Minneapolis-based TT Capital Partners has announced a majority investment in Cantata Health Solutions, headquartered in Austin, Texas.
Cantata Health Solutions provides healthcare technology solutions for organizations in behavioral health, human services, acute care and post-acute care. Cantata offers a complete platform, including an integrated electronic health records system, revenue cycle management and a suite of clinical solutions that are fully configurable. Cantata is installed in more than 280 healthcare facilities across 45 states, as well as Canada, the Bahamas, Puerto Rico and Guam.
TT Capital Partners is a leading healthcare private equity investor, providing capital, expertise and insights to healthcare technology and services companies that have the potential to become market leaders.
Healthcare Growth Partners served as the exclusive financial advisor to Cantata. Nixon Peabody LLP provided legal advice to Cantata, and Faegre Drinker Biddle & Reath LLP served as legal advisor to TT Capital. Financial terms of the transaction were not disclosed.
According to data captured in the LevinPro HC database, this acquisition represents the 232nd eHealth transaction of 2023. It also follows TT Capital’s most recent acquisition of Tucson, Arizona-based Pyx Health announced in July 2023. Terms of that deal were not disclosed either.
