05/26/2021
Citizens Advises Simple Admit on its Merger with HST Pathways
PROVIDENCE, RI – Citizens M&A Advisory announced today that it served as the exclusive financial advisor to Simple Admit, a leading provider of automated patient relationship management solutions for surgery centers, on its merger with HST Pathways, a Bain Capital portfolio company and leading provider of cloud-based software focused on the ambulatory surgery center (“ASC”) space.
For over a decade, Simple Admit has crafted industry-leading software solutions that connect patients with ASC staff through user-friendly online services that improve efficiencies, communication and cost savings from pre-admissions through post-op care. The combined HST Pathways and Simple Admit platform will deliver a best-in-class approach to outpatient surgery, transforming revenue cycle management, the patient experience and case volumes.
Dan Coholan, founder and chief executive officer of Simple Admit, said: "We greatly appreciate the efforts made by Dominic Barakat, Justin Bentley and the entire Citizens team in bringing about a successful outcome for Simple Admit. Their knowledge of front-end patient access and workflow software, along with deep experience executing transactions in the sector, helped us find the perfect partner with whom to build a disruptive, wholistic platform focused on the ASC space."
“We’re thrilled to aid Dan and his team in achieving a fantastic result with a great partner,” said Justin Bentley, managing director at Citizens. “Simple Admit’s technology, in combination with HST Pathways, will provide ASCs and their patients with better experiences, connectivity and efficiencies.”
Citizens M&A Advisory specializes in middle-market mergers and acquisitions. Citizens combines sector intelligence with a client-focused approach to realize our clients’ true value. The Citizens team has closed more than 170 transactions in the last five years and has more than 60 M&A professionals specializing in a range of industries across the United States. Citizens M&A Advisory is part of Citizens Capital Markets, Inc., a subsidiary of Citizens Financial Group (NYSE: CFG).
About Citizens Financial Group, Inc.
Citizens Financial Group, Inc. is one of the nation’s oldest and largest financial institutions, with $187.2 billion in assets as of March 31, 2021. Headquartered in Providence, Rhode Island, Citizens offers a broad range of retail and commercial banking products and services to individuals, small businesses, middle-market companies, large corporations and institutions. Citizens helps its customers reach their potential by listening to them and by understanding their needs in order to offer tailored advice, ideas and solutions. In Consumer Banking, Citizens provides an integrated experience that includes mobile and online banking, a 24/7 customer contact center and the convenience of approximately 3,000 ATMs and approximately 1,000 branches in 11 states in the New England, Mid-Atlantic and Midwest regions. Consumer Banking products and services include a full range of banking, lending, savings, wealth management and small business offerings. In Commercial Banking, Citizens offers a broad complement of financial products and solutions, including lending and leasing, deposit and treasury management services, foreign exchange, interest rate and commodity risk management solutions, as well as loan syndication, corporate finance, merger and acquisition, and debt and equity capital markets capabilities. More information is available at www.citizensbank.com or visit us on Twitter, LinkedIn or Facebook.
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