Baird's Investment Banking Group is pleased to announce the following transaction:

Date:
November 2021
Company:
Rectangle Health
Description:
Investment from GI Partners
Sector(s):
Healthcare
Baird served as financial advisor to Rectangle Health on this transaction

Rectangle Health, (the “Company”), a portfolio company of TA Associates (“TA”) received an investment from GI Partners. Terms of the transaction have not been disclosed.

Rectangle Health is a leading healthcare technology company that empowers medical, dental and specialty practices with seamless and secure technology to drive revenue by increasing patient payments and streamlining practice management and payment processing. The Company's innovative solutions have reduced administrative burden and rebalanced the ledger for its thousands of healthcare providers in the U.S., reliably processing billions of dollars in payments annually. The Company was founded in 1993 and is headquartered in Valhalla, New York.

TA is a leading global growth private equity firm. Focused on targeted sectors within five industries – technology, healthcare, financial services, consumer, and business services – TA invests in profitable, growing companies with opportunities for sustained growth, and has invested in more than 550 companies around the world. Investing as either a majority or minority investor, TA employs a long-term approach, utilizing its strategic resources to help management teams build lasting value in high quality growth companies. TA has raised $47.5 billion in capital since its founding in 1968. TA has more than 100 investment professionals and is headquartered in Boston with offices in Menlo Park, London, Mumbai, and Hong Kong.

GI Partners has raised over $29 billion in capital from leading institutional investors around the world to invest in private equity, real estate, and data infrastructure strategies. The private equity team invests primarily in companies in the healthcare, IT infrastructure, services, and software sectors. GI Partners was founded in 2001 and is headquartered in San Francisco, California with offices in New York, New York, Chicago, Illinois, Greenwich, Connecticut, and Scottsdale, Arizona.

For additional information about this transaction, please contact:

James Weck +1-312-623-0159
Will Cauthen +1-336-339-0599
Bill Suddath +1-404-518-1349
Les Cheek +1-339-225-2146