Specialty investment bank Ziegler served as exclusive financial advisor in the sale of Fazzi Associates to Mediware Information Systems, a portfolio company of TPG Capital and a provider of software solutions for healthcare and human service providers and payers.
Founded in 1978, Fazzi is one of the largest companies serving the home health and hospice industries, serving more than 1,400 agencies across all 50 states. It also provides medical coding, billing, consulting, education, CAHPS, benchmarking and research solutions.
With the acquisition of Fazzi, Mediware will have a greater capacity to help post-acute and community-based providers increase efficiency and improve clinical, financial and operational performance to advance patient care.
Mark Turco, director in Ziegler’s Corporate Finance Healthcare practice, commented, “Fazzi’s management team has leveraged its deep domain expertise to develop a comprehensive solution suite to address the evolving complexities affecting the post-acute sector, and this solution set is a natural fit with Mediware’s existing software products and customers. We are thrilled to have represented Fazzi Associates in this transaction.”
“Together, Mediware and Fazzi Associates are well-positioned for rapid growth as we continue to expand the ways we can help our home health and hospice customers be successful,” said Tim Ashe, Fazzi Associates’ president. “We are extremely excited about this partnership and thank Ziegler for providing valuable strategic and financial advice throughout the process.”