June 23, 2022
Croft & Bender Serves as Financial Advisor to InductiveHealth on its Growth Recapitalization Led by Diversis Capital
Croft & Bender, an Atlanta-based investment banking firm, is pleased to announce its client, InductiveHealth Informatics, Inc. (“InductiveHealth” or the “Company”), has successfully completed a growth recapitalization led by Diversis Capital.
Headquartered in Atlanta, GA, InductiveHealth is a leading provider of disease surveillance solutions, delivering critical technology and services to state and federal public health agencies. The Company’s offerings include cloud-based Software-as-a-Service solutions, as well as technical solutions and value-added services, which include consulting, systems engineering and data integration, processing and warehousing.
Croft & Bender served as the exclusive financial advisor to InductiveHealth on the transaction. “Croft & Bender served as a trusted financial advisor and effectively positioned the Company to maximize interest from potential investors. Their experience, sound advice and hard work were instrumental in helping us achieve a great outcome,” said InductiveHealth CEO and Co-Founder, Matthew Dollacker. "This investment will allow InductiveHealth to pursue significant product development initiatives. Having the ability to push our innovation practices even further with Diversis, and to grow our world-class team, will mean that we can provide essential public health surveillance and response solutions to even more areas around the country, and eventually the world.”
"Diversis is excited to partner with another amazing and future-looking company," said Diversis Co-Founder and Managing Partner, Kevin Ma, "The work that InductiveHealth is doing is vital to improving public health capabilities, and we believe that our growth investment in them will prove to be something that will genuinely help change the public health landscape for years to come."
“It was a privilege to work with InductiveHealth founders, Matt Dollacker and Stephen Macauley, as well as the rest of the InductiveHealth leadership team,” commented Ronnie Goldman, Managing Director at Croft & Bender. “Their surveillance solutions are mission critical to public health departments, and we are excited to see the Company’s ongoing innovation and growth in expanding those capabilities with Diversis as a partner.”