Success Stories

TRANSACTION SUPPORT

Clairvia, Incorporated served more than 400 healthcare organizations, medical facilities, nursing departments, and group practices with advanced software solutions for patient and staff management. The company offered the Care Value Management (CVM) suite – a comprehensive software suite that empowered healthcare providers to deliver the right caregivers to the right patient at the right time.

Engagement

Clairvia engaged ST Advisors in 2009 for a one day “strategic diagnostic” followed by a more in-depth review of the company’s ultimate valuation drivers and potential strategic partners and buyers. After a corporate rebranding, we then assisted Clairvia’s management in developing a management presentation to introduce the company, its solutions, and its core value proposition to potential strategic partners.

From there, our relationship deepened to an ongoing retainer relationship where we worked with management to assess strategic options and goals. When it came time to contemplate a strategic exit, we worked with management to engage the appropriate investment bank and served as co-advisor in Clairvia’s sale to Cerner Corporation, bringing our transaction experience and strategic perspective to counsel the CEO throughout the process.

Results

Cerner Corporation acquired Clairvia in October 2011, providing an excellent outcome for all parties involved.

"After engaging in a Strategic Diagnostic, Clairvia decided to enlist ST Advisors for a broader strategic analysis of our ultimate liquidity options. From that day forward, Ben became my valued and trusted advisor. Over the next several years we leveraged his deep expertise and well rounded outside perspective to provide us the necessary coaching and feedback while looking out for the company’s best interest. When we started receiving attention from potential strategic buyers, ST Advisors transitioned into a trusted 'M&A Coach' who helped us select our banker, and never left our side during the entire transaction. I am very grateful for their support, advocacy, and work through the entire, successful process."

– Beth Pickard

former CEO of Clairvia

Outsider Perspective with Insider Knowledge®