Investment Summary

Pamlico Capital Invests In ClarisHealth

On January 9, 2024, private equity firm Pamlico Capital invested in information technology company ClarisHealth

Investment Highlights
  • This is Pamlico Capital’s 10th transaction in the Information Technology sector.
  • This is Pamlico Capital’s 79th transaction in the United States.
  • This is Pamlico Capital’s 3rd transaction in Tennessee.

Investment Summary
Date 2024-01-09
Target ClarisHealth
Sector Information Technology
Investor(s) Pamlico Capital
Deal Type Growth Capital
Advisor(s) William Blair (Financial)

Target

ClarisHealth

Brentwood, Tennessee, United States
ClarisHealth provides prospective payment integrity solutions in the Gartner Hype Cycle, provides health plans and payers with a better way to drive claims payment accuracy. Its proprietary, A.I.-powered enterprise technology platform Pareo enables health plans to maximize cost avoidance and recoveries at the most optimized cost for an industry-leading ROI. ClarisHealth is based in Brentwood, Tennessee.

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Investor(S) 1

Investor

Pamlico Capital

Charlotte, North Carolina, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1988
PE ASSETS 3.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Pamlico Capital is a private equity group focused on mid-sized transactions. Pamlico looks to invest $25 to $125 million per transaction. Sectors of interest include business and technology services, consumer products/services, industrial, energy, financial services, healthcare, media, and communications. Pamlico will consider both minority and majority positions. Prospective transactions include management or leveraged buyouts, recapitalizations, growth financings, mezzanine, and special situations. Pamlico was formerly known as Wachovia Capital Partners. The Firm was originally formed in 1988 and is based in Charlotte, North Carolina.

DEAL STATS #
Overall 84 of 84
Sector (Information Technology) 10 of 10
Type (Growth Capital) 29 of 29
State (Tennessee) 3 of 3
Country (United States) 79 of 79
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-15 Your Part-Time Controller

Philadelphia, Pennsylvania, United States

Your Part-Time Controller provides outsourced accounting and financial services for over 1,700 nonprofit organizations in almost every state through a combination of on-site service. YPTC was founded in 1993 and is based in Philadelphia, Pennsylvania.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-02-21 Fastpath

Des Moines, Iowa, United States

Fastpath is a provider of security access, monitoring, and compliance platform. Fastpath’s core product offering, Assure, is a SaaS software suite of tools that can integrate with multiple ERP systems, enabling corporate finance and risk managers to automatically monitor IT systems for security and compliance events. Fastpath was founded in 2004 and is based in Des Moines, Iowa.

Sell -
Mergr

Product

Company

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