Investment Summary

NewSpring Capital and TT Capital Partners Invest In MacroHealth

On June 10, 2020, private equity firm NewSpring Capital and growth capital firm TT Capital Partners invested in information technology company MacroHealth

Investment Highlights
  • This is NewSpring Capital’s 19th and TT Capital Partners’ 4th transaction in the Information Technology sector.
  • This is NewSpring Capital’s 139th and TT Capital Partners’ 8th transaction in the United States.
  • This is NewSpring Capital’s 4th and TT Capital Partners’ 1st transaction in Washington.

Investment Summary

Date 2020-06-10
Target MacroHealth
Sector Information Technology
Investor(s) NewSpring Capital
TT Capital Partners
Deal Type Growth Capital

Target

MacroHealth

Kirkland, Washington, United States
MacroHealth is a health information technology company that provides healthcare network optimization and claims settlement services to insurers, third-party administrators (TPAs), provider-sponsored health plans, and other payers. MacroHealth was founded in 2017 and is based in Kirkland, Washington.

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Investor(S) 2

Investor

NewSpring Capital

Radnor, Pennsylvania, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1999
PE ASSETS 3.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION

NewSpring Capital is a private investment firm focused on growth companies in the Mid-Atlantic US. The Firm can provide both growth equity and junior capital to prospective companies. NewSpring's target investment size for both mezzanine and equity financing is $2 to $5 million, although for new ventures, the Firm can commit up to $10 million. Sectors of interest include specialty manufacturing, technology, business services, information technology, life science, healthcare services, and medical devices. NewSpring Capital was formed in 1999 and is based in Radnor, Pennsylvania with an additional office in Short Hills, New Jersey.


DEAL STATS #
Overall 141 of 200
Sector (Information Technology) 19 of 25
Type (Growth Capital) 68 of 105
State (Washington) 4 of 4
Country (United States) 139 of 196
Year (2020) 6 of 16
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-06-01 Alpha Imaging

Willoughby, Ohio, United States

Alpha Imaging is a distributor and service partner for major OEMs, delivering value-added sale processing, distribution, installation, and service support to over 1,100 healthcare facilities throughout the Midwest, Mid-Atlantic, and Southeast. Alpha Imaging was formed in 1986 and is based in Willoughby, Ohio.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-07-16 Careforth

Boston, Massachusetts, United States

Careforth is a tech-enabled health services company transforming care management in the home. The Company introduced Caregiver Homes, a unique in-home care model that empowers and compensates family members as they care for loved ones with chronic conditions otherwise eligible for skilled nursing care. Careforth is currently in development of Vela, its next-generation technology platform that will allow caregivers to collaborate with care teams and health care professionals while navigating a broad network of resources and information. Careforth was formed in 2000 and is based in Boston, Massachusetts.

Sell -
DESCRIPTION

TT Capital Partners is the investment arm of financial advisory firm TripleTree. TT Capital Partners invests in emerging healthcare technology and services companies with the potential to be market leaders across disruptive themes in healthcare. TT Capital Partners is based in Minneapolis, Minnesota.


DEAL STATS #
Overall 9 of 15
Sector (Information Technology) 4 of 5
Type (Growth Capital) 6 of 9
State (Washington) 1 of 1
Country (United States) 8 of 14
Year (2020) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-04-10 Integra ServiceConnect

Owings Mills, Maryland, United States

Integra represents a quarter of the combined company revenue and addresses the social needs of its members with operations in multiple states. Integra operates its existing business while leveraging its expertise to help MedZed engage more members in its existing markets. Integra’s Community Health Worker engagement model which has yielded high success rates compared to traditional remote outreach methods will be implemented with MedZed’s existing customers enabling increased engagement and retention rates of referred Medicaid members.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-30 CorroHealth

Plano, Texas, United States

CorroHealth is a provider of clinically led healthcare analytics and technology-driven solutions, dedicated to positively impacting the financial performance of physicians, hospitals, and health plans. CorroHealth was founded in 2020 and is based in Plano, Texas.

Buy -