Preparing and positioning for sale … within one year

Our client’s need

Our client works with leading hospitals, health systems, life science companies, and federal agencies to identify and overcome complex health IT challenges. Subsequent to forming the organization in 2010, management was in preliminary sale discussions with possible suitors by 2012. Management quickly realized that the company’s back office infrastructure, compliance, governance, and corporate structure weren’t prepared for the diligence involved with such a transaction. They then engaged Baker Tilly to position them for sale.      

Baker Tilly solution

Baker Tilly’s audit, tax, and CFO advisory teams worked seamlessly together to tackle the requirements to position the client for sale on an accelerated timetable. The tax team dived into tax compliance reviews and tax structuring for the owners, while the audit team worked on establishing the proper infrastructure, including a provided a review and audit for the two most recent fiscal years. The CFO advisory team guided the client with sell side modeling and due diligence, as well as restructuring the organization to better position it to potential buyers.  

Results achieved

Baker Tilly’s specialized experience with high growth organizations and knowledge of the software and technology industry allowed our client to not only be poised for a profitable sale, but for the transaction to take place within one year of engaging our firm. The company was sold to a global research, technology, and consulting firm, and was very pleased with the results of the transaction. 

For more information on this topic, or to learn how Baker Tilly Software and Technology industry specialists can help, contact our team.