DA Davidson & Co. is acting as exclusive financial advisor to Remarkable Health in connection with its sale to Netsmart

NEW YORK–(COMMERCIAL THREAD) – DA Davidson & Co. announced today that it has been the exclusive financial advisor to Remarkable Health in connection with its sale to Netsmart, a leading provider of healthcare software and services solutions to help providers achieve providing comprehensive, value-oriented care.

Remarkable Health is a software company focused on providing behavioral health, addiction and social service organizations with the technology they need to create efficiencies and streamlined user experiences so clinicians can focus on positive results for clients rather than administrative hurdles. Remarkable offers CT | One®, a specially designed electronic health record (EHR) platform and Bells, the industry’s first virtual assistant for clinical documentation powered by AI and natural language processing. The Bells solution has been shown to ease the documentation burden and reduce documentation time by 50% and works as a companion to the EHR experiment.

“The behavioral health industry has many positive winds,” said Greg Hartlein, partner in DA Davidson’s Technology Investment Banking Group. “The de-stigmatization of treatment, the emphasis on ‘whole person health’ by payers and health plans, and the new afflictions caused by the pandemic have resulted in an unprecedented demand for services. At the same time, the industry is experiencing a massive labor shortage and a transition to value-based care. Suppliers need technology like Bells, the AI ​​solution from Remarkable Health, to do more with less, retain talent, and submit accurate medical documentation faster. We are excited to partner with Pete and his team on this important transaction and are excited to watch the next evolution of Bells with Netsmart. ”

The combination of Netsmart and Remarkable Health will provide customers of both companies with additional offerings and improved clinical experiences. The partnership will improve digital provider workflows and clinical staff productivity using AI innovations, and create a new industry standard for human services and post-acute care.

“DA Davidson has put in place an efficient and competitive process,” said Peter Flick, CEO of Remarkable Health. “Their knowledge of the market and the industry led to an optimal transaction, resulting in a tremendous result for shareholders, our customers and our employees. It was a great partnership with Greg and his team.

DA Davidson’s tech investment banking practice is one of the most active middle market groups in the United States, having advised more than 50 advisory and private equity deals worth over $ 20 billion. dollars since January 2021.

DA Davidson’s investment banking division is a leading full-service investment bank that offers comprehensive financial advisory and capital markets expertise. The group has extensive transaction experience serving middle market clients around the world in four verticals: Consumer, Diversified Industries, Financial Institutions and Technology.

In collaboration with its European strategic partner, MCF Corporate Finance, DA Davidson creates and executes transatlantic M&A transactions under the common brand of DA Davidson MCF International.

About DA Davidson Companies

DA Davidson Companies is an employee-owned financial services company providing a range of financial services and advice to individuals, businesses, institutions and municipalities nationwide. Founded in 1935 and headquartered in Montana, with offices in Denver, Los Angeles, New York, Omaha and Seattle, the company has approximately 1,475 employees and offices in 28 states.

Subsidiaries include: DA Davidson & Co., the largest full-service investment firm based in the Northwest, providing services and advice in wealth management, investment banking, equity and income capital markets fixed ; Davidson Investment Advisors, a professional asset management company; DA Davidson Trust Company, a trust and wealth management company; and Davidson Fixed Income Management, a registered investment advisor who provides fixed income portfolio and advisory services.

For more information, visit dadavidson.com.

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