Keystone Capital, Inc. (“Keystone”), a Chicago-based private investment firm, is pleased to announce that its portfolio company The Greeley Company (“Greeley”) has been acquired by The Chartis Group (“Chartis”). Chartis provides comprehensive advisory services and analytics to the healthcare industry. Terms of the transaction have not been disclosed.
Greeley is a leading provider of clinical effectiveness, regulatory compliance, CMS remediation, and physician and medical staff services. Having served over 2,000 organizations nation-wide, Greeley’s areas of expertise include clinical practice optimization, medical staff alignment, regulatory compliance and quality, accreditation, and credentialing and privileging. The Greeley sale completed an active year for Keystone which saw the firm close four platform investments, four add on acquisitions, and two divestitures.
Over the course of Keystone’s investment in Greeley the business completed a strategic add on acquisition, expanded the leadership team, invested in technology to streamline processes, and significantly increased both revenue and earnings. “We enjoyed partnering closely with management during our tenure together and we believe this is a great next step for Greeley and the team,” commented David Greer, Managing Director at Keystone Capital.
Greeley and Keystone were represented by Lincoln International in the transaction. Legal advice was provided by Honigman, LLP.