Availity, a Jacksonville, FL-based real-time health information network, received a growth investment from Francisco Partners.
The amount of the deal was not disclosed. In addition to this equity investment, in July 2017, Availity secured a new $200m revolving credit facility to develop and acquire assets within its payer and provider segments.
The company intends to use the funds to continue to expand operations via inorganic and organic growth opportunities.
Led by Russ Thomas, CEO, Availity is HITRUST-certified health care information technology company that serves an extensive network of health plans, providers, and tech partners nationwide through a suite of dynamic products built on a smart platform. It integrates and manages the clinical, administrative, and financial data needed to power real-time coordination between providers, health plans, and patients in a value-based care environment.
Availity’s existing investors include health plans including Anthem, Florida Blue, Health Care Service Corporation (HCSC), Humana and Blue Cross Blue Shield of Minnesota.