Arcadia and Nordic Capital have announced a strategic partnership where Nordic Capital will become the majority owner of Arcadia. The transaction is expected to close in the second half of 2025, subject to customary regulatory approvals and closing conditions.
Arcadia is a population health management technology company supporting healthcare enterprises taking on risk and transitioning to value-based care. Arcadia’s platform integrates data from across the healthcare ecosystem and transforms it into insights that generate improved outcomes and quality, increased revenue and reduced costs for providers, payers and government organizations. With differentiated access to rich datasets, Arcadia delivers advanced analytics and performance benchmarks that support smarter, faster decision making.
Nordic Capital, a global private equity firm established in 1989, focuses on leveraged buyouts of established companies, mainly in Northern Europe and North America. Headquartered in Stockholm, Sweden, the firm manages approximately $40 billion in capital.
Lazard acted as exclusive financial advisor to Arcadia and TripleTree acted as exclusive financial advisor to Nordic Capital for this transaction. Terms of the transaction were not disclosed.
According to data in the LevinPro HC database, this transaction represents the 164th eHealth acquisition of 2025, and the 21st in the analytics specialty. Analytics is the fifth most active eHealth subsector so far this year, behind revenue cycle management (32 deals), patient engagement (28 deals), telehealth (27 deals) and medical practice management software (22 deals). There were 30 analytics transactions reported in 2024, and 35 reported in 2023.
