ComplexCare Solutions, Inc., a New York-based payer services company that specializes in providing risk assessment and care management services, received a $40m investment from an affiliate of Warburg Pincus.
Following the close of the transaction, ComplexCare’s management team will continue to hold a significant interest in the company.
ComplexCare will use the proceeds for future growth initiatives.
Founded in 2010 and led by Mark Blackburn, Chief Executive Officer, and John Randazzo, Chairman, the company provides health risk assessments and care management services through a network of qualified interdisciplinary care teams. It specializes in face-to-face services for Medicare Advantage, Managed Long Term Care, Medicaid, Special Needs Plans, and commercial plan members.
ComplexCare Solutions has service centers in New York, NY, Rochester, NY, Albany, NY, Nashville, TN, and San Juan, Puerto Rico.