HEALTHCARE IT SECTOR REVIEW | Q1 2019 ¢â‚¬¢ Healthcare technology assets...

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  • HEALTHCARE IT SECTOR REVIEW | Q1 2019

  • T E C H N O L O G Y , M E D I A & T E L E C O M PAGE | 1

    HEALTHCARE IT SECTOR REVIEW | Q1 2019

    K E Y C O N T A C T S

    Managing Director tdewing@harriswilliams.com

    Office: (617) 654-2112

    Managing Director shendler@harriswilliams.com

    Office: (617) 654-2117

    Managing Director mwilkins@harriswilliams.com

    Office: (415) 217-3411

    Managing Director tmonjauze@harriswilliams.com

    Office: +44 (0) 20 7518 8901

    M A R K E T C O M M E N T A R Y

    • Healthcare technology assets continue to garner significant interest from both strategic and financial sponsors, as increasing regulatory complexity, ongoing technology adoption by constituents across healthcare, and the pervasive evolution towards value-based care underpin growth opportunities for innovative software tools

    • Continued investor appetite for specialty and sector-specific EMR and revenue cycle management solutions, as providers demonstrate a clear preference for purpose-built, best-of-breed solutions

    • Healthcare organizations continue to extend their focus beyond price and quality of care, with an increasing focus on patient and provider engagement and educational tools

    • Sector innovations continue to target niche operational challenges including patient and staff management and monitoring, and compliance control solutions for vendors and clinicians

    • Increasingly complex reimbursement arrangements in the face of rising healthcare costs have supported strong payer interest in specialized cost containment and payment integrity solutions

    H A R R I S W I L L I A M S ( “ H W ” ) A S A F I R M T E C H N O L O G Y , M E D I A & T E L E C O M ( “ T M T ” ) G R O U P

    • 330+ professionals across eight offices globally

    • 140+ closed transactions in the last 24 months

    • 21st record year in 2018

    • 98% of revenue is from sell-side M&A advisory

    • 10 industry groups

    • 14 $1bn+ enterprise value engagements in the last 18 months

    • 35+ professionals across Boston, San Francisco, and London

    • 50+ closed transactions since the beginning of 2016

    • Education Technology • Fintech • Healthcare IT • Human Capital Management • Internet & Digital Media

    • Manufacturing Technology • Membership Management • Public Sector Software • Supply Chain, Transportation & Logistics • Infrastructure and Security Software

    K E Y H C I T C O N T A C T S :

    Director joussadon@harriswilliams.com

    Office: 44 (0)20 7518 8909

    Director eszyndlar@harriswilliams.com

    Office: (415) 217-3418

    Managing Director shendler@harriswilliams.com

    Office: (617) 654-2117

    Director dlinsalata@harriswilliams.com

    Office: (617) 654-2122

    mailto:mwilkins@harriswilliams.com mailto:shendler@harriswilliams.com mailto:tmonjauze@harriswilliams.com mailto:tdewing@harriswilliams.com mailto:joussadon@harriswilliams.com mailto:eszyndlar@harriswilliams.com mailto:mwilkins@harriswilliams.com mailto:mwilkins@harriswilliams.com

  • T E C H N O L O G Y , M E D I A & T E L E C O M PAGE | 2

    HEALTHCARE IT SECTOR REVIEW | Q1 2019

    R E C E N T R E P R E S E N T A T I V E H W H C I T T R A N S A C T I O N S

    Select Market Participants

     Member Onboarding / Portals  Patient Outreach & Campaigns  Patient Engagement /

    Education  Digital Wellness Tools  Benefits & Consumer-Directed

    Healthcare Tools  Information Tools & Online

    Media

    Select Market Participants

     Operational Efficiency  Inpatient – Clinical  Outpatient – Clinical  Post-Acute – Clinical

    Select Market Participants

     Development  Trials  Commercialization  Adherence  Regulatory

    Select Market Participants

     Charge Capture & Coding  Claims Management  Adjudication / Appeal / Review  Payment Processing  Patient Collection  Other RCM Tools  Regulatory & Analytics

    Select Market Participants

     PHM Informatics  Data Aggregation &

    Normalization  Privacy / Security  Information Sharing /

    Interoperability  Population Analytics  Care Coordination

    has been acquired by

    Provider of SaaS solutions to the behavioral health industry

    &

    Provider of population health management solutions

    has been acquired by

    a wholly-owned affiliate of

    has been acquired by

    Provider of patient engagement solutions

    has been acquired by

    Provider of cost containment solutions for healthcare payers

    has been acquired by

    Provider of online nutrition coaching and certifications for wellness professionals and consumers

    has acquired

    Provider of healthcare credentialing and payer enrollment solutions

    has been acquired by

    Provider of education and GRC solutions

    has been acquired by

    Provider of athlete training services

    has been acquired by

    Provider of market access and formulary information to pharma, payers, and providers

