Riordan, Lewis & Haden Equity Partners (RLH) has made an investment in The Chartis Group, a strategy consulting firm serving hospitals and other healthcare organizations. RLH partnered with the existing Chartis’ management team, led by founding partners Ken Graboys, Ethan Arnold, and Chris Regan, on this transaction.
The Chartis Group is an advisory services firm that provides management consulting and applied research to healthcare organizations. The firm assists its clients with strategic decisions on economic matters such as developing or participating in an accountable care organization, acquisitions of physician groups, geographic expansion of the care delivery footprint, and achieving efficient care delivery processes at each site. Chartis’ roster of clients includes over 60 nationally renowned academic medical centers, 9 of the top 10 children’s hospitals in the US, 81% of US News honor roll hospitals, and 20 of the top 25 cancer centers nationwide. The Chartis Group has offices in New York, Boston, Chicago and San Francisco (www.chartisgroup.com).
“Chartis brings great expertise to help its provider clients make key decisions in the context of game-changing recent legislation and intensive industry regulation. Demand for the company’s experienced insights is growing rapidly as large healthcare systems address the increasing complexity and rapid pace of change in the US healthcare system. The company has the strong cohesive leadership, high organic growth rate, critical mass of revenue, outstanding reputation, and exciting market opportunity that make it an excellent fit with RLH’s investment focus,” said J. Christopher Lewis, Managing Director of RLH.
Riordan, Lewis & Haden invests in high growth, lower middle market companies that have revenues from $20 million to $150 million. Sectors of interest include business services, healthcare, and government services. The firm currently manages over $500 million of assets and is actively seeking new portfolio companies. Riordan, Lewis & Haden is based in Los Angeles (www.rlhequity.com).
© 2013 PEPD • Private Equity’s Leading News Magazine • 2-6-13
