Provident Healthcare Partners Raises the Quality Bar in M&A with Hebbia
“We tried plenty of banking tools. Hebbia is the exception…It has allowed us to expand capacity without adding headcount, and raise the quality floor across deliverables.”
For Rebecca Leiba, Senior Managing Director at Provident Healthcare Partners, time is of the essence. Recognizing the volume of documents her deal teams were managing every day, Rebecca set out to find a solution to scale productivity across Provident HP.
Provident HP tried multiple AI tools. Most over-promised and under-delivered. Hebbia stood out for three reasons: its accuracy and traceability (fast on complex filings and contracts, with verifiable citations), its ability to deliver output structured to fit directly into deal models, memos, and decks (formatted to each client’s preferences and templates), and its ease of use and adoption.
“The best onboarding has been live drills where teams see their own documents processed with full citations. Demonstrating accuracy and time saved for someone’s exact workflow unlocks immediate adoption,” Rebecca notes.
And the results were compelling. Hebbia cut time-to-first-draft on core deliverables (management presentations, red-flag memos) by 40%. Associates now deliver first turns earlier in the process, giving senior bankers more review cycles before client meetings.
By opening up bandwidth, Provident teams could cover up to 30% more documents per hour in diligence and covenant review. Hebbia gave Rebecca’s deal team breadth without losing depth.
More importantly, with Hebbia, the deal team never sacrificed rigor or tolerated hallucinations, as analysts could easily trace every insight in Hebbia to the exact citation and source it came from.
Deals are won or lost in the details. Hebbia ensures Provident HP’s bankers get to the right details faster and with fewer errors so they can spend more time on judgment and strategy where value is created.
