Unitranche

Sector: Healthcare IT

AB Private Credit Investors (AB-PCI) provided a unitranche credit facility to support GTCR-backed Cedar Gate Technologies, acquisition of Global Healthcare Alliance. AB-PCI leveraged its healthcare and IT expertise to deliver an efficient financing solution.

“As a leading provider of SaaS technology and technology-enabled services, GHA is attractively positioned to assist payors and providers in their transition to value-based care,” noted Patrick Fear, Managing Director of AB-PCI. “We are excited to partner with GTCR, and Dave Snow, Cedar Gate’s CEO, and look forward to supporting the Company’s future growth.”

GHA developed a proprietary SaaS claims adjudication technology, Axia™, that automates the conversion of fee-for-service claims into a single, bundled claim, and facilitates and manages payments between payors and providers. It enables healthcare entities to successfully manage prospective bundled payment programs for multiple clinical specialties. GHA has processed over 2.25 million distinct bundles since inception

GTCR is a leading private equity firm focused on investing in growth companies in the Financial Services & Technology, Healthcare, Technology, Media & Telecommunications and Growth Business Services industries. The Chicago-based firm pioneered The Leaders Strategy™ – finding and partnering with management leaders in core domains to identify, acquire and build market-leading companies through transformational acquisitions and organic growth. Since its inception, GTCR has invested more than $15 billion in over 200 companies. 

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This announcement is not a recommendation of, or offer to buy or sell any security or financial instrument.