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Virtue Technologies secures investment from Claritas

Claritas Capital has made an investment in UK-based Virtue Technologies, a provider of post-acute healthcare tech solutions. No financial terms were disclosed.

PRESS RELEASE

MURFREESBORO, TENN. (PRWEB) OCTOBER 22, 2019
Virtue Technologies, a leading provider of post-acute healthcare technology solutions, announced today that Claritas Capital, a Nashville-based private equity firm, has invested in the company. Created out of a joint venture between TwelveStone Health Partners and VirtueRN, the new company addresses the fragmented market that exists among organizations who communicate orders to service providers and the patients who need them in post-acute care environments. The solutions streamline workflow processes and increase the level of communication that occurs across the continuum of post-acute care.

“The delivery of post-acute care can often be quite challenging,” says Gibran Ameer, Chief Executive Officer of Virtue Technologies. “Technology is a means to un-complicate and simplify business processes – our solutions do just that. This results in a positive impact to operational efficiencies, costs, revenue cycle and ultimately a better patient experience.”

“Virtue Technologies is unique as they have successfully developed innovative technology solutions based on the founders’ deep understanding of the complexities associated with providing care and serving patients in the post-acute care market,” said Theresa Sexton, Partner, Claritas Capital. “We are excited to support the Virtue Technologies team as they provide solutions which promote service excellence, increase productivity, and fills the gaps in an otherwise fragmented marketplace.”

“We are excited and encouraged in the market’s response to Virtue Technologies,” says Gibran Ameer, “moreover, we are very pleased in the confidence that Claritas Capital has placed in us.”

About Virtue Technologies
Virtue Technologies is a provider of cloud-based software committed to solving the challenges of the highly fragmented pharmacy market. The solutions strive to drive out cost and improve a pharmacy’s revenue cycle by improving staff efficiency, removing waste, increasing patient satisfaction, and providing unparalleled visibility to pharmacy operations. In an environment of shrinking reimbursements, growing audit risk, and persistent demand from patients and caregivers, Virtue Technologies provides the solutions the market demands.

About Clarita Capital
Nashville-based Claritas Capital has been making health care investments since its founding in 2002. The Principals’ experience covers three decades of investing in the health care industry. Claritas Capital provides flexible capital solutions to health care, technology, and business services companies, and real estate projects. The firm has made equity investments in over 50 companies that have collectively raised over $6 billion of financing.