Investment Summary

Baird Capital and First Trust Capital Partners Invest In Upfront Healthcare

On November 17, 2020, private equity firm Baird Capital and growth capital firm First Trust Capital Partners invested in information technology company Upfront Healthcare

Investment Highlights
  • This is Baird Capital’s 7th and First Trust Capital Partners’ 1st transaction in the Information Technology sector.
  • This is Baird Capital’s 54th and First Trust Capital Partners’ 10th transaction in the United States.
  • This is Baird Capital’s 5th and First Trust Capital Partners’ 3rd transaction in Illinois.
Investment Fate
  • Upfront Healthcare was sold to a publicly-traded strategic buyer in 2025.

Investment Summary

Date 2020-11-17
Target Upfront Healthcare
Sector Information Technology
Investor(s) Baird Capital
First Trust Capital Partners
Deal Type Growth Capital

Target

Upfront Healthcare

Chicago, Illinois, United States
Upfront Healthcare is a platform designed to grow with health system clients and their ever-changing needs. Upfront Healthcare provides extensible patient solutions that continuously guide and motivate all patients to complete necessary care at the most appropriate site or with the most applicable service. Upfront engages patients across multiple channels, presenting personalized, curated content, and culturally relevant information. Upfront Healthcare was founded in 2016 and is based in Chicago, Illinois.

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Investor(S) 2

Investor

Baird Capital

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1989
PE ASSETS 3.1B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Baird Capital Partners (BCP) is the US private equity arm of Baird Private Equity. BCP makes investments in middle-market companies based in the US. BCP targets companies valued between $25 and $125 million and looks to invest between $15 and $35 million of equity per transaction. BCP focuses on three primary areas including business services (transaction processing, process outsourcing, professional services), healthcare (outsourcing services, medical products, contract manufacturing), and manufactured products (industrial/commercial, specialty consumer, distribution). BCP is affiliated with Baird Capital Partners Europe, Baird Capital Partners Asia, Baird Venture Partners, and Granville Baird Capital Partners. Baird Capital Partners is based in Chicago, Illinois.


DEAL STATS #
Overall 66 of 76
Sector: Information Technology M&A 7 of 8
Type: Growth Capital M&A Deals 14 of 18
State: Illinois M&A 5 of 6
Country: United States M&A 54 of 63
Year: 2020 M&A 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-09 Kindstar Global

Wuhan, China

Kindstar Global is a specialty clinical testing service provider in China. Kindstar Global is founded in 2003 and is based in Wuhan, China.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-03 HSP Group

Tampa, Florida, United States

HSP Group is a technology-enabled business services firm focused on helping US and European companies expand globally and manage their international operations. The company provides headquarters-based finance, tax, legal, and HR personnel with a simplified, turnkey approach to ensure efficient operations, full compliance with local regulations, and needed consistency across each geography. HSP Group was founded in 2020 and is based in Tampa, Florida.

Buy -
DESCRIPTION

First Trust Capital Partners is a private investment firm that looks to invest in early and growth stage companies principally in the financial services and healthcare technology sectors. First Trust Capital Partners is based in Chicago, Illinois.


DEAL STATS #
Overall 10 of 24
Sector: Information Technology M&A 1 of 3
Type: Growth Capital M&A Deals 3 of 5
State: Illinois M&A 3 of 5
Country: United States M&A 10 of 24
Year: 2020 M&A 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-23 Owl Health

Portland, Oregon, United States

Owl is a comprehensive behavioral health solution that helps organizations deliver quality care and improve patient outcomes. The company's measurement-based care platform empowers healthcare providers with accurate data and insightful analytics to enhance their treatment strategies. Owl Health was founded in 2013 and is based in Portland, Oregon.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-11 Dina

Chicago, Illinois, United States

Dina powers the future of home-based care. Dina is an AI-powered care-at-home platform and network that can activate and coordinate multiple home-based service providers, engage patients directly, and unlock timely home-based insights that increase healthy days at home. Dina was founded in 2015 and is based in Chicago, Illinois.

Buy -