Private equity investor Riordan, Lewis & Haden has invested an undisclosed amount in The Chartis Group, a strategy consulting firm. Terms were not disclosed.
Riordan, Lewis & Haden | Equity Partners (RLH) is pleased to announce our investment in The Chartis Group, a premier strategy consulting firm that helps the senior executives and Boards of Directors of leading hospitals and Integrated Delivery Networks address their most important and pressing challenges. The Company assists its clients with key strategic decisions on economic matters such as developing or participating in an accountable care organization, acquisitions of physician groups, geographic expansion of the care delivery footprint, and achieving efficient care delivery processes at each site. Chartis’ lengthy roster of blue chip clients includes over 60 nationally renowned academic medical centers, 9 of the top 10 children’s hospitals in the US, 81% of US News honor roll hospitals, and 20 of the top 25 cancer centers nationwide.
RLH is pleased to partner with Chartis’ management team, led by founding partners Ken Graboys, Ethan Arnold, and Chris Regan, to recapitalize the Company and further accelerate its growth. J. Christopher Lewis, Managing Director of RLH, commented, “Chartis brings great expertise to help its provider clients make key decisions in the context of game-changing recent legislation and intensive industry regulation. Demand for the Company’s experienced insights is growing rapidly as large healthcare systems address the increasing complexity and rapid pace of change in the US healthcare system. The Company has the strong cohesive leadership, high organic growth rate, critical mass of revenue, outstanding reputation, and exciting market opportunity that make it an excellent fit with RLH’s investment focus.”
Riordan, Lewis & Haden is a leading private equity firm which invests in high growth, profitable enterprises with $20 – $150 million of annual revenue. Focused on companies in the business services, healthcare, and government services sectors, RLH has achieved a 30-year track record of success by partnering with passionate entrepreneurs to build significant companies. RLH typically invests via a recapitalization transaction that provides partial liquidity for the entrepreneur, and then assists the portfolio company management team in navigating the opportunities and challenges of rapid growth. The firm currently manages over $500 million of assets and is actively seeking new portfolio companies.