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D.A. Davidson & Co. Acts as Exclusive Financial Advisor to Remarkable Health in Its Sale to Netsmart

NEW YORK–(Organization WIRE)–D.A. Davidson & Co. introduced now that it has served as exclusive money advisor to Amazing Overall health in its sale to Netsmart, a top supplier of healthcare application alternatives and services to help providers supply full-human being, value-dependent treatment.

Impressive Wellbeing is a software enterprise concentrated on supplying behavioral wellness, compound abuse, and human company companies with the know-how they will need to build efficiencies and streamlined person encounters so clinicians can emphasis on beneficial client results relatively than administrative obstacles. Impressive offers CT|One®, a objective crafted electronic overall health file (EHR) system and Bells, the industry’s 1st virtual medical documentation assistant powered by AI and pure language processing. The Bells option has demonstrated to ease the documentation burden and cut down documentation time by 50% and works as a companion to the EHR practical experience.

“The Behavioral Well being market has several beneficial tailwinds,” stated Greg Hartlein, a associate in D.A. Davidson’s Technology Financial commitment Banking Team. “The destigmatization of treatment method, emphasis on ‘Whole Human being Health’ by payors and health plans, and new afflictions brought on by the pandemic have resulted in unprecedented demand for products and services. At the very same time, the marketplace is undergoing a large labor shortage and a change to worth-based care. Providers want engineering, these as Extraordinary Health’s AI option, Bells, to do extra with significantly less, retain expertise, and submit medically accurate documentation more promptly. We were being thrilled to husband or wife with Pete and crew on this essential transaction and are thrilled to observe the following evolution of Bells with Netsmart.”

The combination in between Netsmart and Extraordinary Well being will provide purchasers of each corporations with more choices and enhanced clinician ordeals. The partnership will enhance providers’ digital workflows and medical employees efficiency employing AI improvements, and develop a new field regular for human solutions and post-acute treatment.

“D.A. Davidson ran an efficient and competitive course of action,” explained Peter Flick, CEO of Remarkable Health and fitness. “Their current market and market expertise led to an optimum transaction, ensuing in a fantastic result for shareholders, our clientele, and staff members. It was a good partnership with Greg and his group.”

D.A. Davidson’s technologies financial commitment banking practice is a person of the most lively middle sector groups in the United States, getting recommended on over 50 advisory and public equity transactions symbolizing much more than $20 billion in price considering that January 2021.

D.A. Davidson’s financial commitment banking division is a primary entire-support investment decision bank that features detailed economic advisory and cash marketplaces know-how. The team has in depth transaction working experience serving middle marketplace shoppers throughout the world across four marketplace verticals: shopper, diversified industrials, monetary establishments, and technologies.

With each other with its European strategic lover, MCF Corporate Finance, D.A. Davidson originates and executes transatlantic M&A transactions below the typical manufacturer of D.A. Davidson MCF Global.

About D.A. Davidson Providers

D.A. Davidson Businesses is an personnel-owned economical products and services agency giving a array of fiscal products and services and suggestions to individuals, companies, institutions and municipalities nationwide. Launched in 1935 and headquartered in Montana, with corporate places of work in Denver, Los Angeles, New York, Omaha and Seattle, the organization has about 1,475 employees and offices in 28 states.

Subsidiaries include: D.A. Davidson & Co., the largest total-services financial commitment organization headquartered in the Northwest, providing prosperity management, financial investment banking, equity and mounted revenue money markets solutions and assistance Davidson Expense Advisors, a experienced asset management agency D.A. Davidson Have faith in Corporation, a believe in and wealth management business and Davidson Fixed Profits Management, a registered investment adviser providing preset profits portfolio and advisory solutions.

For details, pay a visit to dadavidson.com.