Brighton Park Capital Acquires Majority Stake in Relatient to Accelerate SaaS-Based Patient Engagement Platform Development

VCBeat (WeChat ID: vcbeat) has learned that on November 14, 2019, Brighton Park Capital announced the acquisition of a majority stake in Relatient, along with a significant new equity capital investment in the company. Financial terms of the transaction were not disclosed.

In addition, Eric A. Spiegel, Senior Advisor at Brighton Park and former President and CEO of Siemens USA, will join the Board of Directors of Relatient. Reportedly, Relatient will leverage Brighton Park’s investment to hire additional staff, fund the ongoing development of its patient engagement platform, and accelerate customer growth, thereby enabling Relatient to maintain its leadership position in the field of patient engagement.

Brighton Park, established in 2019, is an investment firm based in Greenwich, Connecticut, USA, dedicated to investing in the software, information services, technical support services, and healthcare sectors. The company invests in businesses that provide highly innovative solutions and collaborates with exceptional management teams to deliver tailored value-added services aligned with the needs of its portfolio companies.

Relatient, founded in 2012 and headquartered in Franklin, Tennessee, USA, is a leading software-as-a-service (SaaS)-based patient engagement company focused on the healthcare sector. It aims to enhance communication between patients and healthcare providers, thereby improving patient satisfaction and healthcare efficiency.

Currently, Relatient has engaged over 25 million patients on behalf of U.S. healthcare providers, medical institutions, hospitals, and health systems, delivering 120 million patient messages annually. The Relatient platform integrates with more than 85 practice management and electronic health record (EHR) databases, maximizing the utilization of patients’ EHR and PM data to focus on their healthy lifestyles and provide health status reports at customized intervals.

Michele Perry, CEO of Relatient, stated, “We are delighted to partner with Brighton Park. They share our belief that Relatient is uniquely positioned to continue transforming patient engagement. With this investment, we will be able to accelerate the execution of our growth strategy and leverage additional resources to create better experiences for our clients and their patients in the healthcare sector.”

Sam Kentor, Head of Brighton Park, stated, “We are delighted to partner with Relatient’s management team. Under their leadership, the company has become a leader in digital outreach and mobile access within the rapidly evolving patient engagement sector. We are excited to invest in this exceptional industry platform and support Relatient in delivering best-in-class services to its customers and partners.”

Eric A. Spiegel stated, “We are excited about Relatient’s growth and its unwavering commitment to providing healthcare institutions with innovative technologies that enhance the patient experience, thereby leading to better treatment outcomes for patients.”

(Compiled by Jiang Ying)