Healthation receives investment from ABS Capital / Hughes & Company
Deal Synopsis
Healthation received $19 million of development capital from ABS Capital Partners, Hughes & Company, and other investors on June 5, 2013.
Company Details
Healthation provides administration and private portal services for healthcare payers and administrators. The company offers a single, web-based platform for all healthcare lines of business, including medical, dental, vision, and pharmacy. Its payer platform, which includes core administration, portals and healthcare informatics, and integrates more than 30 third-party healthcare applications, supports 37 million members across all lines of business in commercial and government markets.
Investor Details
ABS Capital Partners is a growth equity firm based in Baltimore, Maryland with additional offices in San Francisco, California and Washington, DC. The firm primarily invests in business- and tech-enabled services and health care sectors. It was founded in 1990.
Hughes & Company is a private equity firm headquartered in Chicago, Illinois. The firm specializes in recapitalization, growth equity, and buyout transactions and invests in lower middle-market healthcare information technology and tech-enabled services companies.