Thoma Bravo is taking a stake in healthcare technology company Zipari. The deal values Zipari at around $500 million and sees Zipari combining with JMI Equity-backed Healthx.
Brooklyn-based Zipari helps health insurance carriers connect better with customers. “We are thrilled to be partnering with Zipari at this pivotal moment in the company’s growth journey,” says Thoma Bravo partner Hudson Smith. “This strategic growth investment represents a powerful combination of industry leading healthcare IT platforms that drive better consumer experiences in healthcare.”
TripleTree LLC is serving as financial advisor to Zipari in the transaction. Brentwood Capital Advisors LLC is providing financial advice to Healthx. Kirkland & Ellis LLP is acting as legal advisor to Thoma Bravo and Goodwin Procter LLP is acting as legal advisor to Healthx and JMI. The Private Credit Group of Goldman Sachs Asset Management L.P. is providing financing.