Collin Roche, Managing Director at GTCR, said, "In acquiring RevSpring, GTCR leveraged its long history and extensive experience in both the billing & payments and healthcare industries to develop a truly differentiated perspective. We are excited to pursue our strategy and continue building a market-leading business with management, both organically and through acquisition, in the coming years."
"We are excited to partner with the talented team at RevSpring as we work together to build a leading, differentiated provider of billing and payments solutions," continued Aaron Cohen, Managing Director at GTCR. "RevSpring's end-to-end offering and unwavering commitment to customer service have differentiated it within the healthcare and financial services industries, and we believe there is substantial opportunity to extend both to serve customers in new markets."
Financing for the transaction is being arranged by Jefferies, Madison Capital, Newstone, and Northwestern Mutual. The transaction is expected to close in late November, subject to customary regulatory approvals.
Founded in 1980, GTCR is a leading private equity firm focused on investing in growth companies in the Financial Services & Technology, Healthcare, Technology, Media & Telecommunications and Growth Business Services industries. The Chicago-based firm pioneered The Leaders Strategy™ - finding and partnering with management leaders in core domains to identify, acquire and build market-leading companies through transformational acquisitions and organic growth. Since its inception, GTCR has invested more than $12 billion in over 200 companies. For more information, please visit www.gtcr.com.
Headquartered in Wixom, MI, RevSpring facilitates over one billion customer interactions annually, serving more than 2,000 clients in the healthcare and financial services spaces. Its vertically specialized solutions accelerate cash flow and ensure compliance on time-sensitive consumer communications, including mail, web, text, and phone. In addition, RevSpring improves the workflow, design and distribution of consumer communications to make interactions more impactful, meaningful, and effective. For more information, please visit www.revspringinc.com.
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