Thriveworks: Ziegler Advises Synchronous Health on its Partnership with Thriveworks

CHICAGO , Oct. 8, 2024 /PRNewswire-PRWeb/ -- Ziegler, a specialty investment bank, is pleased to announce its role as exclusive financial advisor to Synchronous Health, Inc. ("Synchronous" or the "Company"), a leading, AI-powered behavioral health platform, on its acquisition by Thriveworks. Founded in 2016 by healthcare industry veterans and clinicians, and trusted by health systems nationwide, Synchronous Health pairs AI technology with therapy provided by its employed behavioral health clinicians. Synchronous partners with large enterprises to deliver care to their patient populations through its digital health offering. Synchronous' proprietary AI platform, Karla®, enables asynchronous patient care between therapy sessions, extending the ability to holistically treat behavioral health patients outside traditional care modalities. This acquisition will expand access to quality mental health services within the health systems in which Synchronous Health is embedded, including Tufts Medicine, Adventist Health, and the Medical University of South Carolina (MUSC Health). Thriveworks, which offers comprehensive in-person and online therapy services in 340+ locations across the country, will broaden the reach and scale of these integrated behavioral health models, delivering positive overall health outcomes and lowering the total cost of care to even more patients. Chris Rogers , Senior Managing Director in Ziegler's Healthcare Investment Banking Practice, commented, "We were thrilled to partner with the team at Synchronous to complete this partnership with Thriveworks. The Company's AI technology, evidence-based behavioral health treatment capabilities, and proven ability to serve large enterprises, coupled with Thriveworks' footprint and resources, will allow Synchronous to rapidly expand its reach. The combined entity is well-positioned to capitalize on the ever-increasing intersection of primary and behavioral health care. The Company's integration with health systems' primary care networks enables earlier and more consistent touchpoints with patients, critical to generating improved outcomes in behavioral healthcare." Bill Wing , CEO of Synchronous Health said, "Ziegler was the ideal advisor to guide Synchronous through this partnership with Thriveworks, due to the depth of their industry expertise within behavioral health and proven track record of negotiation of successful transaction outcomes. Ziegler's tailored guidance and support was instrumental in unlocking this opportunity for Synchronous, and we're elated to continue fulfilling Synchronous' mission as part of the Thriveworks organization. I look forward to seeing how we can make an even greater impact on overall health outcomes." Ziegler's Healthcare Investment Banking team is focused on delivering best-in-class advisory and financing solutions for companies and organizations across the healthcare industry. In our core practice areas of healthcare services, information technology, hospitals and senior living, Ziegler is one of the most active M&A firms offering innovative sell-side, buy-side, recapitalization/restructuring, equity private placement and strategic partnering services. For more information about Ziegler, please visit us at http://www.ziegler.com . About Ziegler: Ziegler is a privately held, national boutique investment bank, capital markets and proprietary investments firm. It has a unique focus on healthcare, senior living and education sectors, as well as general municipal and structured finance. Headquartered in Chicago with regional and branch offices throughout the U.S., Ziegler provides its clients with capital raising, strategic advisory services, fixed income sales, underwriting and trading as well as Ziegler Credit, Surveillance and Analytics. To learn more, visit http://www.ziegler.com . Certain comments in this news release represent forward-looking statements made pursuant to the provisions of the Private Securities Litigation Reform Act of 1995. This client's experience may not be representative of the experience of other clients, nor is it indicative of future performance or success. The forward-looking statements are subject to a number of risks and uncertainties, in particular, the overall financial health of the securities industry, the strength of the healthcare sector of the U.S. economy and the municipal securities marketplace, the ability of the Company to underwrite and distribute securities, the market value of mutual fund portfolios and separate account portfolios advised by the Company, the volume of sales by its retail brokers, the outcome of pending litigation, and the ability to attract and retain qualified employees. Media Contact Christine McCarty , Ziegler, 3125961617, cmccarty@ziegler.com , www.ziegler.com Cision