BV invests in Hardenbergh to boost healthcare solutions
BOSTON, UNITED STATES — Private equity firm BV Investment Partners (BV) has announced a growth-oriented investment in Hardenbergh Group in a move emphasizing its interest in the tech-enabled business domain.
Hardenbergh Group serves many of the largest and most respected healthcare organizations in the United States, offering professional non-clinical staffing, outsourced services, peer review, consulting, and physician leadership solutions. It was founded in 1991 by Mary Hardenbergh and is headquartered in Livonia, Michigan.
BV is one of North America’s oldest and most experienced sector-focused private equity firms, with approximately $4.8 billion invested since its founding in 1983. The firm actively targets investments in the tech-enabled business services, software, and IT services industries.
The partnership between BV and Hardenbergh Group aims to leverage BV’s network and experience to help execute a shared strategic growth plan while maintaining Hardenbergh’s strong culture and values. The collaboration will focus on expanding the scope of Hardenbergh’s solutions to address health systems’ critical GRC (governance, risk, and compliance) requirements and priorities surrounding patient safety, care quality, clinician satisfaction, and leadership development.
“We’re thrilled to partner with the Hardenbergh management team and excited to leverage BV’s network and experience to help them execute on our shared strategic growth plan, while maintaining Hardenbergh’s strong culture and values,” Sean Wilder, Managing Director at BV, said on the development.
Daniel Hart, CEO of Hardenbergh Group, commented, “We are well-aligned in our vision for the future, as we aim to support the healthcare industry’s growing GRC priorities.”
Silvermark Partners LLC advised Hardenbergh Group financially for this strategic move, while Bass, Berry & Sims PLC provided legal counsel. Ropes & Gray LLP offered legal advice to BV.
