William Blair acted as exclusive financial advisor to Corepoint Health (Corepoint), a portfolio company of Audax Group, in connection with its merger with Rhapsody Health, a portfolio company of HgCapital. The transaction closed on June 25, 2019.
Transaction Highlights
- Deep relationships and sector experience: Corepoint was attracted to William Blair's deep expertise in the healthcare technology space, particularly its highly relevant transaction track record across healthcare software, as well as its extensive relationships with the potential strategic and financial buyer universe.
- Process and positioning excellence: William Blair designed and managed a competitive, efficient process with a broad group of financial and strategic acquirers, successfully positioning Corepoint as the premier solution to address interoperability imperatives across the healthcare system. This effort resulted in an outcome that maximized management's and shareholders' objectives with minimal business disruption. The company attracted significant buyer interest and the customized marketing effort resulted in a highly successful outcome.
- Trusted guidance: William Blair's transaction team was integrally involved throughout each step of the transaction process, including close collaboration with management in developing marketing materials, coordinating due diligence with multiple parties, and negotiating key contract terms.
About the Companies
Based in Frisco, Texas, Corepoint Health is a leading provider of healthcare data integration software enabling healthcare organizations to share information internally and externally across disparate healthcare systems. Corepoint has been ranked the number one integration engine by KLAS Research for 10 consecutive years and has the highest rating of all healthcare software vendors.
Rhapsody Health, based in Boston, Massachusetts, is a healthcare-focused interoperability software platform that enhances healthcare ecosystems through seamless data connectivity.
HgCapital is a sector expert investor, committed to helping build ambitious businesses across the technology, services and industrial technology space, primarily in Europe. Based in London and Munich, Hg has funds under management of £10 billion serving some of the world's leading institutional and private investors.
Learn more about our healthcare investment banking expertise