Sidley is representing nThrive, Inc., a leading healthcare revenue cycle management (RCM) software-as-a-service platform backed by Clearlake Capital Group, L.P., in its US$1.74 billion acquisition of TransUnion Healthcare from TransUnion (NYSE: TRU). TransUnion Healthcare, a subsidiary of TransUnion, helps hospitals and health systems increase revenue, reduce cost, and ensure regulatory compliance. Upon closing of the acquisition, nThrive will offer healthcare organizations and payers a complete end-to-end RCM technology and software solution.
Debt financing supporting the transaction was provided by J.P. Morgan, Deutsche Bank, Golub, Barclays, BMO Capital Markets, Credit Suisse, and Jefferies.
The Sidley deal team is led by Mehdi Khodadad and Nicolai Schwarz-Gondek (M&A and Private Equity), and includes Avni Mehta, Max Chaffetz, and Eric Marshall (M&A and Private Equity). Nicholas Schwartz (Global Finance) is leading the debt financing for the transaction with support from Julie Ann Rosenberg, Marc Weinstein, and Daniel Ulman (Global Finance). The Sidley deal team also includes Eric Kauffman and Emily Wajert (Employment); Glenn Nash, Dusan Clark, and Kyle Barnett (Technology and IP Transactions); Stacy Crosnicker and Sarah Recktenwald (Employee Benefits and Executive Compensation); Rachel Kleinberg and Jonathan Westreich (Tax); Karen Kazmerzak, Ken Daly, Elizabeth Chen, and Jakob Dewispelaere (Antitrust/Competition); Sven De Knop, Alessandra Moroni, and Maryanne Kamau (International Trade); Eric Schwartz and Isaac Green (Litigation); Timothy Payne (Immigration); Scott Goldstein (Insurance); Sujit Raman and Sheri Porath Rockwell (Privacy and Cybersecurity); and John Van De Weert (Banking and Financial Services).