Harris Williams & Co. Advises Capario, Inc. on its Pending Sale to Emdeon Inc.
Harris Williams & Co., a preeminent middle market investment bank focused on the advisory needs of clients worldwide, announces that Capario, Inc. (Capario), an innovative company providing industry-leading healthcare technology solutions and portfolio company of Marlin Equity Partners, has entered into a definitive agreement to be acquired by Emdeon Inc. (Emdeon). The closing of the transaction is subject to regulatory approval and customary closing conditions. The transaction is expected to close in the third quarter of 2014 and is being led by Jeff Bistrong, Sam Hendler, Tyler Dewing, and Priyanka Naithani of Harris Williams & Co.’s Technology, Media and Telecom (TMT) Group.
“We are thrilled to have had the opportunity work with Capario and to represent Marlin on a second successful Healthcare IT (HCIT) exit in as many years,” said Jeff Bistrong, a managing director and head of Harris Williams & Co.’s TMT group. “Repeat clients are the cornerstone relationships of our firm and are the base upon which we have built our franchise.”
“Capario’s leading suite of cloud-based tools and analytics enables providers and payers to more efficiently manage the entire revenue cycle workflow, from patient check-in through final remittance,” said Sam Hendler, a director in Harris Williams & Co.’s TMT Group and leader of the firm’s HCIT practice. “Leveraging technology driven solutions will be critical for providers and payers alike to successfully navigate ICD-10 and address changing payment models as the healthcare ecosystem continues its evolution towards greater accountability and cost transparency.”
Headquartered in Santa Ana, CA, with offices in Richmond, VA, Capario has provided industry-leading technology solutions to help healthcare providers get paid more quickly and accurately for more than 20 years. Through CaparioOneSM, its proprietary, cloud-based application suite and underlying technology platform, Capario offers customers the ability to manage their entire revenue cycle with a single solution.
Marlin Equity Partners is a global investment firm with over $3 billion of capital under management. The firm is focused on providing corporate parents, shareholders and other stakeholders with tailored solutions that meet their business and liquidity needs. Marlin primarily invests in businesses that are in the process of undergoing varying degrees of operational, financial or market-driven change where their capital base, industry relationships and extensive network of operational resources will significantly strengthen a company's outlook and enhance value.
Emdeon is a leading provider of revenue and payment cycle management and clinical information exchange solutions, connecting payers, providers, pharmacies and patients in the U.S. healthcare system. Emdeon's offerings integrate and automate key business and administrative functions of its payer, provider and pharmacy customers throughout the patient encounter. Through the use of Emdeon's comprehensive suite of solutions, which are designed to easily integrate with existing technology infrastructures, customers are able to improve efficiency, reduce costs, increase cash flow and more efficiently manage the complex revenue and payment cycle and clinical information exchange processes.
Harris Williams & Co. (www.harriswilliams.com), a member of The PNC Financial Services Group, Inc. (NYSE:PNC), is a preeminent middle market investment bank focused on the advisory needs of clients worldwide. The firm has deep industry knowledge, global transaction expertise and an unwavering commitment to excellence. Harris Williams & Co. provides sell-side and acquisition advisory, restructuring advisory, board advisory, private placements and capital markets advisory services.
Harris Williams & Co.’s TMT Group has experience across a broad range of sectors, including software, internet and digital media and infrastructure solutions. Within these segments, the TMT Group focuses on targeted subsectors including application software, data and informatics, eCommerce, education technology, energy technology, financial technology, healthcare IT, infrastructure software, IT and tech-enabled services, mobile, online advertising and marketing services, public sector software and telecom, data center and networking solutions. For more information on the firm’s TMT Group and other recent transactions, visit the TMT Group’s section of the Harris Williams & Co. website.
Investment banking services are provided by Harris Williams LLC, a registered broker-dealer and member of FINRA and SIPC, and Harris Williams & Co. Ltd, which is authorised and regulated by the Financial Conduct Authority. Harris Williams & Co. is a trade name under which Harris Williams LLC and Harris Williams & Co. Ltd conduct business.