Deal Details

Acquisition of Loyale Healthcare, LLC

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Summary

About

RevSpring, Inc. (“RevSpring” or the “Company”), a portfolio company of GTCR, LLC (“GTCR”) recently acquired Loyale Healthcare, LLC (“Loyale”). Terms of the transaction have not been disclosed.

RevSpring is a market leader in financial communications and payment solutions that inspire patients to pay. The Company has built the industry's most comprehensive and impactful suite of patient engagement, OmniChannel communications, and payment solutions backed by behavior analysis, propensity-to-pay scoring, contextual messaging, and user experience best practices. Using proprietary data analytics to tailor the engagement from pre-service to post-service, RevSpring improves the financial experience and outcomes for providers and their patients. The combined companies will facilitate approximately $5.5 billion in payments collected through their systems on behalf of their clients. The Company 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. The Chicago-based firm pioneered The Leaders Strategy™ – finding and partnering with management leaders in core domains to identify, acquire, and build market-leading companies through transformational acquisitions and organic growth. Since its inception, GTCR has invested more than $15 billion in over 200 companies.

Loyale is committed to a mission of turning patient responsibility into lasting loyalty for its healthcare provider customers. Loyale provides a comprehensive patient financial engagement technology platform leveraging a suite of configurable solution components including predictive analytics, intelligent workflows, multiple patient financing vehicles, communications, payments, and other key capabilities. Loyale is based in Lafayette, California.

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