CHILDS Advisory Partners. The Preferred Investment Bank for the Middle Market

CHILDS Advises Nordic In Its Recapitalization

 

Atlanta, GA, October 8, 2012 – CHILDS Advisory Partners (“CHILDS”) served as the exclusive financial advisor to Nordic Consulting (“Nordic”), in its recent growth capital raise with SV Life Sciences, Health Enterprise Partners and HLM Venture Partners.  This investment will enhance the Company’s ability to meet the growing demand within the rapidly expanding Epic EMR market. 

Nordic is a leading provider of healthcare IT consulting services, with an exclusive focus on the Epic software suite. In June 2012, the Company was ranked #1 in Epic Staffing and Implementation Support by KLAS.  Nordic’s team of consultants averages nine years of Epic experience and four Epic certifications.  The Company currently serves over 40 clients in 23 states.   `

Mark Bakken, co-founder and Chief Executive Officer of Nordic, said, “We’re excited to collaborate with financial partners who are equally focused on creating success for the healthcare industry, and who recognize the value Nordic brings to the sector.  This relationship is beneficial to both our clients and our employees, ensuring that we have the financial resources, experience and network to execute our vision of providing the industry’s highest-quality Epic consulting services.”

Don Holbrook, Director of CHILDS Advisory Partners, commented, “Our mission is to advise market-leading, high performing services firms like Nordic.  SV Life Sciences, Health Enterprise Partners and HLM Venture Partners bring more than growth capital to the equation.  Their knowledge and network in healthcare will be very valuable to Nordic during its next phase of growth.”

Terms of the transaction were not disclosed.

 

About Nordic Consulting

 Nordic Consulting is the largest Epic-only consulting firm in the country, and offers implementation, upgrade and optimization services.  The Company’s team of senior level professionals has worked with hundreds of hospitals and clinics nationwide, and collectively is certified in every Epic application.  The Company was founded in 2010 and is located in Madison, Wisconsin.  

About SV Life Sciences

SV Life Sciences is a leading international life sciences venture capital firm, closing its first dedicated life sciences fund in 1994.  SV Life Sciences currently manages five funds, with approximately $2.0 billion of capital under management.  It focuses on opportunities within the biotech, medical devices and health-care services industries.  Founded in 1993, SV Life Sciences has offices in Boston, London and San Francisco.

About Health Enterprise Partners

 Health Enterprise Partners, L.P. (www.hepfund.com) invests primarily in privately held, profitable, middle market companies in the health care information technology and health care service sectors. Our strategy is to leverage HEP’s unique and extensive hospital system and health plan network, 21 members of which are investors in our funds. We seek to invest in companies that improve the quality of the patient experience, reduce the cost of health care, and improve operating margins for their customers, typically hospital systems and / or health plans. 

About HLM Venture Partners

HLM Venture Partners is a leading venture capital health care investor, having provided over $400 million in capital to companies.  HLM acts as an involved, committed investor, providing management with consultation, advice and constructive dialogue.     

 

 

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About CHILDS Advisory Partners

CHILDS Advisory Partners provides exceptional investment banking services to high‐performing business services and technology companies. Our unique combination of global sector focus, process excellence and strength of team allow us to achieve successful outcomes for our clients. Collectively, our senior bankers have executed over 450 M&A and financing transactions. CHILDS is a member of FINRA and SIPC and is a registered broker‐dealer.

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