Houlihan Lokey Advises Streamline Health Solutions

Houlihan Lokey is pleased to announce that the Enterprise Content Management (ECM) business of Streamline Health Solutions (NASDAQ:STRM) has been acquired by Hyland Software. The transaction closed on February 24, 2020.

Streamline Health Solutions, through its eValuator technology, is leading an industry movement to improve healthcare providers' financial performance by moving mid-to-late revenue cycle interventions upstream, optimizing coding accuracy for every patient encounter prior to bill submission. By improving coding accuracy before billing, providers can reduce lost revenue, mitigate overbilling risk, and reduce denials and days in accounts receivable. This enables providers to turn unpredictable revenue cycles into dynamic revenue streams. In addition, providers can leverage eValuator's capabilities to improve the efficiency of post-bill audits by focusing only on those records with the greatest financial impact or propensity to be less than 100% accurate.

Hyland Software provides connected healthcare solutions that harness unstructured content at all corners of the enterprise and link it to core clinical and business applications such as electronic medical records (EMR) and enterprise resource planning (ERP) systems. Hyland Software offers a full suite of content services and enterprise imaging tools, bringing documents, medical images, and other clinically rich data to the right healthcare stakeholders at the right time, when and where they need it.

Houlihan Lokey served as the exclusive financial advisor to Streamline Health Solutions. In addition, Houlihan Lokey provided a fairness opinion to the board of directors of Streamline Health Solutions.