Martis Capital announced that it has closed a minority recapitalization with Credible Behavioral Health, Inc. (Credible), a leading provider organization of electronic health record and practice management Software-as-a-Service solutions to the U.S. behavioral health care market. Through its investment, Martis Capital will partner with the company’s co-founder, Matt Dorman, who will continue to lead the company as its chief executive officer. Financial terms of the transaction were not disclosed.
Credible Behavioral Health Software offers a single, integrated platform and a differentiated feature set, including fully integrated clinical, scheduling, primary care, ePrescribing, inpatient, mobile, and billing modules. The company has 460 Partner Agencies in 36 states.
Martis Capital is a health care focused private equity firm based in Palo Alto, California and Washington, DC. Martis Capital has raised more than $1.25 billion of capital since 2011. The Martis Capital team leverages more than 125 years of financial and clinical experience, as well as a deep relationship network of health care executives and institutions, to help evaluate investment opportunities and support their portfolio companies.
This was reported by Martis Capital on September 5, 2019.
Contact information: Martis Capital, 250 University Avenue, Suite 400, Palo Alto, California 94301; 650-331-8800; Website: www.martiscapital.com