Deal Details

Sale to RevSpring, Inc.

Healthcare

Sale to RevSpring, Inc.

Summary

Baird served as lead financial advisor to Apex Revenue Technologies on this transaction

About

Apex Revenue Technologies (“Apex” or the “Company”), a portfolio company of WestView Capital Partners (“WestView”), was acquired by RevSpring, Inc. (“RevSpring”), a portfolio company of GTCR LLC (“GTCR”). Terms of the transaction were not disclosed.

Apex Revenue Technologies is a leader in healthcare technology solutions that provide insight into how patients pay to improve financial outcomes for providers and their patients. Apex's cloud-based software promotes patient financial engagement, streamlines patient billing processes, increases revenues and reduces the cost to collect from patients. The Company's award-winning Apex Connect platform dynamically tailors financial communications and payment options to match healthcare provider goals with the needs of the patient for better results. Apex is headquartered in St. Paul, Minnesota.

WestView Capital Partners, a private equity firm focused exclusively on middle market growth companies, manages approximately $1.7 billion in capital across four funds. WestView invests across healthcare technology and outsourcing business services, software and IT services, consumer and growth industrial sectors. Westview is headquartered in Boston, Massachusetts.

RevSpring is a leader in patient communication and payment systems that tailor engagement touch points to maximize revenue opportunities in acute and ambulatory settings. Since 1981, RevSpring has built the industry's most comprehensive and impactful suite of patient engagement, communications and payment pathways backed by behavior analysis, propensity-to-pay scoring, intelligent design and user experience best practices. RevSpring is headquartered in Livonia, Michigan.

Founded in 1980, GTCR is a leading private equity firm focused on investing in growth companies in the financial services & technology, healthcare, technology, media & telecommunications and growth business services industries. GTCR is headquartered in Chicago, Illinois.

Healthcare

Sale to RevSpring, Inc.