has been recapitalized by
Brightree is the leading provider of cloud-based software for the post-acute care industry.
Brightree provides a suite of SaaS solutions for HME, Home Health, and Hospice providers.
The Company’s management team had grown the Company quickly since joining and investing in the Company several years ago. The original founders were ready for a liquidity event while the management team wanted to explore partnerships for continued growth. Croft & Bender led the Company through a process that included identifying potential partners, drafting the offering memorandum and related materials, marketing the Company, evaluating offers, selecting a partner, and negotiating the transaction.
Croft & Bender ran a successful process in giving the Company multiple alternatives with several attractive partners. The Company was recapitalized with equity financing from Battery Ventures, a nationally-recognized private equity firm that brought capital and expertise in the software industry. C&B Capital also participated in the transaction.