Houlihan Lokey Advises Netalytics
Houlihan Lokey is pleased to announce that Netalytics, a portfolio company of Prairie Capital, has been acquired by Netsmart Technologies, a portfolio company of GI Partners and TA Associates. The transaction closed on October 1, 2023.
Netalytics is a provider of electronic medical records (EMR) and practice management solutions to the Substance Use Disorder (SUD) market focused on Opioid Use Disorder (OUD) providers. Netalytics’ comprehensive purpose-built solutions provide a wide array of functionality, including managing inventory, controlling dosing, and tracking regulatory compliance.
Founded in Chicago in 1997, Prairie Capital is a private equity fund with a long and successful track record of scaling growth-oriented, lower middle-market companies in partnership with talented founders and management teams. Since inception, Prairie has invested over $1 billion in over 100 platform companies. Prairie makes control equity investments in founder-owned companies that require company-building investments to evolve into scalable platforms capable of sustaining accelerated growth. Prairie targets companies that participate in growing subsectors within the business services, consumer, education, healthcare, industrial, and technology industries.
Netsmart, a leading provider of Software as a Service (SaaS) technology and services solutions, designs, builds and delivers electronic health records (EHRs), health information exchanges (HIEs), analytics and telehealth solutions and services that are powerful, intuitive and easy-to-use.
GI Partners is a private investment firm based in San Francisco. The firm has raised over $17 billion in capital from leading institutional investors around the world. GI Partners' private equity team focuses on investments in the Healthcare, IT Infrastructure, Services, and Software sectors.
TA is a leading global private equity firm focused on scaling growth in profitable companies. Since 1968, TA has invested in more than 560 companies across its five target industries – technology, healthcare, financial services, consumer, and business services.
This transaction further strengthens and highlights Houlihan Lokey’s continued leadership position in healthcare technology and behavioral healthcare M&A. Houlihan Lokey's Healthcare Group is among the largest dedicated healthcare investment banking groups in the country. In 2022, the group closed 37 transactions and was ranked by Refinitiv as the No. 1 advisor for US and Global healthcare M&A transactions under $1 billion.*
Houlihan Lokey served as the exclusive financial advisor to Netalytics and Prairie Capital, and assisted in initiating, structuring, and negotiating the transaction on their behalf.
*Excludes accounting firms and brokers.