Resurgens Technology Partners has acquired Valant

Valant

Based in Seattle, Valant employs advanced behavioral health technology solutions to foster seamless connections between patients and healthcare providers, facilitating a more accessible and integrated mental healthcare experience and making the world a mentally healthier place. The company’s purpose-built, market-leading EHR and practice management platform serves as a one-stop shop for psychiatrist and therapy practices to drive the patient experience through such robust features as patient scheduling, payments, telehealth and data intake automation. Founded in 2005, Valant’s integrated product suite enables behavioral health clinics and group practices to provide better care, run a smoother and more efficient operation and ensure full compliance.

The Deal

Lincoln International acted as exclusive financial advisor to Resurgens Technology Partners in its investment in Valant based on the firm’s deep knowledge of the behavioral health sector and the company, having previously advised Valant on its sale to Gemspring Capital in 2019. With this new partnership with Resurgens, Valant is well-positioned to expand the ways in which it serves its customers to foster seamless connections between patients and healthcare providers, facilitating a more accessible and integrated mental healthcare experience. Terms of the transaction were not disclosed. Valant is Resurgens’ seventh platform investment in the firm’s $500 million second fund and represents a continuation of the firm’s strategy to invest in the growth of vertical software companies that are leaders in their market segments.

Our Perspective

Derek Ritchea, Lincoln International Managing Director who led the transaction, commented, “We are excited to partner with the Resurgens team in this investment and we look forward to supporting Resurgens and Valant as they look to build upon the company’s market-leading position. The transaction builds upon Lincoln’s leading expertise and experience in purpose-built provider software for niche healthcare end-markets.”

Resurgens Technology Partners

Resurgens is a tech-focused private equity (PE) firm investing in North American and select European lower middle market application and information technology / infrastructure software businesses. Resurgens’ growing team offers a diversity of investing, operating and talent management experience, applying an active and engaged value creation approach with each portfolio company. Resurgens is headquartered in Atlanta, with additional professionals located in London; Austin, Texas and Silicon Valley, California. For more information, please visit www.resurgenstech.com.

Gemspring Capital

Gemspring, a Westport, Connecticut-based PE firm with $3.5 billion of capital under management, provides flexible capital solutions to middle market companies. Gemspring partners with talented management teams and takes a partnership approach to helping drive revenue growth, value creation and sustainable competitive advantages. Target companies have up to $500 million in revenue and are in the aerospace and defense, business services, consumer services, financial and insurance services, healthcare services, industrial services, software and tech-enabled services, or specialty manufacturing sectors. For more information, please visit www.gemspring.com.

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