Deal Details
Solarity Receives Strategic Growth Investment from TA
Summary
Solarity, a portfolio company of BV Investment Partners (“BV”), has received a strategic growth investment from TA Associates (“TA”). The terms of the transaction were not disclosed.
Baird served as exclusive financial advisor to Solarity on this transaction.
About
Solarity is a leading provider of automated clinical data processing solutions, allowing acute and ambulatory healthcare providers to quickly and accurately analyze unstructured clinical data. Enhanced over decades of clinical data transmissions, Solarity’s software integrates into a provider’s existing technology workflows and makes information accessible within any electronic medical record (“EMR”) system, resulting in more informed clinical decisions for physicians and better outcomes for patients. Solarity continues to revolutionize healthcare delivery and mitigate costs, creating more efficient and automated data workflows. Solarity is headquartered in St. Louis, Missouri.BV is one of the oldest and most experienced sector-focused private equity firms in North America. Since its founding in 1983, the firm has invested approximately $5.5 billion, actively targeting investments in the tech-enabled business services, software and IT services industries. The firm is investing out of its 11th private equity fund, which closed in September 2023 with $1.75 billion in capital commitments. BV was ranked in Inc. Magazine’s 2023 list of Founder-Friendly Investors. BV is headquartered in Boston, Massachusetts.
TA is a leading global private equity firm focused on scaling growth in profitable companies. Since 1968, TA has invested in more than 560 companies across its five target industries – technology, healthcare, financial services, consumer and business services. Leveraging its deep industry expertise and strategic resources, TA collaborates with management teams worldwide to help high-quality companies deliver lasting value. The firm has raised $65 billion in capital to date and has over 150 investment professionals across offices in Boston, Menlo Park, Austin, London, Mumbai and Hong Kong. TA is headquartered in Boston, Massachusetts.
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- Date
- June 2024
- Company
- Solarity
- Transaction
- M&A - Sellside
- Sectors
- Healthcare
- Verticals
-
Healthcare IT & Services
- Target Geography
- North America
- Acquiror Geography
- North America
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