Edgemont Partners Advises Champion Healthcare Technologies on its Transaction with The Riverside Company
Transaction highlights the firm’s established leadership and momentum in HCIT M&A
NEW YORK, NY – June 6, 2019 – Edgemont Partners (“Edgemont”), a leading independent healthcare investment bank, announced that it served as the exclusive financial advisor to Champion Healthcare Technologies (“Champion”), a portfolio company of Jump Capital, in its transaction with The Riverside Company (“Riverside”). Through the transaction, Champion will be combined with HemaTerra Technologies, a portfolio company of Riverside.
Champion is a leading provider of SaaS-based solutions that manage and track the life cycle of tissues and implantable devices for hospitals and health systems. The transaction was led by Kojo Appenteng, Managing Director and Head of Edgemont’s Healthcare IT practice, with execution support from Andrew Karlin, Vice President at Edgemont. The transaction enables Champion to continue to build on its successful track record of innovation in the healthcare supply chain software market.
Pete Casady, Co-Founder and CEO of Champion, said, “Edgemont’s expert advice and guidance throughout the highly competitive M&A process gave us comfort that we were going to find the optimal outcome. We are very excited about the new phase in the company’s evolution.”
“Edgemont’s deep insights into the HCIT market and broad transaction experience was invaluable. Kojo and his team were very instrumental in helping us secure a great result for all of Champion’s stakeholders,” said Michael McMahon, Managing Partner of Jump Capital.
“Champion has built an impressive portfolio of solutions to automate the entire lifecycle of tissues and implants, including receipt tracking, inventory management, recall management, usage, warranty tracking, and enterprise analytics,” said Kojo Appenteng. “We pride ourselves in providing thoughtful and unbiased advice to leading healthcare IT companies. We are honored to have had the opportunity to work with an outstanding team at Champion to find the right partner for the next phase of growth.”
“Our ability to run a bespoke process, along with high-quality deal execution, helps us capture maximum value for our clients,” added Andrew Karlin. “We are excited about the path ahead for the combined business.”
About Champion Healthcare Technologies
Founded in 2005, Champion provides comprehensive implant management solutions to over 500 hospitals and health systems. Its broad portfolio enables organizations to effectively track and manage implants throughout their life cycle (i.e. receipt to explant) to improve patient safety, reduce costs, and minimize risk. Through deep integration with vendors, system-wide visibility into implants, and robust analytics, Champion empowers organizations to drive meaningful results.
About Jump Capital
Jump Capital is a series A/B venture & growth capital firm that provides capital and strategic resources for companies within the B2B SaaS, media, IT/Data infrastructure, and Fintech sectors. Jump’s philosophy is to align with talented management teams that desire a trusted partner with real world operating experience looking for a target initial series A/B or growth investment between $2M to $15M. Since its founding in 2012, Jump has made more than 50 technology-based investments.
About Edgemont Partners
Edgemont Partners is a premier investment bank that provides merger and acquisition advisory and growth capital raising services exclusively to healthcare companies. We focus solely on providing expert strategic advice and transaction execution, bringing a steadfast commitment to our clients, driven always by what’s in their best interest. This dedication enables us to deliver independent conflict-free advice, to serve as trusted advisors to healthcare entrepreneurs, management teams and investors, and to execute with exceptional results.
Investment banking services are provided by Edgemont Capital Partners, LP, a registered broker-dealer and member of FINRA and SIPC.