Bowstring Advises Falcon Consulting in its Sale to Avaap

October 27, 2016 | Atlanta, GA

Bowstring Advisors today announced it served as the exclusive financial advisor to Falcon Consulting Group, LLC, a KLAS-leading healthcare IT consulting firm, in its sale to Avaap USA, LLC, a portfolio company of New MainStream Capital.

Based in Chicago, Falcon is one of North America’s leading healthcare IT consulting firms, specializing in the implementation and optimization of Epic Systems software. Falcon offers consulting and evaluation related to Electronic Health Record (EHR) systems, including revenue cycle optimization and clinical transformation. Its clients include some of the leading healthcare providers and integrated healthcare delivery networks in the U.S.

Brendan Downing, CEO and co-founder of Falcon, stated, “Joining forces with Avaap will allow us to focus on driving better health quality outcomes and create financial stability for our clients while maintaining a unique work experience for our consultants. I truly am excited to invite customers and candidates alike to see that we’ve found a partner that truly wants to build ground-breaking new offerings that fully leverage the combined firm’s strengths.” Downing added, “Bowstring did a great job in helping us find a partner to continue to scale our business. They worked diligently from start to finish, often going above and beyond to make the process successful. The Bowstring team really got to know our business, and that helped immensely in identifying a great partner. We could not have been more pleased with the outcome of this process.”

“Falcon Consulting is an innovative firm with an impressive track record. We are pleased to have matched them with a leading healthcare systems integrator like Avaap, and their investor, New MainStream Capital, who will be exceptional partners for ongoing success,” said Tom Donahue, managing director at Bowstring Advisors.

The Bowstring team really got to know our business, and that helped immensely in identifying a great partner. We could not have been more pleased with the outcome of this process.

Brendan Downing
CEO and Co-Founder
Falcon Consulting Group