Francisco Partners has acquired Office Ally
Meridian Capital LLC (“Meridian”), a leading Seattle-based middle market investment bank and M&A advisory firm, is pleased to announce the successful acquisition of one of its clients, Office Ally (the “Company”) by Francisco Partners (“Francisco”). Meridian served alongside Lazard as a financial advisor to Office Ally on the transaction.
Office Ally is a leading provider of electronic clearinghouse services, revenue cycle management, and healthcare software solutions to payers and office-based physicians in the U.S. Since 2000, Office Ally’s comprehensive product portfolio of mission-critical solutions has enabled its customers to drive better operational results and streamline administrative workflows. Today, Office Ally processes approximately 25 million claims monthly for more than 720,000 providers and 4,000 payers nationwide.
The investment by Francisco Partners will provide Office Ally with a new partner to help capitalize on its current momentum and continue to drive product innovation and growth, with a strong continued focus on supporting its customers.
Gloria Chung, Office Ally COO, stated, “For many of us, this was our first experience in a sale process and the Meridian Capital team’s hands-on approach helped get the deal to the finish line successfully. They worked tirelessly alongside us, providing guidance and support every step of the way. I am excited for our next chapter of growth with Francisco Partners and the opportunity this acquisition provides for our customers and our team.”
Patrick Ringland, Managing Director and Head of the Technology Practice at Meridian stated, “Working with the Office Ally team has been an absolute pleasure. This transaction is a testament to the strength of the platform the Company has built over the past 21 years. We are excited about the Company’s next phase of growth offered through this investment by Francisco.”
|Global M&A Offices||
Meridian Capital LLC (Global M&A USA)
|Global M&A Advisory||Advisor to the seller|