Houlihan Lokey Advises Healthcare IT Leaders

Houlihan Lokey is pleased to announce that Healthcare IT Leaders has been acquired by Kyndryl (NYSE: KD).

Kyndryl (NYSE: KD), a leading provider of mission-critical enterprise technology services, announced that it has acquired Healthcare IT Leaders, LLC, an enterprise IT services provider for hospitals and health systems. The acquisition enables Kyndryl to more effectively address growing customer demand for its AI-led business modernization across healthcare providers and payors by leveraging Healthcare IT Leaders’ healthcare consulting and application managed services expertise.

“Healthcare organizations are under increasing pressure to advance complex clinical, operational and workforce systems while maintaining resiliency, security and compliance,” said Jamie Rutledge, president of Kyndryl U.S. “By combining Healthcare IT Leaders’ healthcare consulting expertise with Kyndryl’s AI-led modernization capabilities, we will be better positioned to support providers and payors.”

Following the close of the acquisition, Kyndryl combined Healthcare IT Leaders’ consulting expertise in applications across clinical, operational and workforce platforms with Kyndryl’s infrastructure leadership and AI capabilities to enable healthcare organizations to work with a single provider across applications, platforms, and underlying IT environments.

Kyndryl already supports a broad set of healthcare organizations by running large-scale, highly regulated IT environments across the U.S. The addition of Healthcare IT Leaders’ business will deepen Kyndryl’s relationships with leading national healthcare systems and expand Kyndryl’s access to the application and consulting layer of those environments. Together, the two companies will be well-positioned to support enterprise health systems and hospitals across federal, academic, pediatric, and regional segments as they navigate increasingly complex workforce challenges and a highly regulated industry.

The terms of the transaction were not disclosed. Houlihan Lokey served as financial advisor to Healthcare IT Leaders in the transaction.

This transaction reflects Houlihan Lokey's continued leadership advising enterprise technology and applications services businesses at the forefront of AI-driven transformation across critical industry verticals like healthcare.

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