Transactions
October 2007
EHR Recapitalized By ABRY
Company Description
Executive Health Resources, Inc. (EHR), based outside of Philadelphia, PA, provides hospitals and health systems with an outsourced operational and clinical resource to address their greatest regulatory compliance and financial issues. The Company offers various regulatory compliance, concurrent clinical denials management, retrospective clinical management, and length of stay management programs to more than 300 healthcare institutions throughout the U.S.
Objectives
Although there are a myriad of software, BPO, and consulting services firms competing for business in the healthcare revenue cycle sector, EHR stands apart in the industry as having created a unique business with essentially no competitors and a significant first-to-market advantage. With a substantial base of recurring revenue, the management team at EHR realized the time had come to consider a strategic partner that could help them fully capitalize on the Company’s rapid growth and exceptionally high earnings visibility. Their disposition was that only a large strategic acquirer could provide the resources and support necessary to fulfill their objectives.
TripleTree is recognized as an investment bank with deep industry experience and exceptional transactional expertise. Understanding the healthcare and BPO markets at a high level, the firm identified synergies with partners and industries other than the obvious. With EHR’s attractive marketplace valuation and proven management team, TripleTree decided that the most strategically relevant approach for EHR to continue its growth in healthcare services and information sectors would be a recapitalization.
Results
ABRY Partners, a leading private equity firm based in Boston, MA, made a significant equity investment in EHR. The ABRY investment will maximize growth potential for the Company and result in a bona fide assurance of revenue integrity for hospitals and institutions from managed care, Medicare, and Medicaid policies that historically have created a divide between hospitals and treating physicians. EHR is now positioned to become the “industry standard” for compliance and revenue integrity in the hospital market.
LEAD INVESTMENT BANKERS
David Brownlie
Seth Kneller
Company Description
Executive Health Resources, Inc. (EHR), based outside of Philadelphia, PA, provides hospitals and health systems with an outsourced operational and clinical resource to address their greatest regulatory compliance and financial issues. The Company offers various regulatory compliance, concurrent clinical denials management, retrospective clinical management, and length of stay management programs to more than 300 healthcare institutions throughout the U.S.
Objectives
Although there are a myriad of software, BPO, and consulting services firms competing for business in the healthcare revenue cycle sector, EHR stands apart in the industry as having created a unique business with essentially no competitors and a significant first-to-market advantage. With a substantial base of recurring revenue, the management team at EHR realized the time had come to consider a strategic partner that could help them fully capitalize on the Company’s rapid growth and exceptionally high earnings visibility. Their disposition was that only a large strategic acquirer could provide the resources and support necessary to fulfill their objectives.
TripleTree is recognized as an investment bank with deep industry experience and exceptional transactional expertise. Understanding the healthcare and BPO markets at a high level, the firm identified synergies with partners and industries other than the obvious. With EHR’s attractive marketplace valuation and proven management team, TripleTree decided that the most strategically relevant approach for EHR to continue its growth in healthcare services and information sectors would be a recapitalization.
Results
ABRY Partners, a leading private equity firm based in Boston, MA, made a significant equity investment in EHR. The ABRY investment will maximize growth potential for the Company and result in a bona fide assurance of revenue integrity for hospitals and institutions from managed care, Medicare, and Medicaid policies that historically have created a divide between hospitals and treating physicians. EHR is now positioned to become the “industry standard” for compliance and revenue integrity in the hospital market.
LEAD INVESTMENT BANKERS
David Brownlie
Seth Kneller
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