Capital investment and industry insight to fuel continued growth and build on market leadership position
SAN FRANCISCO--(BUSINESS WIRE)-- Quantros, Inc., a leading provider of healthcare software and services for data management, decision support analytics, and clinical business intelligence, today announced that Francisco Partners, one of the world’s largest technology-focused private equity firms, has agreed to make a significant capital investment in the company. Quantros’ products and services enable and empower healthcare provider improvements in patient safety, quality and compliance. Quantros continues to experience significant growth as a result of the healthcare industry’s increasing focus on improving the quality of patient care and medical outcomes. The company’s expansive market penetration, industry leadership, suite of software solutions, and the opportunity to further accelerate growth were key drivers for Francisco Partners’ investment.
The company’s mission from inception has been to transform a wealth of healthcare data into actionable knowledge that can empower healthcare industry professionals to improve patient safety, quality and compliance. Today, more than 2,000 healthcare facilities throughout the United States use Quantros solutions to improve patient care, increase operational efficiency, reduce costs, ensure compliance, and minimize risk exposure.
“Quantros remains committed to providing software and services that dramatically improve the clinical, operational and financial performance of healthcare providers,” said Dr. Sanjaya Kumar, Co-Founder, President and CEO of Quantros, Inc. “Our alliance with Francisco Partners will help accelerate this journey for both Quantros and the many valued clients who rely on our solutions to help provide a safe, high quality care environment. By joining forces with Francisco Partners, we will be able to accelerate key investments in people, processes and technology and to continue building improved solutions and services for our customers.”
“The ever increasing emphasis on the quality of patient care and the desire to transform data from across the enterprise into actionable knowledge are driving dramatic changes within the healthcare industry. Quantros has built a reputation as a leader within the quality, safety, and compliance market through its innovative, web-based solutions. We look forward to working with the Quantros management team to continue to drive innovative, reliable solutions that increase efficiency, reduce costs and drive improved outcomes for care providers and their patients” said Ezra Perlman, a partner with Francisco Partners and the head of its healthcare IT practice.
Francisco Partners has considerable experience within the healthcare IT sector. Quantros represents Francisco Partners’ seventh investment in the healthcare IT industry, joining its current portfolio of companies - AdvancedMD, API Healthcare, Healthland, QuadraMed, and T-System, as well as a former portfolio company, LYNX Medical Systems, which was acquired by Picis, Inc. in 2007.
B.C. Ziegler and Company acted as financial advisor to Quantros on this transaction.
About Quantros:
Quantros is a leading software and services provider for the healthcare industry in the areas of safety and risk management, quality and performance improvement, accreditation and compliance, real-time surveillance and centralized decision support. Today, more than 2,000 healthcare facilities use Quantros solutions to improve performance and provide a safe, high quality environment of care. For more information about Quantros, please visit www.quantros.com
About Francisco Partners:
With nearly $7.0 billion of committed capital and offices in San Francisco and London, Francisco Partners is one of the world's largest technology-focused private equity funds. The firm was founded to pursue structured investments in technology companies undergoing strategic, technological, and operational change. Francisco Partners targets majority and minority investments in private companies, public companies, and divisions of public companies, with transaction values ranging from $30 million to $2.0 billion. For additional information, please visit www.franciscopartners.com
CONTACT:
Quantros, Inc.
Chris Bethell, VP of Marketing
408-514-4853
[email protected]
KEYWORDS: United States North America California
INDUSTRY KEYWORDS: Technology Data Management Software Health Hospitals Managed Care
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