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Carlsquare advised Streamline Health in its acquisition of Avelead

Carlsquare announced the close of Streamline Health Solutions, Inc.’s (NASDAQ: STRM) (“Streamline”) acquisition of Avelead Consulting, LLC (“Avelead”), a recognized leader in providing solutions and services to improve revenue integrity for healthcare providers nationwide.

Terms of the deal include closing cash and stock consideration valued at $20 million, subject to customary post-closing adjustments for working capital, cash, debt and transaction expenses, and a performance-based earnout with an estimated value of $15 million. The acquisition is expected to be financed with a combination of cash and restricted shares of Streamline’s common stock.

This acquisition better positions us to fulfill our mission to help providers improve their financial performance by ensuring the capture of compliant revenue – and the mitigation of over billing risk  – before a bill goes out the door.”  Tee Green, President and Chief Executive Officer, Streamline Health

We have enjoyed working with John Cooper and Susan Blanco and the team at Carlsquare on this transaction. They brought great value to us and our shareholder base with their understanding of our business and their transaction expertise.

In the current provider environment, revenue integrity and RCM is more critical than ever. We recognized that Avelead would be a strong strategic fit for Streamline and will help accelerate growth in these markets,” stated John Cooper, Managing Partner at Carlsquare, “We were pleased to play a role in combining these two enterprises.

About Streamline Health

Streamline Health Solutions, Inc. (NASDAQ: STRM) is a healthcare industry leader in capturing, aggregating, and translating enterprise data into knowledge – providing actionable insights that support revenue cycle optimization for healthcare enterprises. Streamline Health Solutions delivers integrated solutions and analytics that enable providers to drive reimbursement in a value-based world.

Capital Clarity acted as exclusive financial advisor to Streamline Health. Carlsquare and Capital Clarity merged in 2023.

Streamline Health
Susan  Blanco
Susan Blanco LinkedIn
Managing Partner
John  Cooper
John Cooper LinkedIn
Managing Partner