Boston, MA (PRWEB) September 16, 2009
Harris Williams & Co. is pleased to announce the sale of Catalyst Information Technologies to strategic buyer MedAssurant, Inc. The transaction closed September 11, 2009. Harris Williams & Co. acted as the exclusive advisor to Catalyst. The transaction was led by Jeff Bistrong from the firm's Technology, Telecom & Digital Media team, along with fellow team members Sam Hendler and Eric Kim.
Catalyst Information Technologies is a leading provider of software-based Healthcare Effectiveness Data and Information Set ("HEDIS") reporting and other healthcare quality measurement solutions to the largest managed care organizations throughout the United States.
"Catalyst is an exciting company not simply due to its market leading HEDIS compliance solution, but because it is at the forefront of developing business intelligence tools for healthcare quality measurement. The management team has combined healthcare quality measurement expertise with next generation database management tools and supercomputer system architecture to deliver the fastest, most robust and most versatile quality measurement solution in the market. In MedAssurant, Catalyst has found an equally forward looking management team and they collectively are positioned to deliver one of the most robust tool sets in the HCIT sector," said Jeff Bistrong, managing director and co-head of Harris William's Technology, Telecom & Digital Media team.
MedAssurant, Inc. is a leading healthcare solutions provider focused on the importance of healthcare data and its ability to drive dramatic, objective improvements in clinical and quality outcomes, care management, and financial performance throughout the healthcare community. In partnership with many members of the healthcare community, MedAssurant provides local, regional, and nationwide health insurance plans, hospitals, pharmaceutical companies, regulatory bodies, government organizations, physician organizations, and their many coveted patients with powerful turnkey solutions to address matters of clinical outcomes analysis, quality of care, cost improvement, risk adjustment, disease management, utilization, and healthcare data verification.
Harris Williams & Co. is one of the largest mergers and acquisitions advisory firms in the country focused exclusively on the middle market, and is a member of The PNC Financial Services Group, Inc. (NYSE:PNC). Harris Williams & Co. represents publicly and privately held companies as well as private equity groups worldwide. The firm's TTDM team focuses on software, IT services, communications, and digital media, and has been particularly active in the healthcare IT sector. For more information, contact Jeff Bistrong or David Joncas at 617-482-7501.
Merger and acquisition services are provided by Harris Williams LLC, a registered broker-dealer and member FINRA and SIPC. Harris Williams & Co. is the trade name under which Harris Williams LLC conducts its business.
For general release inquiries, contact Marketing Director, Kimberly Baker at 804-648-0072.