Vista Equity Partners, a global investment firm focused on enterprise software, data and technology-enabled businesses, has made a significant growth investment in TigerConnect, a provider of healthcare software collaboration services.
Following the deal, TigerConnect will leverage its new partnership to continue improving patient care through real-time communications. The firm delivers cloud-native clinical communication and collaboration services to over 7,000 healthcare organizations and 700,000 care employees. Its platform improves costs and revenues while also delivering enhanced patient care.
“This investment underscores our Firm’s conviction in clinical collaboration and communication as a mission critical element of the patient care process and a market in which we expect to see increased demand and growth over the next few years,” said Ryan Atlas, managing director at Vista Equity Partners. “We look forward to our partnership with TigerConnect and its team, who are at the forefront of a revolutionary shift in how healthcare professionals communicate with each other and with patients to optimize experiences and outcomes.”
Morgan Stanley & Co. LLC served as financial advisor to TigerConnect and Fenwick & West LLP served as legal counsel. J.P. Morgan Securities LLC served as financial advisor to Vista and Kirkland & Ellis LLP served as legal advisor.