Tonkon

Case Study

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Guiding a Software Company Through a Successful Equity Sale

Tonkon Torp’s Corporate/M&A practice group facilitated the successful equity sale of ShiftWise, a Portland software company that provides web-based healthcare workforce solutions, to AMN Healthcare Services, Inc., a publicly traded strategic buyer (NYSE: AHS). As special M&A counsel, Tonkon handled all legal aspects of the transaction in coordination with the client’s General Counsel.

Kurt Ruttum, who led the firm’s ShiftWise sale transaction team, said the deal was complex due to a relatively large number of seller shareholders, corporate tax issues, and buyer concerns about intellectual property ownership and open source software use. ShiftWise retains its brand, location and leadership. It continues to sell and support its vendor management technology directly to healthcare clients, affiliate vendors and MSP providers through its Portland-based workforce.

Tonkon’s M&A capabilities are broad and scalable, allowing the firm to serve clients from the largest NYSE-listed company to start-ups. The ShiftWise transaction team included Marco Materazzi, Vicki Ballou, Mark LeRoux, Matthew Joseph, Rachel Atchison, and paralegal Anita Crowther.
 

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