GTCR completes acquisition of Cloudbreak Health

GTCR announced that it has closed the acquisition of Cloudbreak Health.

Mark Anderson, Managing Director and Head of Technology, Media & Telecommunications at GTCR, stated: “Cloudbreak has a longstanding reputation as a high-quality provider of interpretative telehealth services supporting an underserved patient population that we are excited to advance together. GTCR has a proven track record of healthcare technology investment and transformation, and we look forward to working with Andy and Cloudbreak’s talented team to enhance investments in the company’s technology and service offerings.”

“I have developed a close relationship with GTCR over the past few years, and I am confident that the firm’s experience in healthcare technology will add significant value to Cloudbreak as an independent company and further enhance our unique value proposition to our clients,” said Andy Panos, Co-Founder and President of Cloudbreak.

“GTCR’s investment in Cloudbreak will enhance the company’s offering while remaining true to its critical mission of democratizing healthcare. We are thrilled to work with Andy and the team to build on Cloudbreak’s market-leading position in healthcare interpretation,” added Geoffrey Tresley, Principal at GTCR.

Monroe and Barings provided debt financing support for the transaction. Kirkland & Ellis LLP provided legal counsel. Stifel and Moelis & Company served as financial advisors to GTCR.
MB Bureau