Clearlake-backed nThrive buys TransUnion Healthcare

nThrive, which is backed by Clearlake Capital Group, has acquired TransUnion Healthcare, Inc., the healthcare data and analytics business of TransUnion.

nThrive, which is backed by Clearlake Capital Group, has acquired TransUnion Healthcare, Inc., the healthcare data and analytics business of TransUnion. No financial terms were disclosed. Barclays, Deutsche Bank, Evercore, and William Blair acted as financial advisors to Clearlake and nThrive on the deal.

PRESS RELEASE

SANTA MONICA, CA, and ALPHARETTA, GA – December 17, 2021 – nThrive, Inc. (“nThrive”), a healthcare revenue cycle management (“RCM”) software-as-a-service (“SaaS”) platform provider, backed by Clearlake Capital Group, L.P. (together with certain affiliates, “Clearlake”), today announced it has completed the acquisition of TransUnion Healthcare, Inc., the healthcare data and analytics business of TransUnion (NYSE: TRU). The unified business will offer healthcare organizations one of the most complete end-to-end RCM technology solutions available, streamlining patient access for better patient and financial outcomes, and empowering customers with increased predictability and confidence in their financial performance.

For acute and ambulatory providers, combining TransUnion Healthcare’s front-end capabilities with nThrive’s front-end workflow and complementary solutions creates a Patient Access powerhouse, improving the patient experience with simpler, more accurate check-in solutions. Additionally, combining TransUnion’s Social Determinants of Health data and Insurance Discovery capabilities with nThrive’s Claims and Contract Management solutions creates a highly compelling offering for payors. Payors will be able to use socioeconomic data to identify members at risk of needing more costly care, allowing care teams to intervene earlier.

Insurance discovery tools help payors coordinate benefits coverage across a larger base of active insurers, reducing medical costs incurred by clients and increasing access to care for members. The full portfolio, which includes nThrive’s already strong middle-office and back-office cloud-based software solutions, will drive accelerated and efficient financial recovery for healthcare customers that results from implementing one of the most comprehensive end-to-end RCM technology and software platforms available.

“By offering our integrated solutions under one brand umbrella, we can provide healthcare organizations with a more predictable and accurate view of their financial performance while meaningfully improving the patient experience,” said Hemant Goel, CEO of nThrive. “We’re eager to get to work as a united team and leverage our joint solutions to add even more value to our customers.”

“We are excited about the combination of these technology businesses and the increased value proposition now offered to support healthcare organizations,” said Behdad Eghbali, Co-Founder and Managing Partner, and Paul Huber, Principal, of Clearlake. “We are thrilled to partner with both nThrive’s colleagues and TransUnion Healthcare’s talented associates to leverage Clearlake’s O.P.S.® framework and build a combined company that is well-positioned to accelerate organic growth and capitalize on further industry consolidation.”

Barclays, Deutsche Bank, Evercore, and William Blair acted as financial advisors to Clearlake and nThrive. Debt financing supporting the transaction was provided by J.P. Morgan, Deutsche Bank, CBAM Partners, Golub, Security Benefit Corporation, BMO Capital Markets, Barclays, Credit Suisse, Jefferies, Antares Capital, BNP Paribas, UBS, Oaktree Capital Management, Audax, Cliffwater, Neuberger Berman, and Stone Point. Sidley Austin LLP served as legal counsel to Clearlake and nThrive.

About nThrive
nThrive provides healthcare revenue cycle management SaaS solutions, offering patient access, charge integrity, claims management, contract management, machine learning & robotic process automation, data & analytics, and education software solutions to more than 900 hospitals and health systems in North America, including 37 of the 40 largest healthcare providers in the U.S. nThrive’s end-to-end software platform helps healthcare organizations increase revenue, reduce costs, expand cash collections, and ensure regulatory compliance across the entire revenue cycle continuum. For more information, please visit https://www.nthrive.com/.