Bowstring advises Impact Advisors on its recapitalization by Chicago Pacific Founders

February 19, 2020 | Atlanta, GA

Bowstring Advisors (“Bowstring”), a division of Citizens Capital Markets, served as the exclusive financial advisor to Impact Advisors, a leading healthcare-focused consulting firm dedicated to helping its provider clients optimize clinical and operational performance through technology and strategic process improvement, in its recapitalization by Chicago Pacific Founders, a Chicago-based healthcare-focused private equity firm.

Impact provides a comprehensive portfolio of strategic advisory, implementation and optimization services that help major healthcare systems across the United States solve complex digital health, patient access, clinical operations and revenue cycle challenges. The company’s founders, Andy and Peter Smith, have a combined 40+ years of experience in the healthcare IT industry and will continue to lead the organization through its next phase of growth as a portfolio company of Chicago Pacific Founders.

Pete Smith, co-founder of Impact, said: “The Bowstring team was instrumental in providing strategic guidance as we navigated through the transaction.  Their primary focus was ensuring the best long-term position for the firm and a successful outcome for the process. Their knowledge of the healthcare industry, strength of their team and strategic analysis allowed us to focus on the critical aspects of the process.”

“Impact Advisors is Bowstring’s 20th closed transaction in the healthcare IT sector.  The company has one of the top brands in the market, which is a testament to Impact’s dedication to their clients, their team and running a business to the highest operational and ethical standards,” said Don Holbrook, managing director at Bowstring. “The combination with the Chicago Pacific Founders team offers multiple avenues for increased growth through broad industry relationships and a deep bench of operating partners.”

The Bowstring team was instrumental in providing strategic guidance as we navigated through the transaction. Their primary focus was ensuring the best long-term position for the firm and a successful outcome for the process. Their knowledge of the healthcare industry, strength of their team and strategic analysis allowed us to focus on the critical aspects of the process.

Pete Smith
Co-Founder
Impact Advisors