Definitive Healthcare Shares Jump 13% on $1.02-per-Share Buyout Proposal from Advent International

Shares of Definitive Healthcare Corp. (NASDAQ:DH) surged 13% on Wednesday after private equity firm Advent International submitted a non-binding proposal to acquire the company for $1.02 per share in cash.

Offer Details

In a letter dated September 1, 2026, Advent outlined its offer, which applies to all outstanding Class A common stock and Definitive OpCo Units not already held by the firm or by company founder Jason Krantz. The proposed price represents a 36% premium to Definitive Healthcare's 60-day volume-weighted average trading price of $0.75 as of August 31, 2026.

The proposal includes several key conditions:

• Equity Rollover: The offer is contingent on Jason Krantz, Definitive Healthcare's Executive Chairman and founder, rolling over his existing equity into the newly privatized company.
• Special Committee Approval: Advent stated it will not proceed with the transaction unless it is approved by a special committee of disinterested and independent directors.
• No Financing Condition: The offer is not subject to any financing contingency, indicating Advent is prepared to execute the deal expeditiously.

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Leadership Transition

Separately, Definitive Healthcare announced a change in its executive leadership. The company's Board of Directors has appointed Clay Ritchey as the next Chief Executive Officer, effective September 8, 2026.

Ritchey will succeed Kevin Coop, who departed from his role as CEO and board member on August 31, 2026. Coop had served as the company's CEO since June 2024. Advent, which described itself as a longtime stockholder, noted its deep understanding of the company's business in its proposal letter.