Ziegler, a specialty investment bank, is pleased to announce it served as financial advisor to MedCenterDisplay (MCD) in its recent sale to PatientPoint, an L Catteron portfolio company and a leader and innovator of patient engagement solutions at the point of care in both acute and ambulatory care settings.
MCD provides best-in-class digital patient and healthcare consumer engagement tools to address needs of patients and their families before, during and after the provision of care. Through custom and turnkey solutions and content, the Company enables hospitals to utilize technology to positively impact patients’ total care experience and offer improvement in Hospital Consumer Assessment of Healthcare Providers and Systems (HCAHPS) survey results.
The PatientPoint award-winning Patient Guide is the industry standard for delivering patient information, enabling over 750 hospitals to meet regulatory and compliance requirements in the matters of patient safety, patient rights and responsibilities, the discharge process and more. Teaming with MedCenterDisplay strengthens PatientPoint’s ability to help hospitals in their mission to increase patient satisfaction, engagement and education. Combined, the two companies will serve more than 1,000 hospitals and ASCs across the country.
Ziegler assisted in the overall management of the successful execution of the sell-side process, structuring and negotiating key terms of the purchase agreement, and facilitating due diligence.
Jim Aylward, President and CEO of MedCenterDisplay commented: “Ziegler was a valued and trusted advisor throughout this process. Ziegler’s knowledge of the sector and relevant buyer universe, their sound guidance and focus on process management translated into seamless execution that lead to a successful closing of the transaction.”
Chris Rogers, Managing Director in Ziegler’s Corporate Finance Healthcare practice, stated, “The importance of patient/healthcare consumer engagement is front of mind for healthcare providers. Empowering hospital administrators and clinicians to engage before, during and after provision of care improves the patient experience and provides a constant touch-point to drive better compliance and clinical outcomes. MedCenterDisplay’s national presence, healthcare-focused digital signage, mobile apps and digital marketing solutions are a natural fit for PatientPoint. A combination of the two will enhance their service offerings and expand their client list to include over 1,000 hospitals nationwide.”
Ziegler’s Corporate Finance practice is focused on delivering best-in-class advisory and financing solutions for companies and organizations across the healthcare industry. In our core practice areas of healthcare services, information technology, hospitals and senior living, Ziegler is one of the most active M&A firms offering innovative sell-side, buy-side, recapitalization/restructuring, equity private placement and strategic partnering services.