Netsmart Technologies, Inc., a Great River, N.Y.-based provider of enterprise software and SaaS solutions for health and human services providers, has received an investment from private equity firm Genstar Capital.
Genstar will provide the capital and strategic software and healthcare expertise to help Netsmart enhance its products, which are currently delivered to more than 18,000 customer organizations throughout the USA, including 350,000 care providers and 40 state-level mental health systems.
As stated by Mark Hanson, managing director, Genstar Capital. “The capital investment will allow Netsmart to further accelerate its leadership position through expansion of its go-to-market capabilities and additional add-on acquisitions to drive incremental functionality and value for its customers.”
Netsmart’s customers currently include psychiatric hospitals, mental health and substance abuse treatment agencies, public health departments, intellectual and developmental disabilities organizations, private and group mental health practices, vital records offices and managed care organizations.