EverCommerce Inc. entered into a definitive agreement to acquire DrChrono Inc. for approximately $180 million.
EverCommerce Inc. (NasdaqGS:EVCM) entered into a definitive agreement to acquire DrChrono Inc. for approximately $180 million on November 2, 2021. EverCommerce intend to fund the acquisition with $155 million of availability on revolving credit facility and cash off balance sheet. DrChrono will join EverCommerce's EverHealth solutions. The transaction is subject to pending regulatory review and other customary closing conditions and expected closing date before the end of November. As of November 8, 2021, the transaction is expected to complete in mid-November 2021. TripleTree, LLC is acted as a financial advisor to DrChrono Inc.