– Private equity firm Warburg Pincus has acquired CareLogic behavioral health platform to accelerate product development and expand sales and marketing efforts.
– Qualifacts’ CareLogic Enterprise Software is a comprehensive Electronic Health Record (EHR) designed for behavioral health, mental health, & human services.
– The partnership will also help the company identify strategic relationships and acquisition opportunities.
Warburg Pincus, a healthcare technology private equity (PE) firm focused on growth investing has acquired Qualifacts, a provider of the CareLogic Electronic Health Records (EHR) for behavioral health and human services organizations. The PE firm has acquired the company from the previous investor, Great Hill Partners. Financial details of the acquisition were not disclosed.
CareLogic EHR Platform for Behavioral Health and Human Services
Qualifacts is a leader in cloud-based healthcare technology, providing integrated clinical, financial and administrative software solutions to the behavioral health and human service market. Under Great Hill Partners’ ownership since July 2014, Qualifacts has dramatically grown its customer base and workforce, cementing its position as one of the largest SaaS behavioral health EHR platforms and behavioral health EHR businesses. The company’s SaaS EHR platform, CareLogic Enterprise, is used by more than 60,000 behavioral health professionals in 34 states and last year supported the delivery of more than 50 million services to over one million consumers.
Expansion Plans for Qualifacts
The investment will allow Qualifacts to accelerate product development and expand sales and marketing efforts. The partnership will also help the company identify strategic relationships and acquisition opportunities. Qualifacts is a leader in cloud-based healthcare technology, providing integrated clinical, financial and administrative software solutions to the behavioral health and human service market.
Why It Matters
“Qualifacts offers a unique platform with a focus on providing efficient and easy-to-use tools for behavioral health and human service organizations. Backed by their experience in healthcare technology and extensive network of resources, we are confident that Warburg Pincus will further accelerate our market leadership by delivering increased value for the customers we serve,” said David Klements, President & CEO, Qualifacts. “We also want to sincerely thank Great Hill Partners for their partnership and support, which have been key to our success over the past five years.”
Since its inception, Warburg Pincus has invested in excess of $10 billion and $17 billion into healthcare and technology companies, respectively.