July 11, 2022
Clearsight Advises Harmony Healthcare in its Acquisition by Addison Group
Clearsight Advisors, Inc. (“Clearsight”) is pleased to announce another successful transaction in its industry leading Healthcare Consulting and Human Capital Management practices. Clearsight served as the exclusive financial advisor to Harmony Healthcare, LLC (“Harmony” or the “Company”), a portfolio company of SCP & Co., in its acquisition by Addison Group, LLC (“Addison”), a portfolio company of Trilantic North America.
Harmony is a human capital management company providing non-clinical healthcare workforce and strategic consulting solutions to enable superior financial and clinical outcomes for the healthcare industry. Based in Tampa, FL, the Company’s domain experts advise over 300 clients spanning top US hospitals, health systems and physician practices. Addison is a leading professional services firm specializing in talent solutions and consulting across multiple business sectors. This acquisition capitalizes on Harmony and Addison’s combined 28 years of experience in the healthcare market and further positions Addison as a leading provider of non-clinical talent resources, recruiting and consulting services.
Brandon Martin, President of Harmony, commended the transaction, “We are thrilled to join forces with Addison as we continue our mission to empower healthcare organizations with quality solutions. Clearsight’s advice, connections, industry knowledge and down-to-earth team added great value to this deal process, and we are thankful to the team for helping us reach this exciting milestone.”
“We’re honored to have worked with Harmony on this momentous transaction,” added Bhavin Patel, Clearsight Co-founder and Managing Director. “Harmony’s comprehensive suite of revenue cycle solutions for large hospital systems provides immense value in today’s challenging healthcare labor market. With Addison’s additional resources, Harmony is well positioned to continue its growth by solving clients’ operational and non-clinical challenges.”
Clearsight Vice President Emily Kasprzak noted, “The Harmony team has built a fantastic business primed to capitalize on the evolving market while providing industry-leading solutions to their clients. Addison represents a fantastic strategic and cultural fit and we’re excited for their future success.”
The Clearsight deal team included Bhavin Patel, Greg Treger, Emily Kasprzak, Jake Lipman and Logan Flake.