We are focused on a business combination with an established, technology-enabled, information-driven company which is transforming the way that care is delivered, reducing the friction in the patient care journey, and delivering care in lower-cost, higher-value ways
We will seek an initial target that shows opportunity for organic growth. We will also look for embedded or underexploited growth opportunities. We expect this business to have the potential for significant growth, through expansion into new modalities markets and geographies, expense reduction and increased operating leverage.
We intend to focus on acquisition targets that are leaders or have the potential to develop a leading, growing or niche market position in their respective industries. We will assess the strengths of the target businesses relative to their competitors. We will seek to acquire a platform company that we believe have the ability to demonstrate advantages when compared to their competitors, which organically and through add-on acquisition will improve their leadership position in the market served and materially enhance its enterprise value.
We plan to focus on investing in an established, scaled business that will serve as a viable platform solution in the tech-enabled, information-driven healthcare industry that has the right operating and technology infrastructure, management team and client base to support strategic add-on acquisitions. Subsequent strategic acquisitions will be designed to build out an integrated, comprehensive platform positioned to increase client wallet share, enjoy sustained organic growth and category leadership.
Within the tech-enabled, information-driven healthcare industry sector, we believe the middle market represents the core of businesses that have demonstrated relevant market adoption. It is also where we believe we have a very strong network and where there are the greatest breadth of attractive opportunities.
Healthcare stakeholders are increasingly investing in digital-first solutions to transfer service deliver, enhance the value proposition, and improve their own financial performance. We intend to focus on business models that are well positioned to capitalize on this clear advancement toward digital healthcare. Our primary emphasis will be on opportunities within the digital care journey optimization, virtual care / telehealth, and personalized medicine market segments, where the need for innovative technology, data and information solutions, stakeholder collaboration and consumer engagement is highest, and where the competitive landscapes are most fragmented, creating an opportunity to build a category leader with a durable long-term growth opportunity.
We intend to pursue opportunities that are well aligned with the foundational goals of value-based care, including optimizing the appropriateness, access, cost and quality of individual care. We believe business models that enhance value for one stakeholder solely at the expense of another, or that potentially increase overall cost to the healthcare system, may ultimately face growth and/or margin pressures as U.S. healthcare continues its evolution toward value-based care.
We intend to acquire a business that will benefit from access to the public market capital to accelerate its growth and materially increase its enterprise value. As a corollary, we believe that our investment thesis coupled with the target company’s management team, client base and growth characteristics will present an attractive investment thesis to the public market and our investors.
