Lyric Expands with ClaimShark Acquisition
Deal News | May 02, 2025 | Ropes & Gray
Lyric, a healthcare technology platform company and portfolio company of TPG Capital, announced its acquisition of ClaimShark, an enterprise payment integrity management platform. This strategic add-on acquisition aims to streamline payment processes and reduce waste in the healthcare sector, providing benefits for payers, providers, and patients by lowering the cost of care. The legal advisory for the transaction was provided by Ropes & Gray, with key contributions from partners and associates specializing in private equity, intellectual property, employment, executive compensation, healthcare, tax, and litigation.
Sectors
- Healthcare Technology
- Private Equity
- Legal Advisory
Geography
- United States – The transaction and companies involved are based in the United States, a major hub for healthcare technology and private equity activities.
Industry
- Healthcare Technology – Lyric operates in the healthcare technology sector, focusing on improving payment integrity within the healthcare system.
- Private Equity – The transaction involves TPG Capital, a prominent private equity firm, indicating the article's relevance to the private equity industry.
- Legal Advisory – Ropes & Gray's involvement as legal advisors highlights the legal industry aspect of the transaction.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Lyric | Target Company | Company | A healthcare technology company focused on simplifying care business processes. |
| TPG Capital | Investing Company | Company | A leading private equity firm that holds a portfolio stake in Lyric. |
| ClaimShark | Acquired Company | Company | An enterprise payment integrity management platform for health plans and healthcare organizations. |
| Ropes & Gray | Legal Advisor | Company | Provided legal advice for the transaction, with a team of specialized partners and associates. |
| Reed Harasimowicz | Private Equity Associate | Person | Led the transaction team at Ropes & Gray. |
| Chau Le | Private Equity Partner | Person | Key partner from Ropes & Gray advising Lyric. |
| Emily Karlberg | Intellectual Property Transactions Partner | Person | Provided IP transaction support for the acquisition. |
| Stephanie Bruce | Employment Partner | Person | Part of the legal team handling employment aspects. |
| Matt Jones | Executive Compensation & Employee Benefits Partner | Person | Advised on executive compensation and employee benefits. |
| Michael Lampert | Healthcare Partner | Person | Consulted on healthcare-related legal issues. |
| Benjamin Rogers | Tax Partner | Person | Handled tax implications of the transaction. |
| Maria Calvet | Litigation & Enforcement Partner | Person | Provided litigation and enforcement advice. |