HCIT-Focused Funds?
For those of you familiar with the financial sponsor community, what are some of the more active funds within the healthcare information technology space? I am interested in platforms across the middle-market and mega fund spectrum.
A family friend, who has spent ~15 years as a chief information officer of a healthcare system with ~$2 bn in annual revenue, is interested in opportunities to serve as an operating partner as a part of his retirement plan. The healthcare system has six hospitals across several states with a handful of out-patient clinical sites as well. Candidly, I know very little about the healthcare private equity space and appreciate any insight afforded.
Thank you in advance!
Cressey, Martis Capital, Water Street, Revelstoke are a few MM names
This is a great start -- thank you!
Clearlake, Francisco, New Mountain, Thoma Bravo, and Vista Equity are a few UMM / large cap sponsors who play in the space.
Thank you!
Most healthcare-focused funds will dedicate some equity and time to the HCIT sector. Pure HCIT focused funds are rare (because valuations are very high). Some of the names above are a little too diversified to have an HCIT focus.
You'll find major HCIT investments in the portfolios of each of the following:
Veritas New Mountain Welsh Carson (WCAS) Arsenal Parthenon Capital Linden Revelstoke Vistria Group Cressey Webster Equity Frazier Healthcare
EQT Bain Golden Gate Symphony GI TA Genstar Great Hill Parthenon Summit
As someone said - most are diversified. Think Veritas, Thoma Bravo, Vista and Symphony are true 100% tech stuff
Send me a DM? Can’t send you one, as you are anonymous.
I appreciate all of the feedback here -- thank you, all!
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