LGP Makes Strategic Investment In RedSail

Healthcare

LGP strategic investment in RedSail, a portfolio company of Francisco Partners


Summary

Leonard Green & Partners, L.P. (“LGP”) has a made a strategic investment in RedSail Technologies, LLC (“RedSail”), a portfolio company of Francisco Partners Management (“Francisco Partners”). Terms of the transaction were not disclosed.

Baird served as financial advisor to LGP on this transaction.

About

LGP is a leading private equity investment firm founded in 1989 with approximately $75 billion of assets under management. The firm partners with experienced management teams and often with founders to invest in market-leading companies. Since inception, LGP has invested in over 120 companies in the form of traditional buyouts, going-private transactions, recapitalizations, growth equity and selective public equity and debt positions. The firm primarily focuses on companies providing services, including consumer, healthcare and business services, as well as distribution and industrials. LGP is headquartered in Los Angeles, California.

RedSail, a trusted innovator in pharmacy software, is transforming patient care. Empowering over 12,000 pharmacies serving more than 8 million patients monthly, RedSail has deep experience with the needs and concerns of pharmacy across sectors – community, long-term care, outpatient, clinic, HME/DME and specialty pharmacies – and their pharma, payer and strategic industry partners. Knowing the heart of pharmacy is the desire to provide meaningful patient care, RedSail makes daily pharmacy operations more seamless through advanced pharmacy management systems, transactional and medical billing services and patient engagement solutions. Its leading brands, including PioneerRx®, groundbreaking Axys® long-term care pharmacy software, PowerLine®, TransactRx® and QS/1®, provide the efficiency and industry integration that liberate pharmacists to focus on patients. RedSail is headquartered in Spartanburg, South Carolina.

Francisco Partners is a leading global investment firm that specializes in partnering with technology and technology-enabled businesses. Since its launch 25 years ago, Francisco Partners has invested in more than 450 technology companies, making it one of the most active and longstanding investors in the technology industry. With approximately $45 billion in capital raised, the firm invests in opportunities where its deep sectoral knowledge and operational expertise can help companies realize their full potential. Francisco Partners is headquartered in San Francisco, California.
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Healthcare

LGP strategic investment in RedSail, a portfolio company of Francisco Partners

Date
June 2024
Company
Leonard Green & Partners, L.P.
Transaction
M&A - Buyside
Sectors
Healthcare
Verticals
Healthcare IT & Services
Target Geography
North America
Acquiror Geography
North America

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