Transactions
August 26 2014
Strategic Healthcare Programs Acquired By Roper Industries
Company Description
Strategic Healthcare Programs LLC (“SHP”) provides the post-acute market’s only integrated analytics software and survey administration offering that aggregates, analyzes and benchmarks clinical, financial, operational and satisfaction data. By enabling post-acute agencies to address clinical, operational and financial inefficiencies on a single, integrated platform, SHP empowers healthcare organizations to improve patient outcomes, care efficacy, profitability and patient satisfaction as well as maximize reimbursement. As a result of serving the largest collection of home health and hospice agencies, SHP has developed one of the prost-acute market’s largest proprietary dataset that yields unmatched analytical and benchmarking capabilities.
Multiple industry dynamics and regulatory movements, including an increased focus on clinical outcomes, cost reduction and patient satisfaction, the need for clinical automation and integration / interoperability, and reimbursement maximization are driving significant demand for integrated clinical and financial analytics. SHP is well positioned to benefit from these market trends as it has become the de facto standard in the post-acute industry for clinical, operational and financial improvements that enhance patient outcomes, care efficiency and patient satisfaction.
Objectives
SHP and its financial sponsor, Cressey & Company, engaged TripleTree to assess timing considerations and strategic options for the Company. TripleTree was chosen as the exclusive advisor to SHP due to its unparalleled experience in working with rapidly growing healthcare analytics companies benefiting from regulatory shifts as well as its deep patient experience and post-acute care expertise. The Company’s primary considerations for this transaction were selecting a partner with a shared vision of the future and the capabilities to build upon and supplement SHP’s core technologies.
Results
After assessing several highly qualified candidates, SHP chose to partner with Roper Industries (“Roper”). Roper is a $14.5B market capitalization company that provides technology-led products and solutions for global niche markets, including software, medical, water, energy and transportation. The unique solutions and proprietary content that SHP has developed over the past 18 years will be a powerful tool for Roper Industries; both as a standalone asset and as a complementary offering to their largest healthcare subsidiary, Managed Healthcare Associates. SHP will leverage the size, scale and reach of Roper in order to further penetrate its core markets, as well as expand into new, adjacent markets.
LEAD INVESTMENT BANKERS
Ashish Varshneya
Scott Donahue
Company Description
Strategic Healthcare Programs LLC (“SHP”) provides the post-acute market’s only integrated analytics software and survey administration offering that aggregates, analyzes and benchmarks clinical, financial, operational and satisfaction data. By enabling post-acute agencies to address clinical, operational and financial inefficiencies on a single, integrated platform, SHP empowers healthcare organizations to improve patient outcomes, care efficacy, profitability and patient satisfaction as well as maximize reimbursement. As a result of serving the largest collection of home health and hospice agencies, SHP has developed one of the prost-acute market’s largest proprietary dataset that yields unmatched analytical and benchmarking capabilities.
Multiple industry dynamics and regulatory movements, including an increased focus on clinical outcomes, cost reduction and patient satisfaction, the need for clinical automation and integration / interoperability, and reimbursement maximization are driving significant demand for integrated clinical and financial analytics. SHP is well positioned to benefit from these market trends as it has become the de facto standard in the post-acute industry for clinical, operational and financial improvements that enhance patient outcomes, care efficiency and patient satisfaction.
Objectives
SHP and its financial sponsor, Cressey & Company, engaged TripleTree to assess timing considerations and strategic options for the Company. TripleTree was chosen as the exclusive advisor to SHP due to its unparalleled experience in working with rapidly growing healthcare analytics companies benefiting from regulatory shifts as well as its deep patient experience and post-acute care expertise. The Company’s primary considerations for this transaction were selecting a partner with a shared vision of the future and the capabilities to build upon and supplement SHP’s core technologies.
Results
After assessing several highly qualified candidates, SHP chose to partner with Roper Industries (“Roper”). Roper is a $14.5B market capitalization company that provides technology-led products and solutions for global niche markets, including software, medical, water, energy and transportation. The unique solutions and proprietary content that SHP has developed over the past 18 years will be a powerful tool for Roper Industries; both as a standalone asset and as a complementary offering to their largest healthcare subsidiary, Managed Healthcare Associates. SHP will leverage the size, scale and reach of Roper in order to further penetrate its core markets, as well as expand into new, adjacent markets.
LEAD INVESTMENT BANKERS
Ashish Varshneya
Scott Donahue
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