PRESS

High Road Capital Partners... among the best of the next generation of alternative asset managers... —Buyouts Magazine, August 16, 2010
  • High Road Capital Partners acquires leading Canadian Medical Transcription Service Orginization

  • NEW YORK, NY - MARCH 31, 2009 - High Road Capital Partners (www.highroadcap.com) has completed the third transaction for its debut fund, High Road Capital Partners Fund I, LP, with the acquisition of Accentus, Inc. (www.accentus.ca), which closed on March 25, 2009. Based in Ottawa, Ontario, Accentus provides outsourced medical transcription and editing services to hospitals, clinics, and independent physician groups throughout Canada.

    “Accentus is the leading medical transcription company in Canada and is well positioned to benefit from electronic medical records initiatives and a growing trend towards outsourcing,” said Robert Fitzsimmons, High Road’s Managing Partner. “Accentus is a trusted partner to some of the largest hospitals in Canada, with an operating model that emphasizes quality, accuracy and efficiency,” added Jeff Goodrich, High Road’s lead partner on the transaction.

    Stephen Rogers, CEO of Accentus, and a significant investor in the acquisition along with President Roderick Rogers, said, “Accentus has played a key role in developing the market for outsourced medical transcription and editing services in Canada. With proprietary systems, a committed team, and highly qualified transcriptionists, Accentus ensures that our services meet or exceed our clients’ expectations when it comes to accuracy and timeliness.”

    “We see tremendous opportunity to accelerate Accentus’s growth in partnership with High Road while continuing to provide exceptional service to our customers,” Rogers said. “With High Road’s backing, we hope to build on our leading position by expanding our team, our customer base and our service offerings.”

    Senior debt financing for the transaction was provided by Bank of Montreal. Subordinated debt was provided by Bank of Montreal Capital Corporation, which also invested alongside High Road and Accentus management. Versailles Group advised Accentus’s shareholders on the transaction. Transaction consideration was not disclosed.

    Also working on the transaction from High Road were Partner William Hobbs and Associate Ben Schnakenberg.

    For further information, please contact Bob Fitzsimmons of High Road Capital Partners at (212) 554-3265.

    High Road Capital Partners

    High Road Capital Partners is a leveraged buyout firm focused on smaller middle market transactions. High Road was formed in 2007 and currently manages over $150 million of committed capital. High Road focuses on niche-leading companies with revenues of $10 million to $100 million and EBITDA of $3 million to $10 million. Once acquired, High Road works in partnership with management to take the companies to the next level, with the expectation of doubling or tripling EBITDA during the course of its ownership through a combination of organic growth initiatives and add-on acquisitions. More information on High Road may be found on its website, www.highroadcap.com.