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January 4, 2022
Office Ally, headquartered in Vancouver, announced its acquisition by Francisco Partners, a global investment firm that specializes in partnering with technology businesses. Office Ally is a healthcare technology company that offers cloud-based solutions to healthcare providers, independent physician associations and health plans. Office Ally's platform supports both the management of care and facilitates payments between providers, health plans and patients. Office Ally's platform is paired with a clearinghouse that enables the exchange of healthcare information including claims, remits, and eligibility information between covered entities and across the healthcare market. In conjunction with the closing of this transaction, Brian O'Neill, Office Ally founder and CEO will be retiring, and industry healthcare technology veteran Chris Hart will become CEO of the company. Since its launch over 20 years ago, Francisco Partners has invested in more than 300 technology companies. Lazard and Meridian Capital served as financial advisors and K&L Gates served as legal advisor to Office Ally. Kirkland & Ellis served as legal advisor to Francisco Partners.