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CHILDS Advises Aspen Advisors in Joining The Chartis Group


Atlanta, GA, January 2, 2015 – CHILDS Advisory Partners (“CHILDS”) served as the exclusive financial advisor to Denver-based Aspen Advisors, LLC (“Aspen” or the “Company”) in its joining The Chartis Group (“Chartis”).  The combination will create a strategic healthcare consultancy unrivaled in its offering of comprehensive thought leadership and capabilities in strategic planning, accountable care, clinical transformation, and information technology.

Aspen is a top KLAS-ranked IT advisory services firm that works with healthcare organizations across the country to enhance performance through the strategic and effective use of information technology.  Aspen was recently ranked #3 in the Modern Healthcare annual ranking of the top 100 employers in the healthcare industry.  Chartis is a leading healthcare management consultancy that works with the nation’s foremost providers on enterprise critical matters.  Chartis was ranked this year by Vault as one of the top five boutique consultancies across all industries and one of the top 15 consulting firms of any size across all industries. 

“The healthcare industry stands on the precipice of great change, and no dimension has the potential to be more transformative than information technology and applied analytics. To continue to provide leading-edge healthcare advisory services, we must be able to bring our clients world-class capabilities in information technology and do so in a way that is powerfully integrated with their strategy, their clinical delivery, and their evolving business model,” said Ken Graboys, Managing Director and CEO of The Chartis Group. “And that is why we are so excited that Aspen Advisors will be joining The Chartis Group. Not only is Aspen the top healthcare IT consulting firm in the country, but our missions and cultures have extraordinary similarities. Both firms place the greatest primacy on thought leadership, and both are highly collaborative – with their clients and with each other.”

“We have created a special firm that has brought together industry all-stars who are passionate about serving our clients and bring deep healthcare information technology, clinical, operational, change management, and consulting expertise – people dedicated to delivering measurable value to our clients and driving change in our industry,” said Daniel Herman, Aspen Advisors Founder and Managing Principal. “Medical and information technology are catalysts for improving health status, providing access to services in cost effective settings, and demonstrating improved outcomes. We strongly believe that technology can no longer be seen merely as an enabler or business tool. It must be wholly integrated into the healthcare organization’s business model and means of healthcare delivery. Partnering with a healthcare strategy firm became intriguing to Aspen leadership, and we began working collectively with The Chartis Group on several client engagements. In working together, it became clear that we had found an exceptional partner that shares our mission and our values with which to extend our capabilities and impact.” Herman will serve on The Chartis Group Board of Directors and its Management Committee.

Tom Donahue, Managing Director of CHILDS Advisory Partners, commented, “Aspen and Chartis are perfect partners as the two management teams share the same mission to materially improve healthcare and continued dedication to their clients.”

This transaction marks the 10th healthcare IT consulting transaction on which CHILDS was the advisor and marks the 21st closed transaction for the CHILDS team in 2014.  The transaction was effective November 3, 2014.  Terms of the transaction were not disclosed.

  

About Aspen Advisors:

Aspen Advisors is a top-ranked IT advisory services firm with a rich mix of respected industry veterans and rising stars who are united by a commitment to excellence and ongoing dedication to healthcare. Aspen works with healthcare organizations across the country to enhance performance through the strategic and effective use of information technology. In November 2014, Aspen joined The Chartis Group to bring clients leading-edge thought leadership and capabilities in strategic planning, accountable care solutions, clinical transformation, and information technology.  The firm has earned accolades for its culture, service delivery, and growth. Aspen Advisors was named among the top 20 in Modern Healthcare’s “Best Places to Work in Healthcare” in 2011, 2012, 2013, and 2014 and earned several honors from Consulting Magazine, including being named one of its “Best Firms to Work For” in 2012 and 2014 and one of the “2014 Seven Small Jewels.” Aspen has consistently ranked highly in KLAS’ “Best in KLAS Awards.” In 2012 and 2013, Aspen was among the top three firms in KLAS’ “Overall Services Firms Ranking.” Learn more at www.aspenadvisors.net.

About The Chartis Group:

The Chartis Group is a national advisory services firm dedicated to the healthcare industry.  Chartis provides strategic planning, accountable care, clinical transformation, and information technology management consulting services to the country’s leading healthcare providers.  Chartis has been privileged to work with over two-thirds of the academic medical centers on the U.S. News & World Report “Honor Roll of Best Hospitals”, seven of the 10 largest healthcare systems, four of the five largest not-for-profit health systems, nine of the top 10 children’s hospitals, and many of the nation’s emerging accountable care organizations. The firm is comprised of uniquely experienced senior healthcare professionals and consultants who apply a distinctive knowledge of healthcare economics, markets, clinical models, and technology to help clients achieve unequaled results. The Chartis Group has offices in Boston, Chicago, Denver, New York, and San Francisco. For more information, visit www.chartis.com.

  

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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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