Houlihan Lokey Advises Forcura
Houlihan Lokey is pleased to announce that Forcura, LLC, an intelligent workflow management company, and Medalogix, LLC, a clinical decision support company, have combined. Forcura, a portfolio company of Accel-KKR, has been acquired by Berkshire Partners (Berkshire) and combined with Medalogix, a portfolio company of The Vistria Group (Vistria). Together, the companies will create a leading post-acute care technology platform focused on the advancement of intelligent patient care within home-based care providers and ultimately across the entire healthcare continuum. The transaction closed on March 18, 2025.
This transaction demonstrates Houlihan Lokey’s momentum across healthcare technology, having advised on nine transactions since August 2024. The transaction also builds on Houlihan Lokey’s leading track record in the post-acute care sector. Houlihan Lokey’s Healthcare Group is among the largest dedicated healthcare investment banking groups in the world and was ranked by LSEG (formerly Refinitiv) as the No. 1 advisor for all U.S. healthcare transactions in 2024 by deal volume.
Forcura, a healthcare SaaS technology company, facilitates continuity of care and improves business performance for providers via its intelligent workflow, collaboration and connectivity solutions. The company is deeply committed to empowering better patient care and enabling a holistic view of the patient anywhere in the continuum. The company is a 2024 - 2025 Best in KLAS® Winner, is a certified Great Place to Work™ employer, and has ranked for the eighth consecutive year on the Inc. 5000.
Medalogix is a pioneer in the post-acute care space, offering unique data analytics solutions to transform home health and hospice agencies. Leveraging cutting-edge data science, machine learning, and innovative cloud technology, Medalogix equips clinicians and agencies to provide the right care at the right time, resulting in improved patient outcomes and reduced costs to the healthcare system. The company’s machine learning solutions have demonstrated their effectiveness in reducing hospitalizations, facilitating appropriate transitions to end-of-life care, and optimizing visit utilization for patients.
Berkshire Partners is a 100% employee-owned, multi-sector specialist investor in private and public equity. The firm's private equity team invests in well-positioned, growing companies across business & consumer services, healthcare, industrials, and technology & communications. Berkshire is currently investing from its Fund XI, which held its final closing in 2024 with approximately $7.8 billion in commitments. Since inception, Berkshire Partners has made more than 150 private equity investments and has a strong history of collaborating with management teams to grow the companies in which it invests.
The Vistria Group is building a new kind of private investment firm that seeks to deliver both financial returns and impact. It invests in essential industries like healthcare, knowledge & learning solutions, financial services and housing that deliver value for investors as well as communities, employees, and consumers. With almost $16 billion in AUM, The Vistria Group looks deeper by working as a true partner, drawing on its deep sector knowledge, operational expertise, unique network, diverse team, and impact orientation to achieve transformational growth.
Houlihan Lokey served as exclusive financial advisor to Forcura in this transaction.
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