A Nashville-based healthcare data analytics software provider announced yesterday that it has completed a $26 million investment round led by Fulcrum Equity Partners with participation from Frist Cressey Ventures, Blue Heron Capital, Bridge Bank, and company management.
The software developed by the company – Stratasan LLC – provides market intelligence to hospitals and healthcare systems, equipping them to make better strategic growth decisions. By serving as a hub for business development intelligence, the company says that it provides a foundation for growth in the areas of strategic planning, marketing, physician relations, and expansion.
According to yesterday’s announcement, the funds will be used to further expand its product offerings as well as invest in its sales, marketing, and customer success teams.
“We are profoundly grateful for the opportunity to partner with three operationally focused growth equity firms to begin the next chapter in our journey,” said Jason Moore, Stratasan’s Co-Founder and Chief Executive Officer. “We’ve built a customer-first culture, and our entire team is looking forward to providing increased value to our current and future customers through this new investment. As we look to the future, I want to be sure to also thank our current investors and the TNInvestco program, as they were pivotal in helping us get to where we are today.”