Warburg Pincus, Great Hill Partners and Spectrum Equity Invest in Varicent

Warburg Pincus Makes Growth Investment in Quantum Health; Great Hill Partners Retains Stake

November 20, 2020

Healthcare Services

Warburg Pincus has made a significant growth investment in Quantum Health, partnering with existing investor Great Hill Partners (which will retain a significant stake) to accelerate the company's technology platform and service delivery. Quantum Health, a Columbus, Ohio-based healthcare navigation and care coordination provider serving more than 1.7 million plan participants across 400+ employers, will continue to be led with Kara Trott remaining as Chair.

Warburg Pincus and Great Hill Partners Invest in ParetoHealth

June 5, 2023

Financial Services

Warburg Pincus has made a significant growth investment in Pareto Health, joining existing investor Great Hill Partners (which will retain an equal stake) alongside a continuing investment from the company's management team. The capital will be used to accelerate ParetoHealth's growth and expand its employee-benefits platform that helps small and midsized employers self-insure and manage healthcare costs.

Spectrum Equity Leads $156M Investment in VBA

August 21, 2023

Software

Spectrum Equity has invested $156 million to acquire a majority stake in healthcare benefits software company VBA, with existing investor Arthur Ventures participating. The funding will be used to accelerate product development and grow headcount as Spectrum partners with VBA’s management by joining the board.

Warburg Pincus Makes Minority Investment in Softeon

October 17, 2019

Software

Warburg Pincus has made a minority growth investment in Softeon, a Reston, Virginia-based provider of supply chain and warehouse management software. The investment will fund Softeon’s expansion of sales and marketing, geographic presence, and product innovation; financial terms were not disclosed.

Warburg Pincus Makes $170M Growth Investment in Bond Vet

October 11, 2021

Veterinary

Warburg Pincus has made a $170 million growth investment in Bond Vet to support expansion of the tech-enabled veterinary clinic chain and to fund equipment, training, culture and technology improvements. Talisman Capital, Bond Vet's initial capital provider, will continue to support the company as it scales its multi-location urgent care and telehealth veterinary services from its New York base.

Great Hill Partners Acquires VersaPay Corporation

February 21, 2020

Payments & Fintech

Great Hill Partners, a Boston-based private equity firm, completed the acquisition of VersaPay Corporation by way of a statutory plan of arrangement, valuing VersaPay at approximately C$126 million (C$2.70 per share). The deal takes VersaPay private and positions the SaaS accounts-receivable and B2B payments platform to invest in product development and accelerate global expansion under Great Hill's ownership.