Atlanta, GA, October 24, 2014 – CHILDS Advisory Partners (“CHILDS”) served as the exclusive financial advisor to ScribeAmerica, LLC (“ScribeAmerica” or the “Company”) in its recent recapitalization with Chicago Growth Partners (“CGP”). CGP’s investment will support ScribeAmerica’s growth and commitment to providing best-in-class managed medical scribe services to the healthcare industry.
ScribeAmerica is the nation’s largest and most frequently used medical scribe company with more than 4,500 employees providing services for over 535 medical facilities in 44 states. Founded in 2004, the Company transformed the concept of medical scribes from a sparsely used resource into a national industry. ScribeAmerica initially focused solely on providing scribe services in emergency departments, but has since expanded to service outpatient, inpatient, and urgent care facilities. The Company’s managed medical scribe programs significantly increase physician productivity, improve clinical quality, and reduce the administrative burden on physicians, providing clear ROI for medical facilities.
Dr. Michael Murphy, co-founder and CEO of ScribeAmerica, said “We are thrilled about our new partnership with Chicago Growth Partners – it is an exciting step in helping ScribeAmerica continue to grow and improve upon the delivery of medical scribe programs. The investment experience and operational expertise of the CGP principals in healthcare services will be invaluable as we continue to grow our service offerings and geographic footprint.” Dr. Murphy further notes, “We are very thankful for the CHILDS team and their counsel, dedication, and assistance in finding the right partner for ScribeAmerica.”
Cooper Mills, Managing Director at CHILDS Advisory Partners, said, “ScribeAmerica is an excellent story and has transformed the way many hospitals and healthcare facilities are managed. We were delighted to work with a premier management team with the unique vision to build the clear industry leader in managed medical scribe programs. The management’s enthusiasm, combined with our sector focus, led to the identification of the right partner for ScribeAmerica. ScribeAmerica’s management and CGP share the same vision for the Company’s continued high-growth and dedication to driving efficiencies for healthcare providers across the nation.”
ScribeAmerica’s recapitalization by CGP was effective July 28, 2014. Terms of the transaction were not disclosed.
ScribeAmerica is the leading provider of managed medical scribe services to the healthcare industry. ScribeAmerica offers turnkey professional medical scribe programs within which it recruits, qualifies, hires, trains, and manages scribes for a wide variety of medical settings. Founded in 2004 and headquartered in Fort Lauderdale, FL, the Company operates with more than 4,500 employees in 44 states. For more information, please visit www.scribeamerica.com.
About Chicago Growth Partners:
For over 25 years and across more than 100 growth companies, the principals of Chicago Growth Partners have partnered with quality management teams to help facilitate their growth objectives. CGP executes its growth-focused investment strategy across four industries: Education, Healthcare, Tech-Enabled Services and Industrial Technology, where their expertise in information technology, marketing, and finance can be helpful to management teams. For more information on Chicago Growth Partners, please visit www.cgp.com.
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.
For further information please contact:
P: (404) 751-3000
F: (404) 751-3001
CHILDS Advisory Partners
3438 Peachtree Road NE
Atlanta, Georgia 30326
“We are fortunate to have a strong team of smart, driven professionals who won’t settle for less than the best. It’s that drive that high-growth clients and private equity firms count on for results over the long-term.”
—Jim Childs, Founder
CHILDS Advisory Partners