Capital Clarity Assists Streamline Health in Its Avelead Acquisition

Capital Clarity Assists Streamline Health in Its Avelead Acquisition

Healthcare Tech Outlook | Thursday, September 02, 2021

Jawad Shaikh, President and CEO, Avelead

Capital Clarity provides advice to Streamline Health in connection with the acquisition of Avelead.

FREMONT, CA: Capital Clarity is happy to complete Streamline Health Solutions, Inc.'s acquisition of Avelead Consulting, LLC, a nationally renowned leader in revenue integrity solutions and services for healthcare providers.

The deal's terms include a $20 million cash and stock consideration at closing, subject to typical post-close adjustments for working capital, cash, debts, and transaction expenses, as well as a $15 million performance-based earn out. The transaction will be funded through a combination of cash and restricted shares of Streamline's common stock.

In a  press conference, Tee Green, President and Chief Executive Officer of Streamline Health, says that the purchase strengthens Streamline Health’s ability to help providers improve their financial performance by guaranteeing the receipt of compliant revenue—and the avoidance of overbilling risk—before a bill is sent out the door.  Streamline Health loved collaborating on this transaction with John Cooper, Susan Blanco, and the Capital Clarity team. They have added significant value to the business and shareholder base by grasping the operations and transaction skills.

Capital Clarity's Managing Partner, John Cooper, comments that revenue integrity and revenue cycle management are more crucial than ever in today's provider landscape. Capital Clarity has realized that Avelead would be an excellent strategic fit for Streamline and would contribute significantly to the company's expansion in these areas. Capital Clarity is glad to assist with the merger of these two businesses. 

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