LOS ANGELES, CA – Riordan, Lewis & Haden | Equity Partners (“RLH”) is pleased to announce that its portfolio company, The Chartis Group (“Chartis” or “Company”), has been acquired by Audax Private Equity, a leading private equity investor in middle market companies. Chartis is a premier advisory firm that helps the senior leadership of academic medical centers, integrated healthcare delivery networks, and hospitals address their most important and pressing challenges. Chartis’ expertise encompasses strategic planning, performance excellence, informatics and technology, and health analytics.
RLH is exceptionally proud of Chartis’ success in growing its business more than three-fold during RLH’s involvement while staying true to its stated principles such as “we value traits like kindness, humility, and collaboration above all else.” The Company’s financial success is matched by numerous recognitions of the quality of its solutions (including earning multiple “Best in KLAS” awards) and of the strength of its culture (including multiple years in Modern Healthcare’s annual list of the 25 Best Places to Work). While earning these honors, the Company very effectively executed on geographic expansion and the addition of multiple service offerings. We congratulate the Company’s senior leadership team – Ken Graboys, Ethan Arnold, and Chris Regan – and the entire Chartis organization on their achievements and wish the Company continued success in the future.
Terms of the transaction were not disclosed. Lincoln International served as financial advisor, and Winston & Strawn LLP served as legal advisor, to Chartis.