Clearlake Capital-Backed nThrive to Acquire TransUnion’s Healthcare Business

SANTA MONICA, CA, ALPHARETTA, GA and CHICAGO, IL – October 26, 2021 – nThrive, Inc. (“nThrive”), a leading healthcare revenue cycle management (“RCM”) software-as-a-service (“SaaS”) platform backed by Clearlake Capital Group, L.P. (together with certain affiliates, “Clearlake”), today announced it has signed a definitive agreement to acquire TransUnion Healthcare, Inc., the healthcare data and analytics business of TransUnion (NYSE: TRU). With its RCM front and back-end solution suite, TransUnion Healthcare helps hospitals and health systems increase revenue, reduce cost, and ensure regulatory compliance. TransUnion Healthcare helps over 1,850 hospitals and 650,000 physicians reduce complexity and increase their profitability.

nThrive and TransUnion Healthcare are each committed to helping clients achieve stronger financial outcomes. The combined entity will offer healthcare organizations and payers a complete end-to-end RCM technology and software solution, giving customers increased confidence and predictability in payment optimization. This acquisition furthers nThrive’s commitment to better serve the healthcare community by increasing revenue assurance and improving revenue staff efficiency while lessening administrative burden so that providers can focus on higher quality care and outcomes for patients.

“We are thrilled to welcome TransUnion Healthcare’s colleagues and clients to the nThrive family,” said Hemant Goel, CEO of nThrive. “We have enjoyed a long-standing commercial partnership with TransUnion Healthcare and both organizations are rooted in complementary missions and cultures. nThrive is focused on designing healthcare technology that delivers tangible outcomes for our clients. As we continue on our mission to help eliminate leakage and waste from healthcare revenue cycles, we look forward to bringing TransUnion Healthcare into the fold to serve our clients as a unified and integrated organization.”

“There is a long and rich history between these two organizations, and we could not be more excited about the opportunity to create an end-to-end leader in the RCM software and technology category,” said Behdad Eghbali, Co-Founder and Managing Partner at Clearlake and Paul Huber, Principal at Clearlake. “We have been focused on a buy-and-build thesis to scale our SaaS platform investment in nThrive and are eager to leverage Clearlake’s O.P.S.® framework and resources to support management on this technology platform as they continue to drive meaningful value for clients and execute on accelerated growth plans.”

“We are proud to have built TransUnion Healthcare into a formidable platform in the healthcare space,” said Chris Cartwright, President and CEO of TransUnion. “nThrive’s leadership in healthcare revenue cycle management makes it an ideal home for the TransUnion Healthcare business, and we look forward to a seamless transition for TransUnion Healthcare’s customers and employees.”

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