Investment Summary

Hughes & Company Invests In Encoda

On January 6, 2022, private equity firm Hughes & Company invested in software company Encoda

Investment Highlights
  • This is Hughes & Company’s 2nd transaction in the Software sector.
  • This is Hughes & Company’s 4th transaction in the United States.
  • This is Hughes & Company’s 1st transaction in Florida.

Investment Summary
Date 2022-01-06
Target Encoda
Sector Software
Investor(s) Hughes & Company
Deal Type Growth Capital

Target

Encoda

Tampa, Florida, United States
Encoda develops cloud-based, enterprise medical billing software, Encoda BackOffice, which bridges workflow gaps between practice management systems, clearinghouses, and payers. Instead of medical billers toggling between multiple systems to find claims that need to be worked. Encoda was founded in 2006 and is based in Tampa, Florida.

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Investor(S) 1

Investor

Hughes & Company

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2018
Size Small
Type Sector Focused
DESCRIPTION

Hughes & Company is a hands-on, growth-oriented private equity firm focused on the healthcare sector. The Firm looks to partner with strong management teams to build and scale companies exhibiting market leadership potential and high barriers to entry. Hughes will consider both minority or majority situations and looks to commit $5 to $20 million per transaction. Hughes & Company was formed in 2018 and is headquartered in Chicago, Illinois.

DEAL STATS #
Overall 4 of 6
Sector (Software) 2 of 2
Type (Growth Capital) 2 of 3
State (Florida) 1 of 1
Country (United States) 4 of 6
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-28 Aperture Credentialing

Louisville, Kentucky, United States

Aperture Credentialing is a provider of credentialing verification services for health providers. Aperture Credentialing is based in Louisville, Kentucky.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-04-17 Voluware

Huntington Beach, California, United States

Voluware provides health systems, hospitals, and clinics with powerful custom workflow automation solutions for today's manual prior authorizations and referrals. The company's VALER platform addresses the clinical, financial, and operational risks of complex prior authorization processes, creating improved patient outcomes, financial performance, and staff morale and retention. Voluware is based in Huntington Beach, California.

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