Thoma Bravo's Behind the Deal cover image

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.
37:43

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Quick takeaways

  • Strategic partnerships and carving out value can lead to the creation of successful standalone companies.
  • Sintellis provided enterprise performance management software to help hospitals improve profitability in a changing healthcare landscape.

Deep dives

Partnership with Sintellis

Tomabravo and Madison Dearborn partners joined forces to invest in Sintellis, a major player in the enterprise performance management business selling software to large hospitals, banks, colleges, and universities. They identified the opportunity to carve out and build on value, leading to the creation of a standalone company called Sintellis. After three years of improving operations and driving innovation, Sintellis was sold to Roper Technologies in a $1.4 billion deal.

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