Chartis, a Chicago, IL-based healthcare advisory firm, entered into a definitive agreement to receive a majority investment from funds managed by Blackstone.
The investment includes continued equity participation from Audax Private Equity. The transaction is expected to close by the end of 2024, subject to customary closing conditions and regulatory approvals. Terms of the transaction were not disclosed.
The investment will enable Chartis to further extend its capabilities across its strategic, digital and technology, clinical, and financial transformation offerings for healthcare clients. This funding is also anticipated to help further expand the full company’s family of companies, currently including HealthScape Advisors, Jarrard, and Greeley.
This strategic investment will support the firm’s continued growth as an advisor to providers, payers, technology innovators, retail companies, and investors within US healthcare.
Led by CEO Ken Graboys, and President Greg Maddrey, Chartis works with more than 900 clients annually to develop and activate strategies, operating models, and organizational enterprises that make US healthcare more affordable, accessible, safe, and human. With more than 1,000 professionals, it helps providers, payers, technology innovators, retail companies, and investors create and embrace solutions that materially reshape healthcare for the better.
Since Audax’ 2019 investment, the firm has acquired and integrated seven add-on acquisitions, expanding into complementary capabilities and new end markets. During this period, Chartis has also established several new centers for research and advancement.
Commenting on the news, Greg Maddrey, President of Chartis, said: “This investment will provide us with the resources to grow our organic offerings, expand our capabilities, and further enhance our infrastructure. We are excited about the future and confident that this partnership will help us enable our clients to reshape healthcare for the better.”
FinSMEs
14/08/2024