Ropes & Gray Advises on Growth Investment in Fortified Health Security Led by Silversmith Capital Partners and Health Velocity Capital
Ropes & Gray represented a consortium led by Silversmith Capital Partners and Health Velocity Capital in a majority investment in Fortified Health Security, a managed security services provider to the health care industry. The transaction was announced on December 15. Financial terms were not disclosed.
The investment will advance Fortified’s growth plan by accelerating its technology roadmap to develop a platform that simplifies the management and oversight of cybersecurity programs for clients, expanding the sales organization and supporting operational scale. Fortified has supported hospital systems and other health care providers with an array of cybersecurity advisory and security operations center services.
The Ropes & Gray team was led by private equity partner James C. Davis, and included IP transactions associate Georgina Suzuki Jones, finance partners Michael Lee and Daniel Coyne, private equity associate Lisa McJohn, tax partner Amanda Holt, employment & benefits partner Matthew Jones, employment & benefits associate Madeline Cooper, IP transactions partner Megan Baca, health care partner Timothy McCrystal, data, privacy & cybersecurity partner Fran Faircloth, tax counsel Tristan Evans-Wilent, health care counsel Elizabeth Whitkin, litigation & enforcement partner Tim Farrell, litigation & enforcement counsel Steven Kaye and employment & benefits counsel Jenny Cooper.