NASHVILLE, Tennessee (March 2016) — Bailey Southwell & Co., LLC (BSC) is pleased to announce the completion of the sale of Comparion Medical Analytics, Inc. (CMA), one of the nation’s largest privately-held healthcare information services companies, to Quantros, Inc. (Quantros), the healthcare industry’s leading provider of enterprise safety risk management, quality management, and reporting solutions. Financial terms were not disclosed.
BSC acted as the exclusive strategic and financial advisor to CMA.
CMA is recognized as an innovative leader in providing software-as-a-service (SaaS)-based solutions to assess the cost and quality of medical services delivered across the continuum of care. CMA’s CARE Performance Assessment SuiteTM provides easy access to essential information for improving the key performance metrics of providers and payers. Through this acquisition, Quantros enhances its capabilities for the electronic collection, reporting, and exchange of clinical quality data for payment determination and quality/safety performance improvement.
“We established a relationship with Bailey Southwell to achieve two main goals: identify a strategic alternative to increase shareholder value and establish a relationship with a buyer who could leverage the CARE Performance Assessment SuiteTM to further the mission of providing reliable, relevant information for advancing the improvement and accountability of healthcare delivery,” stated Thane Forthman, President and CEO of CMA. “The attention to detail and extensive knowledge of the transaction process displayed by the Bailey Southwell professionals was essential to making this a successful transaction for our shareholders and our customer base.”
BSC Partner Jeff Bailey will join the Quantros Board of Directors.
About Bailey Southwell & Co., LLC
Bailey Southwell & Co., founded in 2005, is a privately held investment bank with offices in Nashville, Tennessee and St. Louis, Missouri. BSC provides mergers and acquisition and capital raising advisory services to middle market companies. More information about BSC can be found at www.baileysouthwell.com.
About Comparion Medical Analytics, Inc.
Comparion Medical Analytics is one of the nation’s largest privately-held healthcare information services companies with corporate headquarters in Greenville, SC and medical advisory services in Baltimore, MD. Over 1,000 healthcare professionals across leading academic medical centers, health systems, Fortune 500 companies, and payers rely on CMA’s software solutions to assess the cost and quality of medical services delivered across the continuum of care. More information about CMA can be found at www.comparionanalytics.com.
About Quantros, Inc.
Quantros is a leading provider of enterprise SaaS-based solutions and services that advance healthcare quality and safety performance. Its applications help thousands of hospitals, retail pharmacies, and some of the nation’s largest health systems to capture actionable intelligence they can use to improve outcomes, reduce risks, and reinforce their commitments to delivering safer, higher-quality value-based care. More information about Quantros can be found at www.quantros.com.