Private Equity: Healthcare Firm Edifecs Lands PE Deal

https://dailyalts.com/wp-content/uploads/2020/07/edifecs-scaled.jpg

Private equity firms TA Associates and Francsico Partners announced that they will complete a deal with healthcare software company Edifecs.  CEO of Edifecs Sunny Singh intends to lead the company through a transformation. 

The healthcare industry is quickly changing with the help of the technology sector.  According to Singh, “Today’s healthcare industry is in a transformation, and technology companies play a key role in helping the industry navigate this change at an accelerated pace…The investment from TA Associates and Francisco Partners will help Edifecs catalyze this transformation, innovate faster and bring technology to market quicker to meet the demands of our customers.”  

As a part of the transformation, Edifecs will add Ashutosh Agarwal, Ezra Perlman, and Ali Evans to the board.  Agarwal, Perlman, and Evans serve as managing director of TA Associates, co-president of Francisco Partners, and vice president of Francisco Partners — respectively.  Edifecs plays a part in the shift from fee-for-service models to value-based care arrangements in the healthcare industry.  The board members will be in charge of overseeing Edifecs’ role in this transition.

Edifecs is a software healthcare maker based in Bellevue, Washington.  It was founded 24 years ago where it began providing technology solutions for integration problems.  Edifecs entered the healthcare industry in 2001.  Edifecs shifted to assisting customers with information processing and now sells enterprise software.  Some of the company’s clients include BlueCross BlueShield, Cigna, Humana, and GroupHealth.  The company also plays a part in analyzing and producing COVID-19 testing claims data. 

Free Industry News

Subscribe to our free newsletter for updates and news about alternatives investments.

  • This field is for validation purposes and should be left unchanged.


Shape

Latest Alternative Investment News

https://dailyalts.com/wp-content/uploads/2020/08/Capital-Raise.jpg
Private Equity: Vitruvian Partners Pulls In $4.7 Billion

Capital Raise Brings Firm Assets to Nearly $12 Billion.  Vitruvian Partners, a UK-based private equity fund, has closed its fourth buyout fund after raking in $4.7 billion.  Vitruvian Partners launched…

https://dailyalts.com/wp-content/uploads/2020/08/Liquid-Alts2.jpg
Liquid Alternatives Enable Access for Individuals to Alternative Investments

Liquid Alts Offer Endowment Style Investing to Individuals.  Liquid alternatives consist of a wide variety of investment options, strategies and portfolio options.  Alternative investment prevalence has been growing in recent…

https://dailyalts.com/wp-content/uploads/2020/08/ESG2.jpg
Private Equity Powers Global Sustainability Initiative
August 5, 2020     Investments, Latest News, News, Private Equity

A “New Normal” and Driving Force From Private Equity.  The global private equity community is buzzing over news that several private equity powerhouses have come together in a bold move…

https://dailyalts.com/wp-content/uploads/2020/08/department-40657_640.png
FinTech: Intuit-Credit Karma Deal Under DOJ Lens (ProPublica)
August 4, 2020     FinTech, News, Takeovers and Buyouts

According to ProPublica, a non-profit newsroom that investigates abuse of power, the US Justice Department will investigate Intuit Inc (NASDAQ: INTU)’s $7.1 billion acquisition of Credit Karma announced in February….