Harmony HCIT is Repacitalized
Brentwood Capital Advisors Serves as Exclusive Financial Advisor to Harmony Healthcare IT
Brentwood Capital Advisors (“BCA”) is pleased to announce that it served as the exclusive financial advisor to Harmony Healthcare IT (“Harmony” or the “Company”) and its affiliated entities in its recently completed recapitalization by Primus Capital Funds (“Primus”).
Founded in 2004 and based in South Bend, Indiana, Harmony offers a HIPAA-compliant and cost-effective data extraction and legacy data archiving solution for healthcare facilities decommissioning clinical, financial, administrative or other software systems. The Company’s enterprise platform enables a one-stop migration and archiving solution that is required by regulators for a healthcare facilities’ storage and protection of sensitive legacy PHI data.
“We are excited to partner with Primus,” said Tom Liddell, Harmony CEO. “This partnership will enable us to further accelerate growth, support our customers and leverage Primus’ extensive healthcare information technology expertise. BCA, our exclusive investment banking advisor, played a critical role in creating a competitive process, articulating the Company’s significant growth opportunity and highly visible future revenue and EBITDA. BCA provided the necessary support and guidance to reach a successful close. Their process yielded a great outcome for shareholders and a strong partner who shares our enthusiasm for the Company’s continued success.”
“Harmony’s growth, seasoned management team and leading market position within the healthcare data archiving industry made the Company highly attractive to Primus,” added Porter Meadors, Director at Brentwood Capital Advisors. “We were pleased to represent Harmony and the talented team in this important transaction. We look forward to their continued success.”
About Harmony Healthcare IT
Since 2006, health IT analysts at Harmony Healthcare IT have extracted demographic, financial, clinical and administrative data from hundreds of healthcare applications — both ambulatory and acute. Headquartered in South Bend, Indiana, the company’s mission is to preserve vital information that will improve lives. Harmony Healthcare IT employs experts in data extraction, migration, retention, interoperability and analytics to provide its clients with trusted solutions. Working with hundreds of software brands, billions of records and petabytes of data, Harmony Healthcare IT — with its product, HealthData Archiver® — provides clients with access to historical records. Simply. For more information, please visit www.harmonyhit.com.
About Brentwood Capital Advisors
Based in Franklin, Tennessee, Brentwood Capital Advisors LLC is one of the South’s leading boutique investment banks that provides mergers and acquisitions and capital raising advice to privately-held, middle-market healthcare, technology and tech-enabled and outsourced services companies. BCA has served as exclusive financial advisor in 99 successfully closed transactions totaling approximately $6.4 billion in value in these sectors. Founded in 1999, the firm is partner-owned and has 19 investment banking professionals. For more information, please visit www.brentwoodcapital.com.