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October 7th, 2019

M&A is Thriving in 2019 Among RCM and HCIT Companies (Press Release)

Rockville, MD – October 4, 2019 Greenberg Advisors (GA), the leading investment bank to specialize in RCM and HCIT transactions, announced that investment in these sectors grew by 76% in the first half of 2019 compared to the prior year, based on $9.1 billion changing hands in the first half of 2019. GA’s M&A Update for the first half of 2019 will be published this fall and will include actionable insight, data, and trends regarding deal activity.

Observations of investment activity during the first half of 2019:

  • Seventy-three transactions contributed to $9.1 billion of deal value, representing the highest half-year deal value since the first half of 2017.
  • Private equity or private equity-backed buyers completed 60% of all transactions, the highest level in 4 years.
  • Venture capital continued to pour into the sector, most frequently for technology surrounding Clinical Analytics, Clinical Decision Support, and Patient Engagement.
  • Increased competition among investors is resulting in aggressive valuation multiples, deal structures, and deal timeframes.

Brian Greenberg, CEO, commented “The timing to enter the market is exceptional now for investors and sellers. Our sell-side clients are benefitting from very attractive pricing multiples and fierce competition to acquire. That competition and demand from investors is driven by the opportunities available for RCM and HCIT firms to gain market share, capabilities and/or scale, or more broadly, to solve a major market need through development or acquisition of healthcare technology or other solutions.”

A reflection of this activity, GA has completed 8 transactions in RCM and HCIT over the past 18 months, including the sale of PARA HealthCare Financial Services (PARA). PARA provides market-based pricing tools, analytics products, revenue integrity solutions, and consulting services that improve margins for healthcare organizations nationwide.

About Greenberg Advisors

Greenberg Advisors, LLC provides trusted M&A and strategic advice and is best known for its expertise in Revenue Cycle Management (RCM), Healthcare IT (HCIT), and related sectors. Focused on these sectors for nearly 25 years, the firm’s professionals offer a comprehensive, yet highly specialized perspective from which to advise clients, which has resulted in the completion of over 130 merger & acquisition (M&A), capital raising, valuation, and strategic advisory engagements. These client successes reflect its distinct client-first approach, objective point of view, deep sector expertise, and roll-up-the-sleeves work ethic. Greenberg Advisors celebrates its 10-year anniversary in 2019. Follow the firm on Twitter @GreenbergAdvsrs or visit www.greenberg-advisors.com.

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