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Seattle-based health software company Valant sold to another private equity firm

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Valant Medical Solutions, a Seattle startup that develops software to help behavioral health practitioners manage billing and electronic medical records at their offices, has been sold to Resurgens Technology Partners, a private equity firm based in Atlanta.

  • Valant has been backed by Connecticut-based private equity firm Gemspring Capital since 2019. Terms of the deal were not disclosed on Monday.
  • Valant was founded in 2005 by brothers David Lischner, a psychiatrist who previously ran Evidence Based Treatment Centers of Seattle, and Ben Lischner, a former software developer at AT&T Wirelesss.
  • The startup has raised $26.3 million according to Crunchbase, including an $11 million round 10 years ago, and has grown to serve more than 22,000 behavioral health professionals across all 50 states.
  • “Our team is thrilled that we have the support of a leading software investor to drive Valant’s adoption and to provide better outcomes for behavioral health patients and practices alike,” Valant CEO Ram Krishnan said in a news release. “Resurgens Technology Partners has the expertise and vision to support Valant’s plan to deliver value across the behavioral health landscape through its modern, purpose-built cloud platform.”

Source: Geek Wire

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