Clearsight Advises Tegria in its Acquisition by Altaris

Clearsight Advisors, Inc. (“Clearsight”) is pleased to announce another successful transaction in its Healthcare and Life Sciences Services practice. Clearsight served as the exclusive financial advisor to Tegria Services Group (the “Company” or “Tegria”), a company of Providence Health System, in its acquisition by Atlaris Capital Partners (“Altaris”). The Clearsight deal team included Greg Treger, Tory Steel, Austin Kuhn, Rhamy Belayachi, Abby Berry, and Arnav Singh. Read more from Tegria here:

“Tegria, a global healthcare services and solutions company, begins a new chapter under new ownership. On Jan. 2, New York based investment firm Altaris completed the acquisition of Tegria from Providence St. Joseph Health. With a 20+ year track record of success, Altaris is exclusively focused on acquiring and building companies in the healthcare industry.

Tegria will operate as a wholly owned portfolio company of Altaris, gaining access to new capital and growth opportunities, while continuing to serve Providence as a preferred technology services partner.

“Altaris is a tremendous partner for Tegria’s continued growth,” said Brian Cahill, CEO of Tegria. “The firm shares our focus and commitment to improving healthcare, which will allow us to continue to provide solutions and services that support our clients’ efforts to accelerate transformation, streamline operations, and advance care.”

This transaction establishes Tegria as a leading, independent provider of outsourced IT services that is well positioned to support healthcare providers and payers as they seek to modernize their technology infrastructure and reduce operating costs.”