Transactions
September 4 2013
ZeOmega receives Growth Capital from Bregal Sagemount
Company Description
ZeOmega is the industry’s leading provider of Population Health Management (PHM) technology solutions. ZeOmega’s enterprise level platform, Jiva, is relied upon by a variety of customers that include large commercial, Medicaid, and Medicare health plans as well as risk bearing provider organizations (e.g., ACOs). Jiva’s “Plug-and-Play” configurability makes the platform unique; over 80 modules can be integrated to the core platform depending on the unique requirements of the care management program and/or the population. The flexible platform architecture allows for rapid and intelligent customization, automation and integration of workflows across the care continuum and member/patient populations, resulting in an integrated and collaborative management of an individual’s health.
Objectives
ZeOmega engaged TripleTree as its exclusive financial advisor in a growth capital raise to accelerate its traction in the provider market by enhancing and building new capabilities to meet the demands of provider-based care coordination while continuing to scale and innovate with existing and new clients across the payer landscape. Recognizing that the provider-based care coordination market was developing quickly, ZeOmega sought a financial sponsor with a shared vision for the future of PHM and the ability to immediately create new opportunities in the provider market. TripleTree highlighted the Company’s differentiated PHM platform, impressive growth trajectory, and market position through a process focused on growth oriented financial sponsors.
Results
After assessing several highly qualified financial sponsors, ZeOmega chose to partner with Bregal Sagemount where Blue Cross Blue Shield Ventures and Sandbox Industries chose to participate as follow-on investors in the round. Bregal Sagemount will support ZeOmega with investments in infrastructure and personnel as the Company prepares for ongoing growth and scale in payer and provider-based care coordination.
LEAD INVESTMENT BANKERS
David Brownlie
Jason Grais
Ashish Varshneya
Company Description
ZeOmega is the industry’s leading provider of Population Health Management (PHM) technology solutions. ZeOmega’s enterprise level platform, Jiva, is relied upon by a variety of customers that include large commercial, Medicaid, and Medicare health plans as well as risk bearing provider organizations (e.g., ACOs). Jiva’s “Plug-and-Play” configurability makes the platform unique; over 80 modules can be integrated to the core platform depending on the unique requirements of the care management program and/or the population. The flexible platform architecture allows for rapid and intelligent customization, automation and integration of workflows across the care continuum and member/patient populations, resulting in an integrated and collaborative management of an individual’s health.
Objectives
ZeOmega engaged TripleTree as its exclusive financial advisor in a growth capital raise to accelerate its traction in the provider market by enhancing and building new capabilities to meet the demands of provider-based care coordination while continuing to scale and innovate with existing and new clients across the payer landscape. Recognizing that the provider-based care coordination market was developing quickly, ZeOmega sought a financial sponsor with a shared vision for the future of PHM and the ability to immediately create new opportunities in the provider market. TripleTree highlighted the Company’s differentiated PHM platform, impressive growth trajectory, and market position through a process focused on growth oriented financial sponsors.
Results
After assessing several highly qualified financial sponsors, ZeOmega chose to partner with Bregal Sagemount where Blue Cross Blue Shield Ventures and Sandbox Industries chose to participate as follow-on investors in the round. Bregal Sagemount will support ZeOmega with investments in infrastructure and personnel as the Company prepares for ongoing growth and scale in payer and provider-based care coordination.
LEAD INVESTMENT BANKERS
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