Class VI Partners (formerly CapitalValue Advisors “CVA”) is pleased to announce the acquisition of HealthAware, LLC (“HealthAware”) by Eruptr, LLC (“Eruptr”), a portfolio company of H.I.G. Growth Partners (“H.I.G.”).
“Greg and his team have built an impressive company that drives efficiencies and optimizes patient engagement for physician networks throughout the U.S.; we are excited for their new phase of growth with Eruptr and H.I.G.,” said Aaron Scro, Associate at Class VI.
“When Eruptr approached us regarding a potential acquisition, we already had Class VI on our side for the previous 12 months, guiding and preparing us for a potential transaction. Class VI provided expert guidance throughout due diligence, negotiated aggressively on our behalf, and helped us achieve maximum value for our investors. I would recommend Class VI to any CEO considering M&A strategies,” said Greg Gossett, CEO of HealthAware.
Eruptr’s CEO and Co-Founder, Kevin Minnelli, remarked, “This acquisition not only adds a great team of healthcare professionals, but a cutting-edge technology platform that will provide better strategic insights for our health systems partners.”
Headquartered in Denver, CO, HealthAware is a market leader in the growing field of health risk assessment and patient engagement solutions. HealthAware’s innovative technology platform helps healthcare organizations engage with patients, driving awareness of disease risk factors and influencing patients to take actions to improve their health outcomes. The Company has built an impressive track record successfully serving a large client base of hospitals and healthcare systems around the U.S.
Eruptr offers a full suite of digital marketing solutions with its core offering focused on paid search (“SEM”) customer acquisition and engagement. Eruptr maintains direct customer relationships with blue chip health systems including Johns Hopkins, UNC Health Care, Methodist, Inova Health System, and Wellspan and serves a client base of over 70 systems representing over 150 hospitals. Eruptr runs over 1,000 high-impact paid search campaigns per month designed to target patients at the moment of intent when they are seeking treatment/appointments.
The transaction closed on March 6, 2020. Sherman & Howard LLC and Senn Visciano Canges P.C. served as HealthAware’s counsel. For more information about the transaction, please contact Class VI.
About Class VI Partners
Class VI provides middle-market investment banking services, including mergers and acquisitions advisory, corporate advisory, business valuation, and private capital raising services through its affiliate, Class VI Securities, LLC and Member FINRA. Class VI is also affiliated with and offers wealth management services through Class VI Family Office, LLC, a Registered Investment Advisor with the Securities & Exchange Commission.
Greg Gossett, CEO of HealthAware, is a client of Class VI Partners and is not being compensated for sharing their opinion and experience with the firm. Any compensation creates a conflict of interest. Comments by Greg Gossett may not be representative of any other person’s experience with the firm and are no guarantee of future performance or success.
Additional Disclosures
Investment advisory services offered through Class VI Partners’ affiliate Class VI Family Office, LLC, a Registered Investment Adviser with the U.S Securities and Exchange Commission. Class VI Partners offers investment banking and private securities transactions through its affiliate, Class VI Securities, LLC. Class VI Securities, LLC is a registered broker/dealer and member of the Financial Industry Regulatory Authority (FINRA). Class VI Pathfinder, LLC provides general business consulting to privately held businesses. Collectively these entities are referred to herein as “Class VI”.
Testimonials may not be representative of the experience of other customers. Any promotion, either via testimonial or endorsement, is unpaid (in cash or non-cash form) and does not guarantee future performance or success. We believe that all information provided is from credible and reliable sources. This information does not constitute advice or a recommendation or offer to sell or a solicitation to deal in any security or financial product. It is provided for information purposes only and on the understanding that the recipient has sufficient knowledge and experience to be able to understand and make their own evaluation of the proposals and services described herein, any risks associated therewith and any related legal, tax, accounting or other material considerations.