Tech-Enabled Services
Health Perspectives Group receives majority investment from 424 Capital
Published October 18, 2021
FOR IMMEDIATE RELEASE // SEATTLE, WASHINGTON
CLA Meridian Capital (“CLA Meridian Capital”), a Seattle-based middle market corporate finance and M&A advisory firm is pleased to announce that one of its clients, Health Perspectives Group (“HPG” or the “Company”) has sold a majority stake to 424 Capital (“424”). CLA Meridian Capital served as the exclusive financial advisor to HPG on the transaction.
Headquartered in Seattle, Washington, Health Perspectives Group provides patient engagement services and technology solutions to biopharmaceutical companies, transforming the ways in which healthcare companies think and interact with patients. Core solutions include technology-enabled platforms to capture and promote the healthcare consumer perspective – making compliant, patient-centered action possible.
Health Perspectives Group was founded by Robin Shapiro and is headed by CEO Cheryl Lubbert. The Company is led by a seasoned management team with deep biopharmaceutical industry experience and a unique vision for shaping healthcare around client and patient needs. Through its two key technological platforms, Advocate Resource Center™ (ARC 2.0) and CareConcierge™, HPG paves the way for pharmaceutical companies to manage patient engagement programs effectively and efficiently. The Company has engaged patients across more than 450 disease areas for 22 of the largest 30 biopharmaceutical companies in the world.
Cheryl Lubbert, CEO of Health Perspectives Group shared, “CLA Meridian Capital provided their expertise and advice from our initial valuation all the way through a successful investment over many years. Their guidance helped ensure a successful outcome.”
Patrick Ringland, Managing Director and Head of the Technology Practice at CLA Meridian Capital stated, “We’re very happy with the outcome for Cheryl, Robin, and the HPG team. The investment represents an exciting opportunity for all parties and provides HPG with additional capabilities and resources that will accelerate the execution of its growth objectives and continued expansion of its platform.”
This transaction represents continued momentum for CLA Meridian Capital’s Technology practice. Other recent transactions include Crosslake Technologies acquisition by Falfurrias, Accelalpha’s acquisition by Century Park Capital Partners, QC Data’s acquisition by EN Engineering, and Subsplash’s acquisition by K1 Investment Management.
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ABOUT HEALTH PERSPECTIVES GROUP
Founded in 2002 and based in Seattle, WA, Health Perspectives Group is a leading provider of patient engagement solutions to biopharmaceutical and biotechnology companies. HPG has transformed the way in which healthcare companies directly engage with their consumers across the globe through their innovative programs. HPG’s engagement programs have shaped a unique vision for healthcare around client and patient needs. For more information, please visit: www.hpgroupllc.com.
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President & Managing Director
About CLA Meridian Capital
CLA Meridian Capital is the investment banking division of CliftonLarsonAllen (CLA) Wealth Advisors, LLC, an SEC registered investment advisor and broker dealer, member FINRA/SIPC. With 30+ years of middle-market M&A and financial advisory experience, $22 billion in total transaction value, and deep industry knowledge across the Consumer, Industrials, and Technology sectors, CLA Meridian Capital helps our clients preserve the value they’ve built and the legacies they leave behind.
