Xevant, a Lehi, UT-based provider of healthcare analytics and technology solutions, received a follow-on investment from HCAP Partners and Tech Council Ventures.
The amount of the deal was not disclosed.
The company intends to use the funds to expand operations and development efforts.
Xevant provides a pharmacy benefits platform that infuses real-time automation and alerts throughout the data analysis process, accelerating and simplifying the task of report building for PBMs, TPAs, Health Plans, Brokers, and Consultants. With it, critical pharmacy analysis can now be done instantly. The results are optimized business processes, reduced operating costs, and improved patient outcomes.
Commenting on the news, Pete Tantillo, CFO of Xevant, said: “We are thrilled to have HCAP Partners and Tech Council Ventures, two of our largest investors, confidently make such a large commitment to further the next phase of our growth. This renewed commitment is a testament to the strength of our partnerships and the alignment of our goals.”
FinSMEs
22/02/2024