Houlihan Lokey Advises VisiQuate
Houlihan Lokey is pleased to announce that VisiQuate, Inc., a portfolio company of Sixth Street Growth, has been acquired by Accel-KKR. The transaction closed on September 20, 2024.
VisiQuate is a leading provider of advanced revenue cycle analytics and AI-powered workflow automation software for enterprise healthcare providers. VisiQuate delivers improved financial performance and optimized enterprise outcomes through a unique combination of complex data curation, deep AI and ML, advanced analytics, and intelligent process automation. VisiQuate’s revenue cycle analytics, workflow, and automation have shifted healthcare revenue cycle management from a manual, low-visibility, unpredictable, and subscale function to an automated, efficient, and high-performing strategic advantage. The company is headquartered in Santa Rosa, California, with offices in Harrisburg, Pennsylvania, and Dallas, Texas.
Sixth Street Growth makes investments in mid- and late-stage technology companies. The Sixth Street Growth team partners with founders and management teams to provide differentiated capital solutions to accelerate organic and inorganic growth. Sixth Street Growth is the dedicated growth investing platform of Sixth Street, a leading global investment firm with more than $75 billion in assets under management and committed capital. Sixth Street has invested more than $9 billion in over 70 companies through its Growth franchise since its inception.
Accel-KKR is a technology-focused investment firm with $19 billion in cumulative capital commitments. The firm focuses on software and tech-enabled businesses and is well-positioned for top-line and bottom-line growth. Accel-KKR focuses on middle-market companies and provides a broad range of capital solutions, including buyout capital, minority-growth investments, and credit alternatives. Accel-KKR also invests across various transaction types, including private company recapitalizations, divisional carve-outs, and going-private transactions. Accel-KKR's headquarters is in Menlo Park, with offices in Atlanta, Chicago, London, and Mexico City.
This transaction demonstrates Houlihan Lokey’s continued success in Healthcare Technology, including revenue cycle management specifically, and the firm’s ability to design bespoke processes to optimize outcomes for shareholders.
Houlihan Lokey’s Healthcare Group is among the largest dedicated healthcare investment banking groups in the world. In 2023, the group closed 34 transactions and was ranked by LSEG (formerly Refinitiv) as the No. 1 investment bank globally for all healthcare transactions.
Houlihan Lokey served as the lead sellside advisor to VisiQuate.
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