Citizens M&A Advisory has served as the exclusive financial advisor to Simple Admit, a provider of automated patient relationship management solutions for surgery centres, on its merger with HST Pathways, a Bain Capital portfolio company and provider of cloud-based software focused on the ambulatory surgery centre (ASC) space.
For over a decade, Simple Admit has crafted industry-leading software solutions that connect patients with ASC staff through user-friendly online services that improve efficiencies, communication and cost savings from pre-admissions through post-op care. The combined HST Pathways and Simple Admit platform will deliver a best-in-class approach to outpatient surgery, transforming revenue cycle management, the patient experience and case volumes.
Dan Coholan, founder and chief executive officer of Simple Admit, says: “We greatly appreciate the efforts made by Dominic Barakat, Justin Bentley and the entire Citizens team in bringing about a successful outcome for Simple Admit. Their knowledge of front-end patient access and workflow software, along with deep experience executing transactions in the sector, helped us find the perfect partner with whom to build a disruptive, wholistic platform focused on the ASC space.”
“We’re thrilled to aid Dan and his team in achieving a fantastic result with a great partner,” says Justin Bentley, managing director at Citizens. “Simple Admit’s technology, in combination with HST Pathways, will provide ASCs and their patients with better experiences, connectivity and efficiencies.”
Citizens M&A Advisory specialises in middle-market mergers and acquisitions. Citizens combines sector intelligence with a client-focused approach to realise our clients’ true value. The Citizens team has closed more than 170 transactions in the last five years and has more than 60 M&A professionals specialising in a range of industries across the United States. Citizens M&A Advisory is part of Citizens Capital Markets, Inc, a subsidiary of Citizens Financial Group (NYSE: CFG).
