Thoma Bravo's Behind the Deal

How Syntellis Grew from a Software Carveout to a Successful Standalone Company

Nov 2, 2023
Learn about the successful carveout and sale of Syntellis, a performance management software business. Explore the challenges hospitals face and the importance of software systems. Discover the rebranding journey, the three-way partnership, and the balancing of healthcare costs and insurance payments.
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INSIGHT

Carveout Creates Focused Software Growth

  • Syntellis emerged from a carve out of Kaufman Hall's software business enhanced by a merger with a competitor's software. - Carving out software from consulting creates focus and growth opportunities for both.
ANECDOTE

Breakfast Meeting Sparks Partnership

  • AJ Rohde and Flint Brenton met in person during the middle of the COVID pandemic for a breakfast meeting in a small diner. - They continued their conversation in Flint's pickup truck and cemented their partnership there.
ADVICE

Strategize For Growth Opportunities

  • Assess your market to find high-growth segments where you have unique strengths. - Realign your portfolio through product development and strategic M&A for meaningful growth.
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