Gemspring Capital, a private equity firm based in Westport, Connecticut, announced on December 4 the sale of Valant Medical Solutions to Resurgens Technology Partners.
Aeris Partners served as financial advisor to Valant and McDermott Will & Emery LLP served as legal counsel to Gemspring. The financial terms were not disclosed.
Valant Medical Solutions is a provider of SaaS-based electronic health record (EHR) and practice management software for behavioral health providers. It provides a comprehensive and differentiated software platform that enables customers to manage key operational, clinical and financial workflows to drive optimal business and patient outcomes. Valant has scaled to serve more than 22,000 behavioral health professionals across all 50 states.
Resurgens Technology Partners is an Atlanta-based private equity firm focused on investing in North American and select European, lower middle-market businesses with a focus on enterprise software.
According to data captured in the LevinPro HC database, this transaction represents the 258th eHealth acquisition of the year, and the 13th in the EHR specialty.
