Bowstring Advises Nordic In Its Recapitalization

October 8, 2012 | Atlanta, GA

Bowstring Advisors (“Bowstring”) served as the exclusive financial advisor to Nordic Consulting (“Nordic”), in its recent growth capital raise with SV Life Sciences, Health Enterprise Partners and HLM Venture Partners.  This investment will enhance the Company’s ability to meet the growing demand within the rapidly expanding Epic EMR market.

Nordic is a leading provider of healthcare IT consulting services, with an exclusive focus on the Epic software suite. In June 2012, the Company was ranked #1 in Epic Staffing and Implementation Support by KLAS. Nordic’s team of consultants averages nine years of Epic experience and four Epic certifications. The Company currently serves over 40 clients in 23 states.

Mark Bakken, co-founder and Chief Executive Officer of Nordic, said, “We’re excited to collaborate with financial partners who are equally focused on creating success for the healthcare industry, and who recognize the value Nordic brings to the sector.  This relationship is beneficial to both our clients and our employees, ensuring that we have the financial resources, experience and network to execute our vision of providing the industry’s highest-quality Epic consulting services.”

Don Holbrook, Director of Bowstring Advisors, commented, “Our mission is to advise market-leading, high-performing services firms like Nordic. SV Life Sciences, Health Enterprise Partners and HLM Venture Partners bring more than growth capital to the equation. Their knowledge and network in healthcare will be very valuable to Nordic during its next phase of growth.”

Terms of the transaction were not disclosed.

We’re excited to collaborate with financial partners who are equally focused on creating success for the healthcare industry, and who recognize the value Nordic brings to the sector.

Mark Bakken
CEO
Nordic