Spurrier Capital Partners is pleased to announce our role as the exclusive financial advisor to Relatient in its sale to Brighton Park Capital. Relatient’s industry-leading product suite supplies over 15,000 healthcare providers with innovative solutions to patient engagement challenges and a “digital front door” to healthcare, including appointment reminders, patient surveys, patient scheduling, e-Registration, patient payments, health marketing campaigns and secure two-way messaging. As an acknowledged industry leader, Relatient has been named the 2019 Category Leader for Patient Outreach by KLAS®, the industry leader in evaluating healthcare IT and technology vendors.
Serving single-doctor offices to multi-location health systems, Relatient’s scalable platform enables providers to decrease no-shows, fill last-minute appointment cancellations, and increase customer satisfaction and patient loyalty with measurable ROI. Brighton Park Capital’s acquisition includes a significant growth equity investment that positions Relatient to continue its market leadership and growth in the patient engagement sector.
“I was excited to partner with SCP on this transaction. I have now had the opportunity to work with Clark and the team as both a Board Member (Unanet growth investment from JMI Equity) and now as CEO and have been thoroughly impressed by their extensive domain expertise, deep relationships and outstanding execution capabilities,” stated Michele Perry, CEO of Relatient. “SCP’s deep understanding of our business and the overall Patient Engagement market enabled them to appropriately message our unique differentiation to all interested parties and drive an amazing outcome for the Company’s shareholders.”
“Elsewhere Partners is proud to have partnered with Michele and the team at Relatient. The Company has grown tremendously in the short time since Elsewhere has been an investor, and we are extremely pleased with the outcome that SCP has achieved for the team and investors,” commented John Thornton, Co-Founder & Partner at Elsewhere Partners. “SCP’s commitment to Relatient, knowledge of the industry and execution capabilities in the Company’s sale were instrumental in solidifying this superb outcome.”
“It has been truly rewarding to watch Relatient grow from an early stage Company into the category leader it is today,” said Jim Sohr, Founder and Chairman of Powered Health and one of Relatient’s earliest investors. “SCP ran an extremely efficient process and achieved a great outcome for shareholders and the Company. I am looking forward to tracking Relatient’s continued market leadership under Brighton Park’s ownership.”
“After driving a successful outcome for Michele on Unanet, we were thrilled to do the same for her on Relatient,” said Clark Spurrier, Founder and CEO of Spurrier Capital Partners. “SCP was very excited to have served as an integral part of the next phase of Relatient’s journey. We were excited to capitalize on our recent successes with Verity and Valant as we further cement our leadership position in the Healthcare Technology sector.”
“Relatient’s comprehensive patient engagement platform enables providers to improve communication, productivity and ultimately deliver better patient care,” said Derek Ritchea, Director at Spurrier Capital Partners. “We couldn’t be happier for Michele, Patrick and the entire Relatient team as they begin their relationship with Brighton Park Capital. This partnership and additional growth investment will strengthen Relatient’s market leading position and enable the Company to continue their rapid growth in the Patient Engagement sector.”
The deal team was led by Clark Spurrier, Derek Ritchea, Alex Wong, and Victoria Villalba. Please do not hesitate to reach out to us with any questions at (212) 486-7100.