    Provider of incident reporting and risk management software

    has invested in

    has acquired

    Provider of healthcare- specific workforce management software

    has been acquired by

    Provider of GRC solutions for healthcare, life sciences, and higher education

    http://www.google.co.in/url?sa=i&rct=j&q=&esrc=s&source=images&cd=&cad=rja&uact=8&ved=0ahUKEwjjy_Sw4vPJAhVGB44KHcRGDpIQjRwIBw&url=http://thestarrconspiracy.com/&psig=AFQjCNH4nM6Ctw8_DENd1hhO9SFc0ua4Dw&ust=1451021456583161 https://www.google.co.in/url?sa=i&rct=j&q=&esrc=s&source=images&cd=&cad=rja&uact=8&ved=0ahUKEwi7jeP_9vHJAhUGCY4KHb3yCToQjRwIBw&url=https://theunbiasedblog.wordpress.com/2013/05/20/see-what-light-can-do-philips-india-showcases-home-decorative-lightning/&psig=AFQjCNHYyfFv55VjYEBhswdvE_5YTLPr2Q&ust=1450958195718376 http://www.google.co.in/url?sa=i&rct=j&q=&esrc=s&source=images&cd=&cad=rja&uact=8&ved=0ahUKEwiLu8S1xvHJAhWUvo4KHQ5SCVEQjRwIBw&url=http://symposium.mdsol.com/&bvm=bv.110151844,d.c2E&psig=AFQjCNGBbXMFRbXlCI1aIcoDbg8VG0xrdg&ust=1450945235226931 http://www.google.co.in/url?sa=i&rct=j&q=&esrc=s&source=images&cd=&cad=rja&uact=8&ved=0ahUKEwjvtaiwo_HJAhWMG44KHdsCCUcQjRwIBw&url=http://federal.hms.com/about-us/&bvm=bv.110151844,d.c2E&psig=AFQjCNG0X_h7wSiOiaSKYm7PDAVmMml2dg&ust=1450935789996415 http://www.google.co.in/url?sa=i&rct=j&q=&esrc=s&source=images&cd=&cad=rja&uact=8&ved=0ahUKEwiE2JOu4_HJAhXMGI4KHXn7CE0QjRwIBw&url=http://payspan.com/&psig=AFQjCNFyP_cBP9B25-AUN3Qb_SrJ15KBhw&ust=1450953011780984

  • T E C H N O L O G Y , M E D I A & T E L E C O M PAGE | 3

    HEALTHCARE IT SECTOR REVIEW | Q1 2019

    H W D E A L C O N T A C T S

    iContracts is a leading cloud-based governance, risk, and compliance (“GRC”) platform with horizontal applicability and established footprints in healthcare, life sciences, and higher education. iContracts provides a comprehensive suite of solutions to aggregate contracts and policies, author, edit, and review key provisions, and drive adherence, enabling customers to minimize revenue leakage, increase operational efficiency, and ensure regulatory compliance.

    R E L E V A N T H E A L T H C A R E I T S U B - S E C T O R S

    C O M P A N Y O V E R V I E W

    a portfolio company of

    has been acquired by

    Managing Director shendler@harriswilliams.com

    Office: (617) 654-2117

    Director dlinsalata@harriswilliams.com

    Office: (617) 654-2122

    Managing Director tdewing@harriswilliams.com

    Office: (617) 654-2133

     Technology-driven platform that leverages proprietary workflow and automation capabilities, configurable metadata markers, and standardization tools

     Market-leading footprint and blue-chip customer base across pharma, healthcare, and higher education markets

     Substantial growth opportunity in existing vertical markets through cross-sell opportunities and broadening of product suite

     Focused and actionable strategy for vertical expansion into highly regulated and complex end markets

     Strong financial profile with significant organic and inorganic annual rate of return growth, expanding margins, solid retention, and low customer concentration

     Highly talented management team with a strong track-record of operational excellence

    K E Y V A L U E D R I V E R S

    a portfolio company of

    HW’s TMT Group advised iContracts on its acquisition by RLDatix, a portfolio company of TA Associates and Five Arrows.

    mailto:tdewing@harriswilliams.com mailto:tdewing@harriswilliams.com mailto:tdewing@harriswilliams.com

  • T E C H N O L O G Y , M E D I A & T E L E C O M PAGE | 4

    HEALTHCARE IT SECTOR REVIEW | Q1 2019 C

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