Middle-market private equity firm Gemspring Capital has completed the sale of portfolio company Valant Medical Solutions (Valant), a provider of SaaS-based electronic health record and practice management software, to an affiliate of Resurgens Technology Partners (Resurgens).
Terms of the transaction were not disclosed.
Founded in 2005 and backed by Gemspring since 2019, Valant provides a platform that enables customers to manage operational, clinical, and financial workflows. Valant has scaled to serve more than 22,000 behavioural health professionals across all 50 states.
Aeris Partners served as financial advisor and McDermott Will & Emery LLP served as legal counsel to Valant and Gemspring.