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ArchPoint Partners Completes Another Industry-Leading Transaction in the SaaS and Healthcare IT (HCIT) Space(May 17, 2012)
SAN FRANCISCO, CA -- (Marketwire) -- 05/17/12 -- ArchPoint Partners acted as sole advisor to Solutionreach, a SaaS company providing market-leading patient engagement software for healthcare practices, in a significant investment by growth equity investor Summit Partners. Financial terms of the transaction were not disclosed. This commitment from Summit Partners positions Solutionreach to maintain its leadership position in patient collaboration solutions while accelerating its already rapid growth.
This transaction follows ArchPoint's recent sale of Portico Systems to McKesson and ArchPoint's sale of Bloodhound Technologies to Verisk Analytics. ArchPoint continues to execute transactions that are shaping the healthcare IT sector.
Founded in 2000, Solutionreach delivers high-value patient communications that help healthcare practices acquire, educate, retain and reactivate patients. It achieves this by providing an array of technology-enabled services to strengthen the doctor-patient relationship, enhance clinical outcomes, streamline office management, collect patient receivables, manage online reputations, and effectively market through social media.
"Solutionreach provides practices with effective patient engagement solutions that increase revenue, reduce cost, improve outcomes and increase overall patient satisfaction and loyalty," said Jim Higgins, CEO and Founder of Solutionreach.
Higgins further said, "John Cooper and his team at ArchPoint Partners were completely engaged in the process. We really felt like they were part of our team. They were able to leverage their significant market relationships, transaction experience, and HCIT sector knowledge to optimize our outcome. ArchPoint was excellent throughout the process and the team played a critical role in the negotiation and management of our transaction through closure."
About ArchPoint Partners
ArchPoint Partners is consistently credited with market-leading outcomes in the technology and media sectors. ArchPoint leverages its combined experience in operations, strategy and investment banking to provide astute strategic advice for mergers, acquisitions, divestitures, spin-offs, private capital raising and restructuring. In addition, the firm provides both long-term and short-term board advisory services. ArchPoint is based in San Francisco, California and serves clients worldwide.
For additional information, please contact the ArchPoint Partners team:
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