M&A
confidence high
sentiment neutral
materiality 0.70
EverCommerce updates on DrChrono acquisition ($182.5M) and plans $200M term loan upsize
EverCommerce Inc.
- Agreed to acquire DrChrono for ~$182.5M; funded by $155M revolver availability and cash on hand.
- DrChrono provides EHR, practice management, and RCM for independent physician practices.
- Plans $200M term loan upsize to repay ~$190M revolver after DrChrono close and for corporate purposes.
- Pro forma cash ~$288M and $190M revolver capacity after offering, upsize, and acquisition.
- Transaction expected to close after resolution of legal and regulatory matters.