Investment Summary

Health Enterprise Partners and Council Capital Invest In Alivia

On October 6, 2022, private equity firms Health Enterprise Partners and Council Capital invested in internet software and services company Alivia

Investment Highlights
  • This is Health Enterprise Partners’ 5th and Council Capital’s 2nd transaction in the Internet Software and Services sector.
  • This is Health Enterprise Partners’ 29th and Council Capital’s 19th transaction in the United States.
  • This is Health Enterprise Partners’ 2nd and Council Capital’s 2nd transaction in Massachusetts.

Investment Summary

Date 2022-10-06
Target Alivia
Sector Internet Software and Services
Investor(s) Health Enterprise Partners
Council Capital
Deal Type Growth Capital

Target

Alivia

Woburn, Massachusetts, United States
Alivia provides a revolutionary, AI-powered payment integrity platform for cost containment, serving commercial and government health plans, auditors, and fraud investigators. The platform offers speed, accuracy, and adaptability with powerful data and analytics. Alivia is based in Woburn, Massachusetts.

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Investor(S) 2

Investor
DESCRIPTION

Health Enterprise Partners is a private equity firm focused on the healthcare technology, tech-enabled services, and healthcare services. Specific areas of interest include behavioral health IT, consumer engagement platforms, data security, genomics data analytics, payor services, tech-enabled substance abuse management, social determinants of health, and virtual care. The Firm generally pursues growth equity investments and small buy-and-builds. Health Enterprise Partners was formed in 2007 and is headquartered in New York City.


DEAL STATS #
Overall 29 of 32
Sector (Internet Software and Services) 5 of 5
Type (Growth Capital) 15 of 15
State (Massachusetts) 2 of 2
Country (United States) 29 of 32
Year (2022) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-01 Payer Compass

Plano, Texas, United States

Payer Compass is a developer of software platform VISIUM a purpose-built healthcare pricing engine and contract management system focused on addressing the complexities of Medicare, Medicaid, and Commercial claims pricing. Payer Compass was founded in 2013 and is based in Plano, Texas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-14 Toney Healthcare Consulting

Tampa, Florida, United States

Toney HealthCare Consulting provides advisory services, hands-on leadership and experts in clinical operations, quality, regulatory and compliance, and accreditation for health plans and other risk-bearing organizations nationwide. THCC’s team consists of over 350 subject matter experts, experienced clinicians and administrative professionals across the spectrum of healthcare services. Toney Healthcare Consulting was founded in 2008 and is based in Tampa, Florida.

Buy -
Investor

Council Capital

Investor Investor


Category Private Equity Firm
Founded 2000
PE ASSETS 300M USD
Size Middle-Market
Type Sector Focused
DESCRIPTION

Council Capital is a private equity firm focused on investing in lower-middle market healthcare services and healthcare IT businesses across the US. The Firm targets control and minority investments in companies with growth potential, EBITDA up to $7 million, and between $5 and $50 million in revenue. Council Capital was founded in 2000 and is based in Nashville, Tennessee.


DEAL STATS #
Overall 19 of 21
Sector (Internet Software and Services) 2 of 3
Type (Growth Capital) 11 of 13
State (Massachusetts) 2 of 2
Country (United States) 19 of 21
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-25 ViaQuest

Dublin, Ohio, United States

ViaQuest offers quality, highly-personalized, specialized, and cost-effective care, solutions, and services in IDD, hospice care, and behavioral and mental health. ViaQuest was founded in 1999 and headquartered in Dublin, Ohio.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-06-05 Allegiant Managed Care

Pittsburgh, Pennsylvania, United States

Allegiant Managed Care offers an array of workers’ compensation and injury benefit services that include medical case management, vocational case management, and specialty services such as Life Care Plans, liability record reviews, medical cost projections, and Medicare Set Asides. Allegiant Managed Care was formed in 1992 and is based in Pittsburgh, Pennsylvania.

Buy -