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October 15, 2024

Source: Citizens JMP

PROVIDENCE, RI – Citizens JMP announced today that it served as the exclusive financial advisor to Trinisys, LLC on its sale to Harmony Healthcare IT, a sponsor-backed healthcare data management company. Harmony is a portfolio company of Canadian-based Novacap, a C$8 billion AUM North American private equity investor.

Founded in 2004, Trinisys is a Nashville-based technology company that serves hundreds of clients in 30 states. Trinisys is recognized as one of the fastest-growing cloud-enabled technology companies for workflow automation, legacy data archival, credentialing, patient financial run-down and data collection in the healthcare industry.

Headquartered in South Bend, Indiana, Harmony Healthcare IT is a data management firm that moves and stores patient, employee and business records for healthcare organizations.

“We greatly appreciated Chris and his team’s leadership and guidance throughout this competitive process to find a partner for our founders-owned, bootstrapped business,” said William Bartholomew, chief executive officer at Trinisys. “Their extensive knowledge of the relevant players in healthcare technology was critical to unlocking this successful outcome and finding the perfect cultural fit for our team in Harmony.”

The combined entity plans to provide expanded capabilities, enhance innovation and improve efficiency through streamlined operations and optimized workflows.

Citizens JMP Director Chris Grunewald said: “It has been a pleasure getting to know William and the broader Trinisys team over the past several years, and to have had the opportunity to leverage our expertise to help them throughout this journey. We look forward to following Trinisys, Harmony and Novacap as they enter the next phase of their exciting growth story together.”

About Citizens Financial Group, Inc.
Citizens Financial Group, Inc. is one of the nation’s oldest and largest financial institutions, with $219.9 billion in assets as of June 30, 2024. Headquartered in Providence, Rhode Island, Citizens offers a broad range of retail and commercial banking products and services to individuals, small businesses, middle-market companies, large corporations and institutions. Citizens helps its customers reach their potential by listening to them and by understanding their needs in order to offer tailored advice, ideas and solutions. In Consumer Banking, Citizens provides an integrated experience that includes mobile and online banking, a full-service customer contact center and the convenience of approximately 3,300 ATMs and approximately 1,000 branches in 14 states and the District of Columbia. Consumer Banking products and services include a full range of banking, lending, savings, wealth management and small business offerings. In Commercial Banking, Citizens offers a broad complement of financial products and solutions, including lending and leasing, deposit and treasury management services, foreign exchange, interest rate and commodity risk management solutions, as well as loan syndication, corporate finance, merger and acquisition, and debt and equity capital markets capabilities. More information is available at www.citizensbank.com or visit us on XLinkedIn or Facebook.