Investment Summary

Revelstoke Capital Partners Invests In HealthAxis

On January 18, 2022, private equity firm Revelstoke Capital Partners invested in information technology company HealthAxis

Investment Highlights
  • This is Revelstoke Capital Partners’ 1st transaction in the Information Technology sector.
  • This is Revelstoke Capital Partners’ 19th transaction in the United States.
  • This is Revelstoke Capital Partners’ 3rd transaction in Florida.

Investment Summary
Date 2022-01-18
Target HealthAxis
Sector Information Technology
Investor(s) Revelstoke Capital Partners
Deal Type Growth Capital
Advisor(s) Shumaker, Loop & Kendrick (Legal)

Target

HealthAxis

Tampa, Florida, United States
website
HealthAxis is a provider of modern Core Administrative Processing Solutions and related software and services to healthcare payors. We offer our clients scalable and flexible solutions for their most complex challenges. Its next-generation enterprise solution suite, HxOne, is a comprehensive healthcare management solution that combines our HxPro, core benefits administration software platform, HxLogic, data-driven analytics tools, and HxOps, tech-enabled business process outsourcing capabilities under one unified offering. HealthAxis was founded in 1965 and is based in Tampa, Florida.

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Investor(S) 1

Investor

Revelstoke Capital Partners

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 2013
PE ASSETS 5.6B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Revelstoke Capital Partners is a private equity firm focused on acquiring and building industry leading companies. For platform acquisitions, Revelstoke seeks profitable companies (> $5 million) and looks to commit $10 to $250 million per transaction. The Firm will consider majority and minority positions and seeks situations where companies have opportunities for growth, either organically or through add-ons. Targeted industries include healthcare services, transportation, logistics, specialty distribution, business services, and insurance. Revelstoke Capital Partners was formed in 2013 and is based in Denver, Colorado.

DEAL STATS #
Overall 19 of 20
Sector (Information Technology) 1 of 1
Type (Growth Capital) 7 of 7
State (Florida) 3 of 4
Country (United States) 19 of 20
Year (2022) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-11 Crossroads Treatment Centers

Greenville, South Carolina, United States

Crossroads Treatment Centers is a behavioral health provider with an exceptional clinical reputation and a focus on substance use disorders and mental health illnesses. The Company delivers care through a variety of modalities, utilizing medication-assisted treatment (“MAT”), 24/7 access to care, in-person visits, telehealth, measurement-based care, laboratory services, and intensive care coordination services to provide complete support for the whole patient. Crossroads Treatment Centers was founded in 2005 and is based in Greenville, South Carolina.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-30 Vet’s Best Friend

Waltham, Massachusetts, United States

Vet’s Best Friend owns and operates a portfolio of general practice veterinary clinics across seven states in the Northeast. Vet’s Best Friend was founded in 2019 and is based in Waltham, Massachusetts.

Sell -
Mergr

Product

Company

Legal