Audax Acquires Chartis Group to Enhance Healthcare Consulting and Technology Services

VCBeat (WeChat ID: vcbeat) has learned that private equity firm Audax Private Equity recently announced the completion of its acquisition of The Chartis Group, with specific transaction terms remaining undisclosed. Following the acquisition, The Chartis Group’s management team will continue to lead the company.

In this transaction, Lincoln International LLC served as the exclusive financial advisor to The Chartis Group, with Winston & Strawn LLP acting as its legal counsel. Ropes & Gray LLP served as legal counsel to Audax Private Equity.

Audax Private Equity, headquartered in Boston, Massachusetts, is a private equity firm founded by Geoff Rehnert and Marc Wolpow in 1999. The company boasts a private equity investment team with extensive experience in investment, acquisitions, and operations, focusing on providing capital to middle-market enterprises. Since its inception, the firm has cumulatively invested over $5 billion. Currently, it manages more than $16 billion in assets across its equity, mezzanine debt, and senior debt strategies.

The Chartis Group, established in 2011 and headquartered in Boston, Massachusetts, USA, is a company that provides consulting and analytical services to organizations in the healthcare sector. With leading expertise in informatics, technology, and health analytics, the company is committed to delivering a wide range of consulting and technical services to academic medical centers, integrated delivery networks, children’s hospitals, and healthcare service organizations.

The Chartis Group comprises a team of experienced healthcare professionals and senior consultants who leverage their expertise in health economics, market analysis, and clinical modeling to help clients address their most pressing challenges. The firm maintains offices in Atlanta, Boston, Chicago, New York, Minneapolis, Portland, and San Francisco.

The Chartis Group’s business is primarily divided into two categories. The first is consulting services. The company helps healthcare organizations achieve their clinical, financial, and operational goals by formulating development strategies, prioritizing project plans, forecasting industry trends, and analyzing the competitive landscape. The second is technology services. The company provides healthcare organizations with technologies such as artificial intelligence, machine learning, and big data analytics, along with tailored software solutions and SaaS analytics platforms.

Ken Graboys, CEO of The Chartis Group, stated, “Audax Private Equity’s capital and resources will help expand the reach of our company’s offerings within the healthcare industry. Moving forward, with the support of Audax Private Equity, we will continue to develop innovative products and pursue acquisition opportunities.” It is reported that in November 2015, The Chartis Group acquired its peer, iVantage Health Analytics.

(Compiled by Jiao Yanli)