Cisive, a portfolio company of CIP Capital, has acquired PreCheck, a provider of background screening, compliance monitoring and credentialing solutions for the healthcare industry. No financial terms were disclosed. Stifel, Nicolaus & Company was financial adviser to PreCheck on the transaction. Twin Brook provided undisclosed financing to back Cisive’s acquisition of PreCheck, according to a source familiar with the deal.
Cisive, a global provider of compliance-driven human capital management and risk management solutions, announces the acquisition of PreCheck, the healthcare industry’s leading provider of background screening, compliance monitoring and credentialing solutions. PreCheck serves over 4,000 hospitals, long-term care facilities, clinics, educational institutions, and other ancillary healthcare organizations across the U.S.
“The acquisition of PreCheck represents a great opportunity for Cisive to expand its expertise in the healthcare industry and enhances PreCheck’s ability to advance in the global healthcare market,” explains James Owens, Cisive’s President and CEO. “PreCheck is a perfect complement to Cisive as both companies cater to the needs of highly regulated industries and have a deep commitment to quality of service, regulatory compliance, and providing a high-touch customer experience. We are thrilled to bring together these two powerful entities where we can continue to excel and expand our leadership serving enterprise clients.”
“PreCheck gained the perfect partner in Cisive, who shares our passion for accuracy and providing world-class customer service,” states Zach Daigle, PreCheck’s President. “This ideal pairing will expand our capabilities in the United States and globally as we focus on providing better resources, more advanced technologies and deeper expertise for our healthcare clients. PreCheck remains committed to our mission of advancing the quality of healthcare as we embark in this exciting new chapter.”
Through the combined strengths of both organizations, we are poised to become THE global leader in providing world-class background screening solutions for large global enterprises in highly regulated industries across all verticals.
Cisive is a global provider of compliance-driven human capital management and risk management solutions. The company’s core onboarding and pre-employment background screening offering provides clients with a streamlined, high quality, and regulatory compliant solution. Comprehensive services include background screening, vendor/contractor screening, executive screening, drug testing, fingerprinting, paperless onboarding and electronic Form I-9/E-Verify solutions.
Cisive is accredited by the National Association of Professional Background Screeners (NAPBS) and was named for the second consecutive year by HRO Today to the 2018 Baker’s Dozen Customer Satisfaction rankings of Top Pre-Employment Screening Providers. Cisive caters to the complex challenges and program needs of large enterprises, and their dedicated, in-country account management teams uphold a strong commitment to customer satisfaction. The company serves clients in financial services, transportation, and home services end-markets, among others, and offers transportation clients a comprehensive, industry-focused solution through its Driver iQ brand. For additional information, please visit www.cisive.com.
Stifel, Nicolaus & Company, Incorporated served as financial advisor and Bracewell LLP served as legal advisor to PreCheck in its acquisition by Cisive.
Founded in 1983, PreCheck has focused exclusively on serving the healthcare industry’s background screening and employment qualification needs since 1993. PreCheck serves over 4,000 hospitals, long-term care facilities, clinics, educational institutions, and other ancillary healthcare organizations, across the U.S. PreCheck has evolved over time from a background screening provider into a turnkey outsourcing solutions provider, offering a full suite of background screening, compliance monitoring and credentialing solutions all designed to help its clients adhere to the extensive regulations governing the healthcare industry. Based in Houston, PreCheck has been recognized as an Inc. 5000 company from 2013-2018 and has achieved Background Screening Credentialing Council Accreditation by the National Association of Professional Background Screeners. Please visit www.precheck.com for more information.