Provides software and tech-enabled solutions that help hospitals and health care providers improve business operations and secure payment for their services.
A growth equity firm, investing in businesses focused on the information economy.
Private equity firm focused on companies in the business services, consumer services, financial technology, healthcare, media, communications, and software industries.
Middle market private equity fund focused on companies in the business services, healthcare and education industries.
Initially, the Company was slow to scale and as a result consumed many rounds of capital with complex security features.
In order to provide shareholder liquidity and clear a myriad of preferences issues, Passport’s valuation needed to exceed $100 million.
Periodically, strategic buyers approached Passport about a possible combination. BCA believed it could conduct a limited process that included a small number of financial and strategic buyers and achieved partial liquidity at a valuation in excess of $100 million
Passport engaged BCA to approach a select number of potential acquisition targets.
Passport acquired Nebo Systems and secured the required debt financing to consummate the transaction, despite turbulence in the credit markets.
After 10 years, early stage investors desired full liquidity.
BCA conducted a similar, narrow process that included a limited number of financial and strategic buyers.
The second recapitalization satisfied all initial investor liquidity aims and enabled Passport to benefit from the acquisition of Nebo.
“We had a great experience working with the BCA team. The firm conducted a highly targeted process that led to a very attractive valuation and transaction for the Passport shareholders and secured new, high quality capital partners. BCA delivered on their promise of daily, senior-level attention. In addition, the BCA team showed excellent judgment, provided sound advice and were effective advocates throughout the process.“
Chairman, Passport Health Communications