Centana Growth Partners Acquires Majority Stake in First Connect Insurance Services

Health Connect America Acquires First Home Care and North Star Counseling of Central Florida

February 22, 2023

Healthcare Services

Health Connect America, a Palladium Equity Partners–backed behavioral health platform, completed acquisitions of First Home Care (Richmond, VA) and North Star Counseling of Central Florida (Kissimmee, FL). The add-on deals expand Health Connect's therapeutic foster care and behavioral therapy/case management capabilities and extend its geographic footprint in Virginia and Florida.

Morgan Stanley Capital Partners Invests in US HealthConnect

October 29, 2020

Healthcare Services

Investment funds managed by Morgan Stanley Capital Partners completed an investment in US HealthConnect, partnering with founder-led management while Frank Russomano remains President and CEO. US HealthConnect is a digital medical education and engagement-data platform serving pharmaceutical, biotech, diagnostic, and device companies; the investment is intended to support platform and capability expansion.

TA Associates Makes Growth Investment in Riskonnect; Thoma Bravo Retains Stake

November 10, 2021

Software

TA Associates has agreed to make a growth investment in Riskonnect, the integrated risk management software provider, joining majority investor Thoma Bravo which will continue to hold a significant equity stake. The capital will be used to accelerate Riskonnect's product development, go-to-market programs, and global expansion as the company scales its Integrated Risk Management platform.

Abry Partners and Hoplon Capital Acquire Concentrix Insurance Solutions (rebranded as illumifin)

July 7, 2021

Insurance

Abry Partners and Hoplon Capital completed the acquisition of Concentrix Corporation’s insurance third‑party administration and software platform and rebranded the business as illumifin. The carve‑out establishes an independent insurance administration and software company led by CEO Phil Ratcliff to provide technology‑enabled services to individual and group insurers.

Helios Acquires ConnectaVerse

August 15, 2025

Cloud & SaaS

Helios Global Payments Solutions Inc has acquired ConnectaVerse, a marketplace technology company that provides international expansion and local compliance solutions. The deal integrates ConnectaVerse’s network of vetted local experts and platform capabilities into Helios’ AI-powered HCM and payments platform to accelerate global expansion and product capability growth.

Patriot Growth Insurance Services Adds Alliance & Associates to Platform

June 3, 2021

Insurance

Patriot Growth Insurance Services has partnered with Alliance & Associates, a Jasper, Florida-based multi-line insurance agency with a team of over 150 employees, adding them to the Patriot platform. The deal broadens Patriot's capabilities in individual medical, Medicare and property & casualty markets and expands its presence in the southeastern United States.