Investment Summary

Trident Capital and CRG Invest In Hicuity Health

On November 29, 2011, Trident Capital and private equity firm CRG invested in healthcare services company Hicuity Health

Investment Highlights
  • This is Trident Capital’s 4th and CRG’s 1st transaction in the Healthcare Services sector.
  • This is Trident Capital’s 69th and CRG’s 2nd transaction in the United States.
  • This is Trident Capital’s 1st and CRG’s 1st transaction in Missouri.

Investment Summary

Date 2011-11-29
Target Hicuity Health
Sector Healthcare Services
Investor(s) Trident Capital
CRG
Deal Type Growth Capital

Target

Hicuity Health

St. Louis, Missouri, United States
Hicuity Health is a provider of high acuity telehealth services, serving approximately 100 hospitals in 26 states on a 24 x 7 x 365 basis. Hicuity Health was founded in 2005 and is based in St. Louis, Missouri.

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Investor(S) 2

Investor

Trident Capital

San Mateo, California, United States

Category Private Equity Firm
Founded 1993
PE ASSETS 1.9B USD
Size Large
Type Sector Focused
DESCRIPTION

Trident Capital was a venture capital firm focused on investments at all company stages, from early and expansion stage investments to buyouts and recapitalizations. Trident focused on investments in tech-enabled sectors, including enterprise software/services, outsourcing and payments, healthcare software/services, internet/consumer, and energy/clean tech. In 2015, Trident ceased investing and the Firm's employees split to form Sunstone Partners, a growth equity firm, and Trident Capital Cybersecurity, a venture firm focused on the cyber security sector.


DEAL STATS #
Overall 77 of 86
Sector (Healthcare Services) 4 of 5
Type (Growth Capital) 9 of 12
State (Missouri) 1 of 2
Country (United States) 69 of 78
Year (2011) 7 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-07-21 BlueCat

Toronto, Ontario, Canada

BlueCat provides software-based Enterprise Domain Name System solutions that offer its customers management tools and security capabilities to manage their increasingly complex internal corporate networks. BlueCat's solutions result in improved network performance, enhanced network visibility, reduced network downtime and strengthened network security. BlueCat was founded in 2001 and is based in Toronto, Ontario.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-12-14 HealthMEDX

Ozark, Missouri, United States

HealthMEDX is a software provider for long-term care, home health, and rehab organizations with innovative product design, flexible deployment options, the ability to address multiple care settings, and an easy to use product.

Buy -
Investor

CRG

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2003
PE ASSETS 3.0B USD
Size Large
Type Sector Focused
DESCRIPTION

CRG is a healthcare focused investment firm focused on growth capital to commercial-stage public and private companies. CRG looks to commit $20 to $300 million that are developing next-generation healthcare products, technologies and services that address significant and substantial unmet medical needs. Specific areas of interest include biopharmaceuticals, specialty pharmaceuticals, medical devices, drug delivery, animal health, tools and diagnostics, and healthcare services. CRG was formed in 2003 and is headquartered in Houston, Texas.


DEAL STATS #
Overall 2 of 13
Sector (Healthcare Services) 1 of 6
Type (Growth Capital) 1 of 5
State (Missouri) 1 of 1
Country (United States) 2 of 12
Year (2011) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-10-25 Omeros

Seattle, Washington, United States

Omeros is a clinical-stage bio-pharmaceutical company committed to discovering, developing and commercializing products focused on inflammation, coagulopathies and disorders of the central nervous system. Omeros was founded in 1994 and is based in Seattle, Washington.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-04-28 Alignment Healthcare

Orange, California, United States

Alignment Healthcare provides healthcare management services to providers, health plans, and hospitals. The company offers an end-to-end continuous care program, including clinical care coordination, risk management capabilities, and IT enablement. Alignment Healthcare was incorporated in 2013 and is headquartered in Orange, California.

Buy -