SCOTTSDALE, Ariz., May 16, 2016 /PRNewswire/ -- Centauri Health Solutions, Inc., a provider of risk adjustment and quality solutions, announced today that Silversmith Capital Partners has acquired a significant minority stake in the business. Silversmith has committed $50 million of capital to grow the business through product development and acquisition.
"Having Silversmith's commitment at this stage of organizational development is paramount to our overall growth strategy," stated Centauri CEO Adam Miller. "This growth investment from Silversmith gives us the ability to attract and retain the talent needed to continue to create the most flexible and innovative tools in the market." Centauri will use the proceeds to enhance its core platform, fund expansion of new products and services, and invest in people and infrastructure to scale rapidly.
Jim Quagliaroli, Managing Partner of Silversmith stated, "We are excited to partner with Adam and his team. The team at Centauri has deep domain experience delivering risk adjustment and quality solutions, and is well positioned to grow its customer base of health plans and at-risk providers. As a rapidly growing, founder-led business addressing a large market opportunity, Centauri is a great fit for Silversmith."
About Centauri Health Solutions
Centauri Health Solutions focuses on revealing care opportunities through its suite of products and services. Delivering data-driven services, through private cloud-based software solutions, the firm provides comprehensive data management designed specifically for risk adjustment and quality-based revenue programs. Centauri improves member outcomes and financial performance for health plans and at-risk providers by supporting initiatives in risk adjustment, RADV risk mitigation, HEDIS and Star Ratings. Headquartered in Scottsdale, Ariz., Centauri Health Solutions also has offices in Nashville, Tenn., and Orlando, Fla. For more information, visit www.centaurihs.com
About Silversmith Capital Partners
Founded in 2015, Silversmith Capital Partners is a Boston-based growth equity firm with $460 million of capital under management. Silversmith's mission is to partner with and support the best entrepreneurs in growing, profitable technology and healthcare companies. The firm seeks to invest $15 million to $50 million per company, with the ability to increase the equity commitment in select situations. The founders have over four decades of collective investing experience and have served on the boards of numerous successful growth companies including Ability Networks, Accelecare Wound Centers, Dealer.com, Liazon, Liberty Dialysis, MedeAnalytics, MedHOK, National Cardiovascular Partners, Net Health, Passport Health, SurveyMonkey, Wrike and Yapstone. For more information, visit www.silversmithcapital.com.
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SOURCE Centauri Health Solutions