The Chartis Group Acquires Chi-Matic

Buyside Advisor to The Chartis Group

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7 Mile Advisors Announces Chartis Has Acquired Chi-Matic
The acquisition brings together Chartis’ deep revenue cycle operations and IT expertise with Chi-Matic’s industry-leading, Epic-focused revenue cycle technology and service.

CHARLOTTE, NC – Chartis, a comprehensive healthcare advisory firm, announced it has acquired Chi-Matic, a consulting organization that enables Epic-based healthcare organizations to transform their revenue cycle through technology, process improvement, and improved staff efficiency. 

7 Mile Advisors acted as the exclusive buyside advisor throughout the transaction.

“The Chi-Matic acquisition brings industry-leading revenue cycle technology and services in the Epic ecosystem to the well established operations and technology experience of Chartis. We are happy to serve Chartis with their continued strategic growth,” said Tripp Davis, Partner of 7 Mile Advisors.

“Chartis sets the standard of excellence in healthcare advisory services and it’s been a privilege working with their leadership team to accelerate their growth through M&A.  Chi-Matic’s technology-enabled Revenue Cycle Management solutions are transformative for their client health systems. Bringing these two best in class organizations together amplifies the impact they both have across the healthcare industry,” commented 7 Mile’s Vice President, Ben Garber.

“By combining Chi-Matic’s unparalleled revenue cycle technology capabilities with Chartis’ strengths in revenue cycle strategy and operations, we are uniquely positioned to partner with clients to achieve next generation revenue cycle effectiveness,” said Ken Graboys, Chartis Co-Founder and Chief Executive Officer. 

Chi-Matic founder Chirag Bhargava added, “Becoming part of the Chartis family is a fantastic way for us to achieve our growth objectives while continuing to offer innovative, proprietary solutions that help clients realize the full potential of the revenue cycle to support a patient-friendly experience.”

Chartis was named “Best in KLAS,” earning the #1 ranking for Overall Healthcare Management Consulting Firm for the third consecutive year in 2023 and #1 in Digital Transformation Consulting for the second consecutive year.   

The addition of Chi-Matic advances Chartis’ commitment to offer clients industry-leading capabilities, services, and resources to help achieve transformational results. 

For more information on other representative buyside transactions 7 Mile has completed, visit www.7mileadvisors.com. 

About 7 Mile Advisors
7 Mile Advisors provides Investment Banking & Advisory Services to the Business Services and Technology Industries globally. 7 Mile Advisors advises on M&A and private capital transactions, and provides market assessments and benchmarking. As a close-knit team with a long history together and a laser focus on our target markets, 7 Mile Advisors helps its clients sell companies, raise capital, grow through acquisitions, and evaluate new markets. All securities transactions are executed by 7M Securities, LLC, member FINRA / SIPC. For more information, including research on the M&A markets, visit www.7mileadvisors.com.

About Chartis
Chartis is a comprehensive healthcare advisory firm dedicated to helping clients build a healthier world. We work across the healthcare continuum with more than 600 clients annually, including providers, payers, health services organizations, technology and retail companies, and investors. Through times of change, challenge, and opportunity, we advise the industry on how to navigate disruption, pursue growth, achieve financial sustainability, unleash technology, improve care models and operations, enhance clinical quality and safety, and advance health equity. The teams we convene bring deep industry expertise and industry-leading innovation, enabling clients to achieve transformational results and create positive societal impact. For more information, visit www.chartis.com.

About Chi-Matic
Based in Verona, WI, and founded in 2018, Chi-Matic is a boutique consulting organization that has developed proven solutions to help healthcare organizations optimize and improve results within their revenue cycle. The company was ranked as the #1 provider of Revenue Cycle Optimization in 2023 by KLAS Research, an independent research organization whose “Best in KLAS” report recognizes software and service vendors who help healthcare professionals improve patient care. For more information, visit www.chi-matic.com.