Hammond Hanlon Camp LLC Advises Vikus Corporation on its Sale to HealthcareSource, Inc., a Portfolio Company of Francisco Partners
posted on March 23, 2018
NEW YORK — Hammond Hanlon Camp LLC, through its wholly-owned subsidiary H2C Securities Inc. (“H2C”), served as the exclusive financial advisor to Vikus Corporation (“Vikus” or the “Company”) in its sale to HealthcareSource, Inc. (“HCS”), a portfolio company of Francisco Partners. Vikus is a modular, end-to-end, SaaS hiring platform that focuses on the senior living and post-acute care sectors.
With a customer base consisting of more than 3,000 senior living and post-acute care locations, Vikus’ web-based product helps providers attract and retain personnel at all levels, from front-line caregivers to those in leadership roles. The Company’s proprietary, differentiated technology helps to streamline the entire hiring process and offers applicant tracking, behavioral and skill-based assessments, onboarding, recruitment optimization, benchmarked analytics, and premier customer service.
In early 2017, Vikus sought a financial advisor that could assist in a review of strategic alternatives and advise the Company on its options for growth and platform scalability. The Company selected H2C due to its domain expertise in healthcare software and services, and its proven track record of maximizing enterprise valuation and optimizing transaction terms. “The H2C team did a terrific job preparing us for the sell-side process. We had no institutional money and this was our first exit. H2C was able to drum up multiple offers, keep the buyers honest, and allow us to sign and close our sale within 30 days of selection, optimizing shareholder value,” said Billy Mullins, Vikus’ Founder and Chief Executive Officer.
“Vikus has a comprehensive turn-key offering for senior living and post-acute clients that provides a 360-degree view into staffing across properties, allowing them to engage staff throughout the enterprise,” added Zeke Navar, Managing Director at H2C. “HCS is the perfect partner for Vikus to maximize the potential of its platform. This acquisition diversifies HCS’ hospital/acute-care staffing business into the post-acute and senior care markets, providing a holistic recruitment offering across the healthcare ecosystem. “ Email Zeke
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ABOUT VIKUS CORPORATION
Vikus is a software-as-a-service company based in Chattanooga, TN. Vikus provides end-to-end hiring software built to meet the specific needs of senior care providers. Vikus serves the industries of senior living, independent living, skilled nursing, post-acute care, home health, and rehabilitation and therapy, Vikus is currently reducing employee turnover and improving resident care in over 3,000 locations across the United States. For more information visit www.vikus.com.
ABOUT HEALTHCARESOURCE, INC.
HealthcareSource is the only comprehensive talent management suite designed specifically to support the healthcare talent ecosystem. HealthcareSource’s software, services, content, and analytics enable more than 6,300 healthcare organizations and staffing agencies to ensure quality patient care by recruiting, retaining, and developing quality talent — both employees and contingent staff. HealthcareSource has been recognized for their award-winning healthcare talent management solutions, having earned the exclusive endorsement of the American Hospital Association. For more information visit http://www.healthcaresource.com.
ABOUT FRANCISCO PARTNERS MANAGEMENT LLC
Francisco Partners is a leading global private equity firm, which specializes in investments in technology and technology-enabled services businesses. Since its launch over 17 years ago, Francisco Partners has raised over $14 billion in committed capital and invested in more than 200 technology companies, making it one of the most active and longstanding investors in the technology industry. The firm invests in opportunities where its deep sectoral knowledge and operational expertise can help companies realize their full potential.
ABOUT HAMMOND HANLON CAMP LLC
Hammond Hanlon Camp LLC (“H2C”) is an independent strategic advisory and investment banking firm committed to providing superior advice as a trusted advisor 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. Hammond Hanlon Camp LLC offers securities through its wholly-owned subsidiary H2C Securities Inc., member FINRA/SIPC. For more information, visit h2c.com.
Kelly T. Duong
Hammond Hanlon Camp LLC
"The H2C team did a terrific job preparing us for the sell-side process. We had no institutional money and this was our first exit. H2C was able to drum up multiple offers, keep the buyers honest, and allow us to sign and close our sale within 30 days of selection, optimizing shareholder value."
- Billy Mullins
CEO, Vikus Corp.