Transactions
December 2016
Adreima Has Been Acquired By nThrive
Company Description
Adreima provides end-to-end technology-enabled Revenue Cycle Management (RCM) services to over 450 hospitals and health systems across the United Sates. Prior to evaluating its strategic alternatives with TripleTree, the Company had successfully executed a strategy of acquisitions and service innovation to create a broad portfolio of 20 distinct offerings across 3 focused solutions areas spanning patient access, clinical and revenue integrity, and consumer engagement.
Objectives
TripleTree was engaged by Adreima and its financial sponsor, Waud Capital Partners, as the Company’s exclusive financial advisor based on its deep industry expertise and long history of advising innovative companies within the RCM software and outsourcing market segment. TripleTree successfully assisted Adreima by drawing interest from a broad array of strategic and private equity buyers by highlighting the Company’s unique capabilities as well as its differentiated competitive position and scale.
Results
In a competitive process, nThrive, an RCM solutions company backed by Pamplona Capital Management, ultimately prevailed as the ideal partner for Adreima. nThrive distinguished itself because of strong synergies between the two businesses, and its appreciation for how Adreima will substantially enhance its capabilities in patient access, self-pay, and consumer engagement. Together, nThrive and Adreima will offer the market the broadest suite of RCM solutions of any private and independent RCM business in the market place.
LEAD INVESTMENT BANKERS
Seth Kneller
Company Description
Adreima provides end-to-end technology-enabled Revenue Cycle Management (RCM) services to over 450 hospitals and health systems across the United Sates. Prior to evaluating its strategic alternatives with TripleTree, the Company had successfully executed a strategy of acquisitions and service innovation to create a broad portfolio of 20 distinct offerings across 3 focused solutions areas spanning patient access, clinical and revenue integrity, and consumer engagement.
Objectives
TripleTree was engaged by Adreima and its financial sponsor, Waud Capital Partners, as the Company’s exclusive financial advisor based on its deep industry expertise and long history of advising innovative companies within the RCM software and outsourcing market segment. TripleTree successfully assisted Adreima by drawing interest from a broad array of strategic and private equity buyers by highlighting the Company’s unique capabilities as well as its differentiated competitive position and scale.
Results
In a competitive process, nThrive, an RCM solutions company backed by Pamplona Capital Management, ultimately prevailed as the ideal partner for Adreima. nThrive distinguished itself because of strong synergies between the two businesses, and its appreciation for how Adreima will substantially enhance its capabilities in patient access, self-pay, and consumer engagement. Together, nThrive and Adreima will offer the market the broadest suite of RCM solutions of any private and independent RCM business in the market place.
LEAD INVESTMENT BANKERS
Seth Kneller
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