Kinderhook Industries, LLC announced a definitive agreement to sell Telehealth 2017 Holdings, LLC, (Synzi) to AMN Healthcare Services, Inc. for a purchase price of $42.5 million. The acquisition closed on April 7, 2021.
Synzi, based in St. Petersburg, Florida, is a technology company that drives better consumer access to care with a state-of-the-art communication platform. Synzi’s HIPAA-compliant virtual care and remote consumer monitoring platforms enable organizations to conduct virtual visits and use secure messaging, text, and email for primary care professional-to-consumer and primary care professional-to-primary care professional communications. Multiple participants can be included in virtual visits including medically-certified interpreters, referring primary care professionals, and family caregivers.
AMN Healthcare is the leader and innovator in total talent solutions for health care organizations across the nation. AMN Healthcare provides access to the most comprehensive network of quality health care professionals through its innovative recruitment strategies and breadth of career opportunities.
MTS Health Partners, L.P. acted as exclusive financial advisor to Synzi, and Kirkland & Ellis provided legal counsel. AMN received legal counsel from Sheppard Mullin.
Founded in 2003, Kinderhook Industries, LLC is a private investment firm that manages over $3.3 billion of committed capital. The company has have made in excess of 250 investments and follow-on acquisitions since inception. Kinderhook’s investment philosophy is predicated on matching unique, growth-oriented investment opportunities with exceptional financial expertise and a proprietary network of operating partners. Kinderhook’s focus is on middle market businesses with defensible niche market positioning in the health care services, environmental/business services, and automotive/light manufacturing sectors. The company has a track record of successfully and consistently building industry leaders.
Synzi, based in Florida, offers a consumer program management framework that combines video, email, texting and secure messaging communication modalities for health care organizations to address specific consumer needs easily, efficiently, and seamlessly. Synzi uses a sophisticated platform and configurable framework which automates and optimizes workflows across multiple modalities. This creates more valuable connections and more effective care, while bringing convenience and peace of mind to consumers/members. The company helps enable better performance for health care organizations, better access for consumers, and better outcomes for all. Synzi is focused on virtual care solutions for home health care, health systems and health plans offering a scalable Software-as-a-Service (SaaS) business model.
AMN Healthcare is the leader and innovator in total talent solutions for health care organizations across the nation. AMN Healthcare provides access to the most comprehensive network of quality health care professionals through its innovative recruitment strategies and breadth of career opportunities. With insights and expertise, AMN Healthcare helps provider organizations optimize their workforce to successfully reduce complexity, increase efficiency and improve consumer outcomes. AMN total talent solutions include managed services programs, clinical and interim health care leaders, temporary staffing, executive search solutions, vendor management systems, recruitment process outsourcing, predictive modeling, language interpretation services, revenue cycle solutions, and credentialing. Clients include acute-care hospitals, community health centers and clinics, primary care professional practice groups, retail and urgent care centers, home health facilities, and schools. AMN Healthcare is committed to fostering and maintaining a diverse team that reflects the communities served.
This was reported by Kinderhook on May 7, 2021.
Contact information: Christian Michalik, Managing Director, Kinderhook, 505 Fifth Avenue, 25th Floor, New York, NY 10017; 212-201-6782; Email: email@example.com; Website: https://www.kinderhook.com/