Private equity firm Thoma Bravo is to make a majority investment in MedeAnalytics, a provider of cloud-based financial performance analytics for the healthcare industry.
Prior investors Bain Capital Integral Investors LLC and Emergence Capital Partners will remain minority shareholders. Financial details were not disclosed.
“MedeAnalytics represents an outstanding investment opportunity in the healthcare data analytics sector,” said Scott Crabill (pictured), managing partner at Thoma Bravo. “Andy Hurd and the MedeAnalytics team have built a market-leading business with a well-deserved reputation for product innovation. We look forward to partnering with management to continue growing the company organically and through strategic acquisitions.”
“We are very excited to work with Thoma Bravo,” says Andy Hurd, chief executive officer at MedeAnalytics. “It was important for us to partner with an investment firm that will support our team as we build on the considerable momentum we have created in the dynamic healthcare analytics space. Given its expertise in our sector, Thoma Bravo is the ideal partner to help us continue to grow and succeed.”
MedeAnalytics provides evidence-based insights that help healthcare providers leverage the vast amounts of data available to deliver cost-effective care and promote a healthier population. Through its analytics platform, MedeAnalytics delivers the intelligence that healthcare organisations require to improve their financial health.
MedeAnalytics’ cloud-based tools are used by over 1500 healthcare organisations globally. Analytics have played an important and growing role in the healthcare industry, as reigning in costs and providing faster payment turnaround times for insurers and providers is essential to their success.
“Our partnership with MedeAnalytics is an incredible opportunity to invest in a market leader in a mission critical sector,” says Arvindh Kumar, principal at Thoma Bravo. “Healthcare analytics is a growing market, one that plays a significant role in the healthcare industry that is only growing more important with each passing day.”