News & Insights

We are pleased to announce that our client, SCI Solutions, has received a debt investment from Orix Ventures, the technology lending division of Orix Corporation. Cascadia acted as the exclusive financial advisor to SCI Solutions.

SCI Solutions builds, implements and operates healthcare business process software for a network of hospitals, diagnostic imaging centers, physician groups and post-acute care organizations. The Company has the most widely adopted cloud workflow platform for referrals, orders, messaging, results and scheduling.

When SCI Solutions engaged Cascadia, it was in the process of acquiring Clarity Health, a referral management company, and was seeking debt financing in order to consummate the transaction and refinance its existing senior debt. By partnering with Orix Ventures, SCI was able to complete its acquisition and also maintain the flexibility to continue its growth trajectory in the future.

“Cascadia Capital demonstrated a clear understanding of our industry and our objectives, which went well beyond the transaction itself,” said Joel French, CEO of SCI Solutions. “Their expertise and guidance in navigating the debt capital markets was invaluable, and the M&A experience and professionalism they provided was instrumental in completing this complex transaction and creating a successful outcome.”

SCI Solutions represents another successful transaction for Cascadia Capital in the Healthcare & Digital Health space, following the recent acquisition of Integra by JM Smith Corporation  in late August.