Bowstring Advises Vonlay in its Acquisition by Huron Consulting Group
May 27, 2014 | Atlanta, GA
Bowstring Advisors (“Bowstring”) served as the exclusive financial advisor to Madison-based Vonlay, LLC (“Vonlay”), in its recent acquisition by Huron Consulting Group Inc. (“Huron”). Vonlay operates as a healthcare technology consulting firm, specializing in clinical, scheduling and revenue cycle information systems and electronic health records (EHR) implementations and optimizations.
Vonlay offers a robust suite of HIT optimization, implementation, maintenance and staff augmentation services, including helping clients execute, upgrade, and maintain EHRs, build patient portals, convert to ICD-10, meet “meaningful use” requirements, and aggregate and analyze data. The Company’s expertise in healthcare information technology (HIT), particularly EHR systems, expands Huron Healthcare’s capabilities empowering hospitals, health systems, and academic medical centers to improve their operations and care delivery.
“Huron understands that providers have significant and ongoing needs for information systems to produce high-quality data accessed in real time, to provide new ways to engage patients, to enhance quality and safety, and to increase efficiency,” said Aaron Carlock, Managing Partner, Vonlay. “We are excited to join such an outstanding organization, with a proven track record for improving operations and transforming care.”
“We engaged Bowstring Advisors based on their exceptional M&A track record in the healthcare technology and IT consulting sectors. Bowstring’s industry knowledge, attentive client service and commitment to our transaction objectives provided a very successful outcome for us,” said Kolpien.
Tom Donahue, Managing Director at Bowstrings Advisors, said, “Our HIT sector coverage and Vonlay’s impressive growth and focus on execution led to a competitive process and identification of the right partner for the Company. The management team and Huron share the same vision for the Company’s growth and continued dedication to its clients.”
This transaction marks the sixth healthcare IT consulting transaction on which Bowstring was the advisor. The acquisition of Vonlay by Huron was effective May 2, 2014. Terms of the transaction were not disclosed.
We are excited to join such an outstanding organization, with a proven track record for improving operations and transforming care.