Clearwater Acquires CynergisTek
New York, NY—Clearwater, an operating company of Altaris Capital Partners, LLC (collectively with its affiliates, “Altaris”), announced today that it has completed the acquisition of CynergisTek, Inc. in a take-private transaction. CynergisTek is a leading cybersecurity, privacy, compliance, and IT audit firm that services organizations in healthcare and other highly regulated industries. CynergisTek was previously listed on the NYSE under the ticker “CTEK.” Following the acquisition, CynergisTek will operate as a subsidiary of Clearwater.
Clearwater is a leading provider of cybersecurity, risk management, and HIPAA compliance solutions for the healthcare industry. The acquisition of CynergisTek bolsters Clearwater’s scale, expertise and offerings across a broad range of cybersecurity, privacy, and compliance domains.
ArentFox Schiff LLP served as legal counsel to Clearwater. Kirton McConkie PC and Holland & Hart LLP served as legal counsel to CynergisTek.
Altaris is a healthcare investment firm with an exclusive focus on building companies that deliver value to the healthcare system through innovation and efficiency. Since inception in 2003, Altaris has invested in more than 45 healthcare companies which have generated significant value appreciation for investors. Altaris is headquartered in New York City and manages over $5.0 billion of equity capital. For more information, please visit www.altariscap.com.