Health Cloud Initiative acquires Evry

Health Cloud Initiative, a platform investment from Vortex Capital Partners, acquires EPD vendor Evry. Health Cloud Initiative is a platform aimed at reducing the administrative burden of healthcare professionals in the mental health and paramedical care sector.

It achieves this by combining specific practice software by market segment with services rolled out across market segments. With the acquisition of Evry, Health Cloud Initiative is entering the dietetics and foot care market.

BDO M&A and BDO Legal guided the transaction by performing financial, tax and employment due diligence. BDO Debt Advisory assisted Vortex Capital Partners and Health Cloud Initiative in obtaining the transaction financing. The transaction was funded by ING and Aegon's Subordinated Loan Fund and capitalizes on Health Cloud Initiative's buy-and-build strategy through acquisition facilities obtained from ING and the Subordinated Loan Fund

About Evry

Evry was founded in 1996 and is based in Alphen aan de Rijn. The company offers patient software for dieticians and pedicurists. The software supports appointment scheduling, billing, and the creation and maintenance of patient records. The software is developed from the user's point of view and can be adapted to the user's own wishes. The result is a healthcare provider with more time for actual care.

About Health Cloud Initiative

Health Cloud Initiative was created with the idea that joining forces of different software labels for mental health and paramedical care will lead to further innovation power. This additional innovative strength will lead to the maximum unburdening of healthcare providers. To achieve this, practice and patient software per market segment is combined with services (appointment scheduling, claims, etc.) across market segments.