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Twin Brook Capital Supports Cisive Acquisition of PreCheck

January 25, 2019, 08:00 AM
Filed Under: Medical

Twin Brook Capital Partners served as administrative agent on financing to support the add-on acquisition of PreCheck by Cisive, a CIP Capital portfolio company, according to sources familiar with the transaction. 

Cisive is a global provider of compliance-driven human capital management and risk management solutions. PreCheck provides background screening, compliance monitoring and credentialing solutions, serving over 4,000 hospitals, long-term care facilities, clinics, educational institutions, and other ancillary healthcare organizations across the U.S.

“The acquisition of PreCheck represents a great opportunity for Cisive to expand its expertise in the healthcare industry and enhances PreCheck’s ability to advance in the global healthcare market,” explains James Owens, Cisive’s President and CEO. “PreCheck is a perfect complement to Cisive as both companies cater to the needs of highly regulated industries and have a deep commitment to quality of service, regulatory compliance, and providing a high-touch customer experience.  We are thrilled to bring together these two powerful entities where we can continue to excel and expand our leadership serving enterprise clients.”

“PreCheck gained the perfect partner in Cisive, who shares our passion for accuracy and providing world-class customer service,” states Zach Daigle, PreCheck’s President. “This ideal pairing will expand our capabilities in the United States and globally as we focus on providing better resources, more advanced technologies and deeper expertise for our healthcare clients. PreCheck remains committed to our mission of advancing the quality of healthcare as we embark in this exciting new chapter.”

Through the combined strengths of both organizations, we are poised to become THE global leader in providing world-class background screening solutions for large global enterprises in highly regulated industries across all verticals.

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