Bowstring Advises Holland Square Group in its Acquisition by ALKU
December 14, 2017 | Atlanta, GA
Bowstring Advisors (“Bowstring”) served as the exclusive financial advisor to Holland Square Group, LLC, (“HSG” or the “Company”), a leading healthcare IT professional services firm specializing in the Cerner ecosystem, in its acquisition by ALKU, a highly specialized consulting services firm, backed by WestView Capital Partners.
Founded in 2009, HSG provides consulting resources that address the technology needs of healthcare organizations, including providers, payers, and related technology and services vendors. While it provides services for all of the major healthcare technologies, the Company specializes in the Cerner ecosystem, providing talent that has expertise specifically with the Cerner Electronic Health Record (“EHR”) system and other supporting IT systems. At the core of HSG is a set of highly scalable, process-driven methodologies for recruiting experienced EHR and core IT talent and driving client satisfaction. The business is headquartered in Nashville, Tenn., and has additional offices in Denver, Colo., and Charlotte, N.C.
“We are truly proud of the team and company we have built at Holland Square Group,” said Andrew S. Park, Principal of Holland Square Group. “We are excited to be joining forces with ALKU for our next chapter. ALKU has proven its ability to achieve extraordinary results while delivering the highest level of customer service, and that has been our mission from inception. The Bowstring team provided invaluable guidance throughout the process, which resulted in a successful transaction for both parties.”
“We immediately recognized the unique opportunity combining with Holland Square Group represents for the ALKU portfolio. It is clear this partnership will succeed because the two entities are focused on specific practice areas and do not deviate from this specialized approach. Holland Square Group was a great fit because of their strong reputation in the healthcare IT market. I am confident that together, we can capitalize on the latest emerging trends in the healthcare technology market,” said Mark Eldridge, CEO of ALKU.
Tom Donahue, Managing Director at Bowstring, remarked, “We believe the similarities across both firms’ business models and processes, as well as the complementary cultures, will make this both a promising and exciting venture for all parties involved.”
We are excited to be joining forces with ALKU for our next chapter. ALKU has proven its ability to achieve extraordinary results while delivering the highest level of customer service, and that has been our mission from inception. The Bowstring team provided invaluable guidance throughout the process, which resulted in a successful transaction for both parties.
Andrew S. Park
Holland Square Group