Baird Capital’s venture group and Council Capital has made a joint, $13.3 million investment in emids Technologies, a provider of healthcare information technology. Brentwood Capital Advisors worked as exclusive financial advisor to emids.
emids Technologies announced today a joint investment of $13.3 million by Baird Capital’s venture capital group of Chicago and Nashville, Tenn.-based Council Capital that will enable the company to build on its leading position in the provision of healthcare IT services and solutions. Brentwood Capital Advisors served as exclusive financial advisor to emids in this transaction.
The investment marks a major milestone for emids, setting the stage for the company to continue its rapid organic growth and to pursue selective acquisitions. The company has experienced sustained rapid growth over the past five years, increasing revenue at a compound annual growth rate of more than 40% over the period.
“This investment validates our business model and the scalable platform we have built to provide services and solutions to our customers,” said Saurabh Sinha, President and CEO of emids. “Baird Capital and Council Capital are the ideal partners to work with to expand emids and meet the growing demand for information technology and business process services tailored to the unique needs of healthcare organizations.”
Both investment groups have a special focus on the healthcare industry. The venture capital group at Baird Capital partners with high-growth companies in healthcare and technology-enabled services. Council Capital is a private equity firm that invests exclusively in high-growth healthcare IT and healthcare services companies.
“emids is part of the next wave of Nashville healthcare entrepreneurship – in health IT and other services – that will remake healthcare,” said Grant Jackson, General Partner of Council Capital. “We look forward to working with Saurabh and his excellent team to expand emids into additional growth areas to broaden the suite of services available to its customers.”
Jim Pavlik, Partner at Baird Capital, said: “We have been impressed with the strong growth rate, market share and high customer satisfaction achieved by the emids team. We look forward to supporting their vision of being the partner of choice in the HIT services and solutions arena.”
Both Jackson and Pavlik have joined the board of emids.
emids Technologies provides Healthcare Information Technology (HIT) and Business Process Outsourcing (BPO) services to the healthcare industry. emids offers a complete range of services by leveraging focused healthcare domain expertise, a strong global delivery methodology and partnerships with leading technology providers. emids’s mission is to provide high quality and cost optimized services to the healthcare universe. To learn more, please visit emids.com.
About Council Capital
Council Capital is a Nashville-based private equity firm with approximately $150 million of capital under management. Council primarily invests in high-growth companies in healthcare services and healthcare IT. The firm’s unique value proposition is derived from its CEO Council of over 20 experienced CEOs who give portfolio companies access to networks and expertise helpful in building great companies. Another advantage is the firm’s strong relationships with hundreds of companies located in the nation’s healthcare industry capital. For more information, please visit CouncilCapital.com.
About Baird Capital
Baird Capital makes venture capital, growth equity and private equity investments in strategically targeted sectors around the world. Baird Capital’s venture team invests in early and expansion-stage technology-enabled services and healthcare companies. Having invested in more than 270 companies over its history, Baird Capital partners with entrepreneurs and, leveraging its executive networks, strives to build exceptional companies. Baird Capital is the direct private investment arm of Robert W. Baird & Co. For more information, please visit BairdCapital.com.
About Brentwood Capital Advisors LLC
Brentwood Capital Advisors LLC, founded in 1999, is a privately held investment bank headquartered in Nashville, Tennessee, providing mergers & acquisitions and capital-raising advisory services to middle-market companies in the healthcare, information technology, and business services sectors. BCA has served as exclusive financial advisor in over 54 successfully closed transactions representing more than $3.0 billion of value in these sectors. For more information, visit www.brentwoodcapital.com.