Qualifacts, one of the largest Software-as-a-Service (SaaS) electronic health record providers (EHR) for behavioral health and human service organizations, announced that Warburg Pincus, a leading global private equity firm focused on growth investing, has acquired the company from the previous investor, Great Hill Partners. Financial terms of the transaction were not disclosed. The investment will allow Qualifacts to accelerate product development and expand sales and marketing efforts. The partnership will also help the company identify strategic relationships and acquisition opportunities.
Qualifacts is a leader in cloud-based health care technology, providing integrated clinical, financial, and administrative software solutions to the behavioral health and human service market. Warburg Pincus is a leading investor in health care technology, focused on thesis-driven growth at scale. Since its inception, the firm has invested in excess of $10 billion and $17 billion into health care and technology companies, respectively.
Under Great Hill Partners’ ownership since July 2014, Qualifacts has dramatically grown its customer base and workforce, cementing its position as one of the largest SaaS behavioral health EHR platforms and behavioral health EHR businesses. The company’s SaaS EHR platform, CareLogic Enterprise, is used by more than 60,000 behavioral health professionals in 34 states and, last year, supported the delivery of more than 50 million services to over one million consumers.
Aeris Partners served as the exclusive financial advisor to Qualifacts and Great Hill Partners. TripleTree served as the financial advisor to Warburg Pincus. Goodwin Procter LLP served as legal advisor to Qualifacts and Great Hill Partners and Orrick, Herrington & Sutcliffe LLP served as legal advisors to Warburg Pincus.
Qualifacts is one of the most trusted technology provider organizations of Electronic Health Records (EHR) for behavioral health and human services organizations. As a strategic partner, Qualifacts and its EHR platform, CareLogic®, helps customers focus on what is most important – client care – by optimizing efficiency and productivity while also keeping them ahead of the ever-changing regulatory landscape.
Warburg Pincus LLC is a leading global private equity firm focused on growth investing. The firm has more than $65 billion in private equity assets under management. The firm’s active portfolio of more than 185 companies is highly diversified by stage, sector, and geography. Warburg Pincus is an experienced partner to management teams seeking to build durable companies with sustainable value. Founded in 1966, Warburg Pincus has raised 19 private equity funds, which have invested more than $77 billion in over 870 companies in more than 40 countries. Since inception, the firm has invested more than $10 billion in more than 150 health care companies and over $17 billion in more than 320 technology companies.
Great Hill Partners is a Boston-based private equity firm that has raised $7.7 billion in commitments since inception to invest in growth companies across a wide range of sectors including financial technology, health care, digital media & consumer, cloud & IT infrastructure, and software. Great Hill Partners targets investments of $40 million to $250 million.
This was reported by Qualifacts on September 20, 2019.
Contact information: Joe Morris, Senior Marketing Content Writer, Qualifacts, 315 Deaderick Street Suite 2300, Nashville, Tennessee 37238; 615-243-0440; Email: email@example.com; Website: http://qualifacts.com
Contact information: Warburg Pincus LLC, 450 Lexington Avenue, New York, New York 10017; Website: www.warburgpincus.com
Contact information: Great Hill Partners, 200 Clarendon Street, 29th Floor, Boston, Massachusetts 02116; 617-790-9400; Website: www.greathillpartners.com