Acquisition of Healthcare Payment Specialists, LLC

Healthcare
Acquisition of Healthcare Payment Specialists, LLC

Summary

Baird served as exclusive financial advisor to TransUnion on this transaction

About

TransUnion (NYSE: TRU) (or the “Company”) recently acquired Healthcare Payment Specialists, LLC (“HPS”), a portfolio company of Nautic Partners LLC (“Nautic”). Terms of the transaction were not disclosed.

TransUnion Healthcare, a wholly owned subsidiary of the Company is a trusted provider of Healthcare Revenue Protection™ solutions for maximizing reimbursement, improving patient engagement, and preventing revenue leakage. TransUnion is a leading global risk and information solutions company founded in 1968. The Company has analytical capabilities and information that help businesses make more informed decisions, and consumers gain access to products and services. TransUnion believes in using information to help people make better decisions that can transform their lives and fuel thriving economies around the world. TransUnion is headquartered in Chicago, Illinois.

Founded in 2002, HPS provides technology-enabled solutions for healthcare eligibility, government reimbursement and compliance to hospitals and healthcare systems across the country. Using its STINGRAY software platform, HPS delivers solutions on a software-as-a-service (SaaS) basis or through outsourced service engagements. HPS is headquartered in Fort Worth, Texas.

Nautic is a middle-market private equity firm that focuses on three industries: healthcare, industrial products and outsourced services. Nautic has completed over 130 platform transactions since its founding in 1986. Nautic’s strategy is to partner with management teams to accelerate the growth trajectory of its portfolio companies via add-on acquisitions, targeted operating initiatives and increased management team depth. Nautic is headquartered in Providence, Rhode Island.
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Healthcare
Acquisition of Healthcare Payment Specialists, LLC
Date
June 2018
Company
TransUnion
Transaction
M&A
Sectors
Healthcare
Target Location
North America
Acquiror Location
North America

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