Quatris, LLC , a provider of specialized healthcare software and database solutions, as well as hosting, software maintenance and support services for small and medium sized physician practices, announced today that it has secured a strategic investment from Seaport Capital ("Seaport"), a middle-market private equity firm. The existing management team invested in the transaction alongside Seaport and will continue to lead the company going forward. Terms of the transaction were not disclosed.
"Quatris is pursuing a number of growth initiatives," said Quatris CEO Mark Spates. "Seaport will help the current management team by providing capital and strategic assistance to execute on this vision. Seaport recognizes the importance of Quatris' support and hosting services for its customers, as well as the value of our employees. We look forward to implementing our plans and continuing to build a great company."
Seaport Capital Partner Bob Tamashunas agreed, saying, "We are impressed with the Quatris management team and service organization. The company has multiple avenues to grow as the healthcare landscape continues to evolve in coming years. We look forward to partnering with the team to assist them in achieving their strategic goals and growing the company while continuing to exceed clients' service expectations."
Quatris Health provides software and database solutions for medical practices, as well as the training and support needed to maximize the benefit of a physician practice's technology investment. The company was formed in 2013 as the result of a merger between Final Support and Alliance Healthcare Solutions. Both Final Support and Alliance Healthcare had individually been in the healthcare space for more than ten years prior to the merger. Upon its creation, Quatris Health became the largest independent seller of GE Healthcare's Centricity Practice Solution to small and medium sized physician practices.
Quatris Health is a partner for physician practices, providing clinicians, administrators and office staff software support and services. The company also provides hosting services, enabling physician practices to manage their data though the company's cloud services. For additional information, visit www.quatris.com.
Founded in 1997, Seaport Capital provides capital to middle- market companies in the communications, media, and business services sectors. Seaport works with talented management teams to create valuable companies that are leaders in their market segments. Seaport's extensive investing experience enables it to develop successful strategies; its relationships and resources help achieve them. The firm seeks to invest $10 to $25 million of equity capital in private companies with enterprise values of between $20 and $100 million.