nThrive, Backed by Clearlake Capital, Completes Acquisition of Healthcare Business from TransUnion


SANTA MONICA, California and ALPHARETTA, Georgia., December 17, 2021 / PRNewswire / – nThrive, Inc. (“nThrive”), a provider of healthcare revenue cycle management (“RCM”) software as a service (“SaaS”) platform, supported by Clearlake Capital Group, LP (with certain affiliates, “Clearlake“), today announced that it has completed the acquisition of TransUnion Healthcare, Inc., the healthcare data and analytics business of TransUnion (NYSE: TRU). The unified business will provide healthcare organizations with the one of the most comprehensive end-to-end RCM technologies available, streamlining patient access for better patient and financial outcomes, and providing clients with increased predictability and confidence in their financial performance.

For both acute and ambulatory care providers, the combination of front-end capabilities of TransUnion Healthcare with front-end workflow and complementary solutions from nThrive creates a central patient access hub, enhancing the patient experience with recording solutions simpler and more precise. Additionally, the combination of TransUnion’s social determinants of health data and insurance discovery capabilities with nThrive’s claims and contract management solutions creates a compelling offering for payers. Payers will be able to use socioeconomic data to identify members at risk of needing more expensive care, allowing care teams to intervene sooner. Insurance discovery tools help payers coordinate benefit coverage across a larger base of active insurers, reducing medical costs for clients and increasing access to care for members. The comprehensive portfolio, which includes nThrive’s already strong middle and back office cloud software solutions, will result in accelerated and efficient financial recovery for healthcare customers through the implementation of one of the Most comprehensive end-to-end RCM technologies and software. platforms available.

“By offering our integrated solutions under a single brand, we can provide healthcare organizations with a more predictable and accurate view of their financial performance while dramatically improving the patient experience,” said Hemant Goel, CEO of nThrive. “We look forward to working as a united team and leveraging our common solutions to add even more value to our customers. ”

“We are thrilled with the combination of these technology activities and the increased value proposition now offered to support healthcare organizations,” said Behdad Eghbali, co-founder and managing partner, and Paul Huber, director of Clearlake. “We are delighted to partner with both colleagues at nThrive and talented associates at TransUnion Healthcare to leverage Clearlake OPS® framework and build a combined company that is well positioned to accelerate organic growth and capitalize on industry consolidation. “

Barclays, Deutsche Bank, Evercore and William blair acted as financial advisers to Clearlake and nThrive. Debt financing in support of the transaction was provided by JP 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 acted as legal counsel to Clearlake and nThrive.

About nThrive
nThrive provides SaaS healthcare revenue cycle management solutions, delivering patient access, charge integrity, claims management, contract management, machine learning and robotic process software solutions , data and analytics and education to more than 900 hospitals and health systems in North America, including 37 of the 40 largest health care providers in the United States. NThrive’s end-to-end software platform helps healthcare organizations increase revenue, reduce costs, expand fundraising, and ensure regulatory compliance throughout the revenue cycle. For more information, please visit https://www.nthrive.com/.

On Clearlake
Clearlake Capital Group, LP is an investment firm founded in 2006 that operates integrated businesses in private equity, credit and other related strategies. With a sector-based approach, the firm seeks to partner with management teams by providing patient and long-term capital to companies that can benefit from Clearlake operational improvement process, SPO® The main target sectors of the company are technology, industry and consumption. Clearlake currently has more than $ 55 billion of assets under management and its principal investment directors have led or co-directed more than 300 investments. The company has offices at Santa Monica and Dallas. More information is available at www.clearlake.com and on Twitter @ClearlakeCap.

About TransUnion Santé
TransUnion Healthcare, Inc., an nThrive Company, makes trust possible by creating simplicity and transparency across the healthcare ecosystem to improve financial and healthcare outcomes. TransUnion Healthcare helps more than 1,850 hospitals and 650,000 physicians collectively recover more than $ 1.2 billion annually in revenue. TransUnion Healthcare’s Revenue Protection® solutions leverage comprehensive data, accurate information and industry expertise to engage patients early on, ensure payment of earned revenue, and optimize payment strategies. For more information, please visit https://www.transunion.com/industry/healthcare

Media contact:

For nThrive:
Audra murphy
n Prosper
(717) 476-4864
[email protected]

For Clearlake:
Jennifer hurson, Lambert & Cie.
845-507-0571
[email protected]

SOURCE n Prosperity

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