Willkie advised Cisive, portfolio company of CIP Capital, in the transaction.
On January 15, Cisive, a global provider of compliance-driven human capital management and risk management solutions, announced the acquisition of PreCheck, a healthcare industry provider of background screening, compliance monitoring and credentialing solutions. The acquisition represents an opportunity for Cisive to expand in the healthcare industry and enhances PreCheck’s ability to advance in the global healthcare market.
PreCheck serves over 4,000 hospitals, long-term care facilities, clinics, educational institutions, and other ancillary healthcare organizations across the U.S. Founded in 1983, PreCheck has focused exclusively on serving the healthcare industry’s background screening and employment qualification needs since 1993.
Cisive is a global provider of compliance-driven human capital management and risk management solutions. Comprehensive services include background screening, vendor/contractor screening, executive screening, drug testing, fingerprinting, paperless onboarding and electronic Form I-9/E-Verify solutions. CIP Capital is a New York-based private equity firm focused on investments in sectors including business services, marketing services, and knowledge services.
In November 2018, Willkie advised CIP Capital in its sale of OnCourse Learning to Bertelsmann Education Group.
The Willkie deal team was led by partner Matthew Rizzo and included partner Andrea Hwang and associates Eric Halperin and Lindsay Reed.