Altruista Health, Inc., an innovative provider of population health management technology solutions for health plans and health care providers, has secured a significant capital investment from Capricorn Healthcare & Special Opportunities (CHSO), a private investment firm exclusively focused on the healthcare and wellness sector. Through its investment, CHSO will partner with Altruista’s current owners and executive team, who will continue to lead the company. Financial terms of the transaction were not disclosed.
With offices in Palo Alto, California, and Washington, DC, CHSO seeks to invest in middle-market growth companies that provide innovative products and services focused on cost containment, enhanced operating efficiency, and improved clinical outcomes. The CHSO team offers a unique combination of investment and clinical expertise, as well as a deep relationship network consisting of prominent healthcare executives, clinicians, scientists, regulators, and research institutions.
Altruista Health delivers web-based medical management and care coordination applications that help healthcare organizations address the complex care and support needs of Medicaid, Medicare and other high-risk populations. The company’s GuidingCare™ software platform includes several integrated modules that consolidate key population health management functions, including predictive risk modeling, gaps-in-care analytics, care management, disease management, utilization management, physician/provider coordination, member/caregiver engagement and more.
“Altruista Health has quickly established itself as a leader in the care management technology space,” said Barry Uphoff, Managing Principal, CHSO. “The company has a highly differentiated solution that uniquely addresses key operational and regulatory compliance challenges faced by healthcare payers. With a highly scalable technology platform and significant domain expertise, Altruista Health is poised for growth within and across several payer and provider segments. We are excited to work with their management team to further strengthen their capabilities and capitalize on their many growth opportunities.”
Capricorn Healthcare & Special Opportunities (CHSO) is a private investment firm with more than $700 million of assets under management focused on the healthcare and wellness industry. CHSO pursues buyout and growth equity transactions in the middle market, seeking to partner with leading companies and management teams.