Brentwood Capital Advisors Serves as Exclusive Financial Advisor to Viewgol
Brentwood Capital Advisors LLC (“BCA”) is pleased to announce that it served as the exclusive financial advisor to Viewgol, LLC (“Viewgol” or the “Company”) in its sale to CPSI (NASDAQ: CPSI).
Founded in 2016, Viewgol provides specialized revenue cycle management (“RCM”) analytics software solutions and complimentary outsourcing services to ambulatory healthcare providers. The Company’s comprehensive solutions address categories of at-risk reimbursement, enabling clients to materially enhance collections efficiency.
“This combination makes a lot of sense on many fronts. Most exciting is the value we can deliver to Viewgol clients and our employees as part of a larger organization with expanded resources, tools, and RCM solutions,” said Doug Huffman, chief executive officer and co-founder of Viewgol. “As our advisor throughout this M&A process, BCA played a critical role in conducting a highly competitive process and closing the optimal transaction with the right partner for our customers, employees, and shareholders.”
“Our acquisition of Viewgol rapidly accelerates our offshoring initiatives with more than 80% of its workforce based offshore today,” said Chris Fowler, chief executive officer of CPSI. “The scalability of this direct offshore presence marks a critical step towards our top priority: ensuring our RCM offerings remain affordable, profitable, and scalable by leveraging the global marketplace. Today, Viewgol provides RCM services and analytics software solutions to 38 customers in 15 states, representing over 20 different specialty practices. Further, Viewgol’s operations are almost entirely focused on the ambulatory setting, creating additional market expansion opportunities and diversifying our RCM business.”
“The CPSI transaction positions Viewgol for exciting growth in 2024 and beyond, and it represents a strategic and cultural fit that’s particularly exciting,” said Porter Meadors, BCA managing director. Michael Ory, BCA managing director, added, “It was a privilege to navigate this process with Viewgol co-founders Doug Huffman, Kristen Closson and Harry Hopkins. We know that they will enjoy continued success with CPSI.”
About Brentwood Capital Advisors
Headquartered in Nashville, Tennessee, Brentwood Capital Advisors is one of the nation’s leading independent investment banks, specializing in providing financial advice on mergers, acquisitions, corporate divestitures, and capital raising to growth-oriented, middle-market healthcare, technology, and tech-enabled services companies. For more information, visit www.brentwoodcapital.com.