Dallas, TX-based Superior Global Solutions (SGS), a provider of medical documentation, coding and technology enabled services to hospitals and health systems, received a $6m investment in Petra Capital Partners, a private equity firm based in Nashville, Tennessee.
The capital is a combination of subordinated debt and preferred stock. SGS used a portion of the proceeds to buyout a minority shareholder and to make a strategic technology acquisition.
Petra Managing Partner, Mike Blackburn, and Petra Venture Partner, David Fitzgerald, will join SGS’s Board of Directors.
SGS is Petra’s fourth investment in 2009 and sixth investment from its newest fund, Petra Growth Fund II, L.P.
FinSMEs
23/10/2009