Altruista Health, an innovative provider of population health management technology solutions for health plans and health care providers, announced today that it has secured a significant capital investment from Capricorn Healthcare & Special Opportunities (CHSO), a private investment firm exclusively focused on the healthcare and wellness sector. Through its investment, CHSO will partner with Altruista’s current owners and executive team, who will continue to lead the company. Financial terms of the transaction were not disclosed.
With offices in Palo Alto, California, and Washington, DC, CHSO seeks to invest in middle market growth companies that provide innovative products and services focused on cost containment, enhanced operating efficiency, and improved clinical outcomes. The CHSO team offers a unique combination of investment and clinical expertise, as well as a deep relationship network consisting of prominent healthcare executives, clinicians, scientists, regulators, and research institutions.
‘We believe CHSO is an ideal growth partner for our company and our clients,’ said Ashish Kachru, CEO of Altruista Health. ‘The CHSO team clearly understands the challenges payers and providers face in today’s tightly regulated healthcare market. What has also stood out to us is their enthusiasm for our mission: To deliver technology solutions that connect the entire care community to accelerate healthcare quality, efficiency and accessibility. We are confident that our partnership with CHSO will help us achieve our full growth potential.’
Altruista Health delivers web-based medical management and care coordination applications that help healthcare organizations address the complex care and support needs of Medicaid, Medicare and other high-risk populations. The company’s GuidingCare software platform includes several integrated modules that consolidate key population health management functions, including predictive risk modeling, gaps-in-care analytics, care management, disease management, utilization management, physician/provider coordination, member/caregiver engagement and more.
Altruista Health has rapidly become an industry leader. The company has enjoyed recognition from a number of industry participants, including being identified by the Gartner Group as one of the fastest growing care management technology companies in the government sector as well as being included in Deloitte’s 2015 Technology Fast 500.
‘Altruista Health has quickly established itself as a leader in the care management technology space,’ said Barry Uphoff, Managing Principal, CHSO. ‘The company has a highly differentiated solution that uniquely addresses key operational and regulatory compliance challenges faced by healthcare payers. With a highly scalable technology platform and significant domain expertise, Altruista Health is poised for growth within and across several payer and provider segments. We are excited to work with their management team to further strengthen their capabilities and capitalize on their many growth opportunities.’
Ziegler was the financial advisor to Altruista Health on this transaction.
Capricorn Healthcare & Special Opportunities (CHSO) is a private investment firm with more than $700 million of assets under management focused on the healthcare and wellness industry. CHSO pursues buyout and growth equity transactions in the middle-market, seeking to partner with leading companies and management teams. Learn more at http://www.capricornhealthcare.com.
About Altruista Health
Headquartered in the Washington D.C. metro area, Altruista Health is an innovative provider of care management technology solutions that address the complex care and support needs of Medicaid, long-term care and other special needs populations. Healthcare organizations operating across 33 states use Altruista’s solutions each day to streamline clinical and administrative processes, improve patient outcomes, and reduce avoidable healthcare costs. For more information, visit http://www.altruistahealth.com
Ziegler is a privately held investment bank, capital markets, wealth management and alternative investments firm. Specializing in the healthcare, senior living, education and religion sectors, as well as general municipal and structured finance, enables us to generate a positive impact on the communities we serve. Headquartered in Chicago with regional and branch offices throughout the U.S., Ziegler provides its clients with capital raising, strategic advisory services, equity and fixed income sales & trading, wealth management and research. For more information, visit http://www.ziegler.com.
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