Discovery Health Partners, a Itasca, IL-based provider of insights and technology-powered solutions for healthcare payers, received a majority investment from Carrick Capital.
The financial terms of the deal – which follows an initial investment of $22.5M in August of 2015 – were not disclosed.
The company will use the funds to expand operations and its business reach.
Led by CEO Jason Brown, Discovery Health Partners delivers actionable analytic insights and technology-powered solutions to allow healthcare payers to improve payment integrity, increase revenue optimization, and maximize efficiencies with government programs.
The company serves more than 60 health plans across the U.S., including five of the 10 largest U.S. health plans, 12 Blues plans, more than 50 Medicare Advantage plans, and numerous regional and community plans.
Following the deal, Carrick’s Both Alexander Mason and Steve Unterberger will remain actively involved as members of the Discovery Health Partners Board of Directors.