Silversmith invests $50 mln in data management company Centauri Health Solutions

Boston-based Silversmith Capital Partners acquired a significant minority stake in Centauri Health Solutions, Inc., a provider of data management services for the healthcare industry. Silversmith invested $50 million in the company, which has locations in Scottsdale, Nashville and Orlando.

PRESS RELEASE

SCOTTSDALE, Ariz., May 26, 2016 – Centauri Health Solutions, Inc., a provider of risk adjustment and quality solutions, recently announced that Silversmith Capital Partners acquired a significant minority stake in its business. Silversmith committed $50 million of capital to grow the business – and its three locations in Scottsdale, Nashville and Orlando – through product development and acquisition.

“Securing Silversmith’s commitment at this stage of organizational development is paramount to our overall growth strategy,” said Centauri CEO Adam Miller. “This growth investment from Silversmith gives us the ability to attract and retain the talent needed to continue to create the most flexible and innovative tools in risk adjustment and quality data management.”
Centauri will use the proceeds to enhance its core platform, fund expansion of new products and services and invest in personnel and infrastructure to scale rapidly.

“We are excited to partner with Adam and his team,” said Jim Quagliaroli, managing partner of Silversmith. “Centauri has deep domain experience delivering risk adjustment and quality solutions and is well-positioned to grow its customer base in the health plan and at-risk provider market. As a rapidly growing, founder-led business addressing a large market opportunity, Centauri is a great fit for Silversmith.”

About Centauri Health Solutions

Centauri Health Solutions focuses on revealing care opportunities through its suite of products and services. Delivering data-driven services through private cloud-based software solutions, the firm provides comprehensive data management designed specifically for risk adjustment and quality-based revenue programs. Centauri improves member outcomes and financial performance for health plans and at-risk providers by supporting initiatives in risk adjustment, RADV risk mitigation, HEDIS® and Star Ratings. Headquartered in Scottsdale, Ariz., Centauri Health Solutions also has offices in Nashville, Tenn., and Orlando, Fla. For more information, visit www.centaurihs.com.

About Silversmith Capital Partners

Founded in 2015, Silversmith Capital Partners is a Boston-based growth equity firm with $460 million of capital under management. Silversmith’s mission is to partner with and support the best entrepreneurs in growing, profitable technology and healthcare companies. The firm seeks to invest $15 million to $50 million per company, with the ability to increase the equity commitment in select situations. The founders have over four decades of collective investing experience and have served on the boards of numerous successful growth companies including Ability Networks, Accelecare Wound Centers, Dealer.com, Liazon, Liberty Dialysis, MedeAnalytics, MedHOK, National Cardiovascular Partners, Net Health, Passport Health, SurveyMonkey, Wrike and Yapstone. For more information, visit www.silversmithcapital.com