NASHVILLE, Tennessee (September 2017) — Bailey Southwell & Co., LLC (BSC) is proud to announce the sale of MorCare, LLC (MorCare), a provider of care, quality, and risk and performance management solutions to the healthcare industry, to Harris Healthcare, the healthcare group of N. Harris Computer Corporation (Harris). Harris is a wholly-owned division of Constellation Software Inc. (TSX:CSU), which acquires, manages, and builds vertical market software businesses that provide mission-critical software solutions. Financial terms were not disclosed.
BSC acted as the exclusive strategic and financial advisor to MorCare.
MorCare’s population health management and performance outcomes management solutions streamline the transition to value-based care for healthcare organization of all sizes. With the addition of MorCare’s innovative suite of SaaS solutions and talented team of healthcare IT professionals, Harris enhances its team of clinical software experts and expands its suite of software solutions for streamlining care management for hospitals and other healthcare providers throughout the continuum of care. MorCare’s focus on the safety and quality of patient care furthers the Harris strategy of delivering targeted solutions to the healthcare IT market.
“As a former M&A advisor, I recognized the value of bringing in an investment bank with extensive industry expertise as a trusted resource when considering the sale of our company,” stated Gregg Pollack, CEO of MorCare. “Bailey Southwell demonstrated tremendous attention to detail and strong process management skills, which enabled us to achieve our goal of a successful transaction. I look forward to working with the Bailey Southwell team again in the future.”
About Bailey Southwell & Co., LLC
Bailey Southwell & Co., founded in 2005, is a privately held investment bank located in Nashville, Tennessee. BSC provides mergers and acquisition and capital raising advisory services to middle market companies. More information about BSC can be found at www.baileysouthwell.com.
About MorCare, LLC
MorCare, LLC, based in Chicago, was formed in January 2016 as part of the reorganization of Morrisey Associates, Inc. (now Morrisey, A HealthStream Company). MorCare has provided care, quality, risk, and performance management solutions to the healthcare industry since 2004. MorCare’s population health management, performance outcomes management, and consulting solutions help healthcare organizations manage the transition to value-based care while improving patient outcomes, satisfaction, and safety. More information about MorCare can be found at www.morcarellc.com.
About N. Harris Computer Corporation
Since 1976, Harris has focused on providing feature-rich and robust turnkey solutions to Public Sector, Schools, Utility, and Health Care agencies throughout North America. Harris’ focus is on creating long-term relationships with its customers and ensuring that it meets the changing needs of its customers over time. More information about Harris can be found at www.harriscomputer.com.