Happy Monday!
Thoma Bravo recently invested $60 million in Vivian Health, and the tech-focused private equity firm has big plans for the healthcare employer-employee matchmaking software developer. PE Hub reached out to Christine Kang, principal on the growth team at Thoma Bravo, to learn more.
The healthcare sector spends trillions of dollars on labor every year. Attracting and retaining talent for both in-person treatment and telehealth are enormous challenges for the industry. Structural shortages and a dearth of technology hold the sector back when it comes to employment.
Also, TA invested in iCIMS, which provides cloud-based talent acquisition services. The firm is investing alongside existing investor Vista Equity and will have equal ownership. Vista first invested in iCIMS in 2018. Read more here.
And New York State Teachers’ Retirement System chose an internal, non-public process to hire an adviser to help it run a billion-dollar secondaries sale process, which it felt was in the best interest of beneficiaries and other constituents.
The system is out of step with other large public systems in the US, several of which have held RFP processes to hire secondaries advisers. Such contract awards should always be as transparent as possible, with multiple bidders and input from the public. Open processes ensure that all constituents have an understanding of the work taking place and the costs involved. Read more here on Buyouts.
Have a great day! Hit me up with tips n’ gossip, feedback or book recs at cwitkowsky@buyoutsinsider.com or find me on LinkedIn.
Read the full wire commentary on PE Hub ...
