Particular phrases of the funding weren’t disclosed. The Nashville Enterprise Journal in this article described the transaction as a “majority funding” in Trilliant.
Phil Molner, managing accomplice of Primus, stated in a news release saying the funding that Trilliant Well being “is reworking the way in which well being care techniques strategy development. By making use of superior analytics to complete claims information and client information, Trilliant gives great worth to its purchasers by providing a singular set of options to develop worthwhile income. We’re excited to accomplice with the group to construct upon their successes thus far.”
Primus joins present traders who additionally participated within the recapitalization, together with Windfall Ventures, Martin Ventures, Noro-Moseley Companions and Nashville Capital Community, in line with the discharge.
Trilliant will use the brand new funding “to proceed constructing its information science and know-how groups to boost the capabilities of its analytics platform,” the businesses stated within the launch. Its analytics platform “makes use of superior information science methodologies to mix claims information, family information and user-generated information from digital advertising and marketing campaigns to assist well being care techniques round technique, client loyalty, web site choice, M&A, payer negotiations, doctor alignment and advertising and marketing,” the discharge acknowledged.
“We couldn’t have discovered a greater accomplice than Primus,” stated Hal Andrews, president and CEO of Trilliant, in a press release. He added, “Having the assist of Primus permits us to speed up our product growth to ship extra worth to our present prospects and develop our buyer roster.”
At current, Trilliant works with greater than 70 well being care techniques nationwide. Trilliant final yr raised $12 million in a funding spherical led by Noro-Moseley, which relies in Atlanta.
Primus is a growth-oriented PE agency that focuses on investing in well being care, software program and technology-enabled providers firms. It is at present managing Primus Capital Fund VIII. Primus thus far has invested in additional than 130 firms.