CLIENT TRANSACTIONS
H2C Advises Vizient on the Divestiture of its Contract Labor Management Business
October 2021
NEW YORK – H2C Securities Inc. (“H2C”), a healthcare-focused strategic advisory and investment banking firm, served as the financial advisor to Vizient, Inc. (“Vizient”) on its divestiture of the Contract Labor Management (“CLM”) business to Aya Healthcare, Inc. (“Aya”), which will transition it to Vaya Workforce Solutions (“Vaya”), a new subsidiary of Aya.
Vizient engaged H2C as a sell-side advisor. H2C worked with Vizient’s team to determine fair market value, negotiate the transaction and manage due diligence.
“This transaction allows H2C to build upon our robust healthcare services and technology transaction experience and serve a longstanding client,” said Nicholas Beale, Executive Director for H2C. Email Nick.
By transitioning Vizient's CLM services to Vaya Workforce Solutions upon the close of the transaction, health system clients will continue to seamlessly receive enhanced workforce services, including leading vendor management and staffing solutions.
“H2C’s experience with carve-outs—specifically in marketing, structuring, and other sell-side activities—allowed us to provide a unique perspective to Vizient management and the Board. We are proud to continue our work with Vizient,” said Michael Hammond, Managing Director for H2C. Email Michael.
“Vizient has worked with H2C for many years on numerous strategic initiatives. The leadership and client advocacy H2C has provided in the past was carried over for this project. H2C’s financial analysis, diligence, and board education was valuable as our organization completed the divestiture,” said David Ertel, CFO of Vizient.
About Aya Healthcare, Inc.
Aya Healthcare is a data-driven, market leader in healthcare staffing. Through its transformative use of technology and digital engagement, Aya has become the leading travel nurse and allied staffing agency in the United States, as well as a leading provider of locums, per diem and non-clinical staffing. Aya's managed marketplace hosts the largest pool of active job seekers with algorithm-driven personalized touchpoints to drive further engagement, and adds transparency and unrivaled efficiency to healthcare systems. While technology drives efficiency and scale, Aya employees power the company to deliver unparalleled accountability and exceptional experiences for clients and clinicians. Aya's company culture is rooted in giving back and supports organizations around food security, education, healthcare and equity. To learn more about Aya Healthcare, visit www.ayahealthcare.com.
About Vizient, Inc
Vizient, Inc. provides solutions and services that improve the delivery of high- value care by aligning cost, quality and market performance for more than 50% of the nation's acute care providers, which includes 97% of the nation's academic medical centers, and more than 20% of ambulatory care providers. Vizient provides expertise, analytics and advisory services, as well as a contract portfolio that represents more than $110 billion in annual purchasing volume, to improve patient outcomes and lower costs. In 2021, Vizient acquired Intalere, which expanded its footprint with ambulatory and rural acute care providers. Vizient has earned a World's Most Ethical Company designation from the Ethisphere Institute every year since its inception. Headquartered in Irving, Texas, Vizient has offices throughout the United States. Learn more at www.vizientinc.com.
About H2C Securities Inc. (“H2C”)
H2C is a strategic advisory and investment banking firm committed to providing superior advice to healthcare organizations and related companies throughout the United States. H2C’s professionals have a long track record of success in healthcare mergers and acquisitions, capital markets, real estate, and restructuring transactions, acting as lead advisors on hundreds of transactions representing billions of dollars in value.
Securities and services offered through H2C Securities Inc., member FINRA/SIPC, a registered broker-dealer and an indirect subsidiary of Fifth Third Bank, National Association. All rights reserved. Securities and services offered through H2C Securities Inc.: Are Not FDIC Insured; Offer No Bank Guarantee; May Lose Value; Are Not Insured by any Federal Government Agency; Are Not a Deposit.
For more information, visit h2c.com.