Healthcare & Life Sciences Private Equity Deal Tracker: GTCR Acquires Experity

McGuireWoods LLP

GTCR has announced it has acquired a majority equity stake in Experity.

Experity, based in Machesney Park, Ill., is a provider of SaaS software solutions and technology-enabled services for the urgent care industry. Founded in 2019, the company states it provides electronic medical record, practice management and patient engagement software, revenue cycle management solutions and outsourced teleradiology services to more than 5,700 urgent care clinics in the United States.

GTCR, based in Chicago, pursues a wide range of investments in several industries, including healthcare. Founded in 1980, the firm prefers to make more substantial investments from a dollars perspective.

GTCR’s investment in Experity was made in partnership with the company’s founder, Dr. David Stern, who made a substantial reinvestment. Warburg Pincus, Experity’s previous majority investor, retained a minority ownership stake.

Warburg Pincus, based in New York, is a global private equity firm focused on growth investing. Founded in 1966, the firm takes a long-term perspective and invests in businesses at all stages of development within healthcare and several other sectors.

Terms of the acquisition were not disclosed.

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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