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Netsmart Partners With Genstar

William Blair & Company’s 43rd Healthcare IT M&A Transaction Since 2003


Netsmart LogoJune 28, 2010 - William Blair & Company announces the success of its client, Netsmart Technologies, Inc., in connection with its investment partnership with Genstar Capital. William Blair & Company served as exclusive financial advisor to Netsmart for the transaction, the value of which is not disclosed.

Netsmart, based in Great River, New York, provides software as a service (SaaS), self-hosted software solutions, and project implementation services to more than 18,000 customer organizations in all 50 states, including 350,000 care providers and 40 state-level mental health systems. Netsmart customers include mental health and substance-abuse treatment agencies, psychiatric hospitals, private and group mental health practices, public health departments, intellectual and developmental disabilities organizations, vital-records offices, and managed-care organizations. Netsmart has previously been a portfolio company of Insight Venture Partners, Bessemer Venture Partners, and Salmon River Capital.

In a recent new release, James L. Conway, Netsmart’s chief executive officer, said: “The additional capital resources and strategic healthcare experience on our board of directors provided by Genstar will help us further invest in and expand R&D, professional services, and other key areas as we develop solutions to meet fast-evolving industry requirements. This includes helping our customers meet the criteria for meaningful-use funding so they qualify for the billions of dollars in Medicaid and Medicare incentive funds available over the next several years.”

Genstar Capital, based in San Francisco, is a leading private-equity firm that has been actively investing in high-quality companies for more than 20 years. Genstar works in partnership with management teams and its network of operating executives and strategic advisors to transform its portfolio companies into industry-leading businesses. Genstar has more than US$3 billion of committed capital under management and targets investments focused on selected sectors within the software, healthcare services, life sciences, financial services, and industrial technology industries.

For additional information about how the investment banking professionals at William Blair & Company can help your healthcare IT business or portfolio company, please visit our Web site, www.williamblair.com, or contact us via e-mail at corpfin@williamblair.com.

William Blair & Company’s recent Healthcare transactions


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