January 29, 2010
HealthTrans, a Pharmacy Benefit Manager, Completes Private Financing
Denver, CO – 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, partner 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.”
SDR Ventures, Inc.
A Colorado-based investment bank specializing in mergers and acquisitions, private placements of debt and strategic advisory services for the privately-held marketplace. SDR specializes in subordinated debt placements from $200,000 to $2,000,000 for growth capital, restructuring, and acquisition needs. Based in Greenwood Village, SDR has transaction and funding experience with lower middle-market companies in the Business Services, Manufacturing and Distribution industries.
Headquartered in Greenwood Village, CO, HealthTrans provides information technology solutions to deliver a wide range of healthcare transaction management services to more effectively manage pharmacy and medical expenditures. Further information on HealthTrans can be found at www.healthtrans.com