William Blair acted as exclusive financial advisor to HHAeXchange (HHA), a portfolio company of Cressey & Company (Cressey), in connection with its pending strategic investment from Hg. The transaction was announced on September 14, 2021 and is expected to close in the coming weeks.
About the Companies
HHAeXchange is a leading provider of homecare management solutions for payers, providers, and state Medicaid agencies. The company offers a comprehensive software as a service (SaaS) platform to its customers that improves patient outcomes, drives operational efficiency, and increases compliance across the homecare ecosystem. Its solutions are delivered through subscription-based enterprise and mobile tools and facilitate over 125 million annual visits for 650,000 caregivers across more than 44 states. Today, HHA has global offices across North America, Europe, and Asia.
Cressey & Company is a private investment firm focused on building leading healthcare services and information technology businesses. With a history spanning nearly 40 years, the Cressey & Company team is one of the most experienced and successful in the healthcare private equity field.
Hg is a leading investor in software and services with deep technology expertise, complemented by vertical application specialization and dedicated operational support. Hg has funds under management of over $37 billion, with an investment team of over 140 professionals, plus a portfolio team of more than 35 operators. Based in London, Munich, and New York, Hg has a portfolio of over 35 software and technology businesses, with over 55,000 employees globally.
Learn more about our healthcare services and healthcare IT investment banking expertise.