TigerConnect sells its stake to Vista Equity Partners

TigerConnect sells its stake to Vista Equity Partners

TigerConnect, Manufacturer of Healthcare Industry’s Most Powerful Software Collaboration Suite, Announces Receiving Significant Strategic Growth Investment from Vista Equity Partners, a Leading Global Investment Firm Focused Exclusively in Enterprise Software , data and technology companies. TigerConnect will leverage the partnership with Vista to continue its mission of improving patient care through real-time contextual communications.

TigerConnect provides cloud-native clinical communication and collaboration (CC&C) solutions to more than 7,000 healthcare organizations and 700,000 healthcare team members. Its secure, HIPAA-compliant communication platform and collaborative suite improves both costs and revenues for healthcare organizations while fundamentally delivering better patient care.

TigerConnect has helped thousands of healthcare systems increase collaboration between healthcare teams and accelerate decision making while minimizing readmissions and reducing costs. Beyond its foundations as a clinical communication platform, TigerConnect has extended its suite to include nurse alarm management and event notification, physician scheduling and patient engagement solutions, all of which enable providers to provide better and safer patient care.

“At TigerConnect, we are focused on improving the care experience for providers and patients, starting with access to real-time, contextual communication and collaboration at every stage of the care journey,” said Brad Brooks, co-founder and managing director responsible for TigerConnect. “We believe Vista’s expertise in partnering with enterprise software companies led by founders and market leaders, coupled with our shared values, aligns strongly with our mission of providing advanced collaboration technologies. that improve the delivery of care. “

“In 2010, the notion of a universal healthcare communication and workflow platform did not exist, and TigerConnect transformed that,” said Andrew A Brooks, MD, FAAOS, co-founder and Medical Director of TigerConnect. “With Vista, TigerConnect’s vision remains to improve patient outcomes and improve the daily lives of physicians, nurses and everyone involved in the healthcare system. “

The investment in TigerConnect comes from Vista’s Foundation Fund, which invests in leading companies in software, data and enterprise technology. TigerConnect will be able to leverage Vista’s expertise in scaling enterprise healthcare organizations, such as its investments in Allocate Software Group, Relias Learning, and ESO Solutions, to accelerate evolution. of its healthcare collaboration platform around real-time contextual data and messaging.

“This investment underscores our firm’s belief in clinical collaboration and communication as an essential part of the patient care process and a market in which we anticipate increased demand and growth over the next several years,” said Ryan Atlas, Managing Director of Vista Equity Partners. “We look forward to our partnership with TigerConnect and his team, who are at the forefront of a revolutionary change in the way healthcare professionals communicate with each other and with patients to optimize experiences and outcomes. “

Vista’s investment follows an active 2021 for TigerConnect in which the company facilitated the exchange of over three billion clinical collaboration messages and over one million patient and family interactions , while recording strong growth in turnover. The company also welcomed three industry veterans to its management team: John Elms as product manager; Wendy White as Director of Marketing; and Jay DeGooyer as General Counsel.

Morgan Stanley & Co. LLC served as financial advisor to TigerConnect and Fenwick & West LLP served as legal advisor. JP Morgan Securities LLC served as financial advisor to Vista and Kirkland & Ellis LLP served as legal advisor.

Vista Equity owns Greenway Health.

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by Scott Rupp Brad Brooks, Greenway Health, TigerConnect, Vista Equity

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