than English legislation with its registered office at 8th Floor, 20 Farringdon Road, London EC4A 4AB, Uk, registered with the Registrar of Businesses for England and Wales (registration selection 07078852). Harris Williams & Co. Ltd is authorized and controlled by the Monetary Conduct Authority. Harris Williams & Co. Corporate Finance Advisors GmbH is registered in the business sign up of the community court of Frankfurt am Primary, Germany, underneath HRB 107540. The registered handle is Bockenheimer Landstrasse 33-35, 60325 Frankfurt am Primary, Germany (email tackle: [email protected]). Gesch¤ftsf¼hrer/Directors: Jeffery H. Perkins, Paul Poggi. (VAT No. DE321666994). Harris Williams is a trade title under which Harris Williams LLC, Harris Williams & Co. Ltd and Harris Williams & Co. Company Finance Advisors GmbH perform company.
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