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Trintech Sells Concuity, Its Healthcare Division

April 23, 2010 - William Blair & Company announces the success of its client, Trintech Group PLC, in connection with the sale of its healthcare division, Concuity, to The Advisory Board Company for $34.5 million in cash. William Blair & Company served as financial advisor to Trintech for the transaction.

Concuity, based in Illinois, is a healthcare technology provider focused on improving financial performance through flexible solutions, quick implementation, high ROI, and timely support across the revenue cycle. The company provides the leading contract and payment management solution for hospitals and physician groups.

“We are excited to be joining forces with The Advisory Board Company,” said Suzi Meschbach, Concuity's vice president of operations and product development, in a recent news release. “With the successful launch of our latest software release, ClearContracts 9.0, the Advisory Board’s members will now have access to a daily workflow tool that goes beyond calculation engines to address the entire contract lifecycle, providing the visibility and control necessary to create and negotiate the best contracts, evaluate and take corrective action on under/overpayments and denials, and collect the payments owed. Through exposure to and input from the Advisory Board’s 2,700 healthcare members—as well as the Advisory Board’s team of revenue cycle experts—we expect to be able to accelerate Concuity’s sales penetration while also developing additional capabilities and enhancements to address the most pressing needs of our members.”

Trintech Group PLC is a leading global provider of integrated financial governance, risk management, and compliance software solutions for commercial, financial, and healthcare markets.

The Advisory Board Company provides best-practices research, analysis, executive education and leadership development, software tools, and installation support services primarily to the healthcare industry, focusing on business strategy, operations, and general management issues. The company provides best practices and research through discrete programs to a membership of approximately 2,800 organizations, including leading hospitals, health systems, pharmaceutical and biotech companies, healthcare insurers, medical device companies, colleges, universities, and other education institutions. The Advisory Board Company is based in Washington, D.C.

For additional information about how the investment banking professionals at William Blair & Company can help your 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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