DENVER – SDR Ventures, Inc. is pleased to announce a minority recapitalization of HealthTran, LLC d/b/a HealthTrans with equity capital provided by ABRY Partners. SDR Ventures served as the exclusive financial advisor to HealthTrans in arranging the financing.
Through this transaction, HealthTrans raised equity capital to fund organic growth and future acquisitions in the healthcare management solutions industry. Jack McClurg, CEO of HealthTrans, stated “From our early beginnings, profitable acquisitions have always been part of our strategic growth plan. We are excited about the opportunities our new partnership with ABRY provides us. In a dynamic and constantly changing industry, nimbleness is key. The combination of ABRY’s financial strength with the depth of our management team ensures our ability to grow quickly.”
ABRY Partners is a private equity investment firm focused on media, communications, business and information services investments. Brent Stone, Principal at ABRY, stated, “HealthTrans is a great company with a strong history of growth and we believe this partnership will greatly enhance that growth curve. We appreciate SDR’s professional handling of the transaction.” Lou Hutchinson, co-founder of HealthTrans, stated, “This transaction is key for HealthTrans’ accelerated growth. SDR has been one of HealthTrans’ trusted advisors for many years. SDR has never failed to deliver results for us.”