Columbia Pacific Capital Partners Invests in Panacea Healthcare Solutions; Panacea Acquires Holliday & Associates and First Healthcare Compliance

Pamlico Capital Makes Growth Investment in ClarisHealth

January 9, 2024

Cloud & SaaS

Pamlico Capital has made a growth capital investment in ClarisHealth, the provider of the Pareo enterprise payment integrity platform used by health plans. The funding will be used to scale operations, accelerate product innovation and expand ClarisHealth's market position; ClarisHealth was previously backed by Powered Health and Bengal Health Ventures.

HCAP Partners Forms PAX Health Through Acquisition of Behavioral Medicine Associates, Work Comp Psych Net and Reservoir Health

March 12, 2024

Healthcare Services

HCAP Partners, with co-investment from funds managed by Hamilton Lane, led the acquisition and combination of Behavioral Medicine Associates (BMA), Workers Compensation Psychological Network (WCPN) and Reservoir Health to form PAX Health. The deal creates a scaled behavioral health platform focused on Medicaid, workers' compensation and other underserved patient populations across the Northeastern United States and will support expansion of telehealth and in-person services.

Cressey & Company Partners with Paradigm Health in Recapitalization Backed by Havencrest

May 12, 2025

Healthcare Services

Cressey & Company LP has entered into a partnership and recapitalization with Paradigm Health, a leading hospice and palliative care provider based in Indianapolis. Existing investor Havencrest Capital Management completed a majority exit while reinvesting alongside Paradigm Management and Cressey to support the company's next phase of geographic and service expansion across Indiana.

Panacea Healthcare Solutions (Firmament-backed) Acquires CBIZ KA Consulting Services

September 17, 2024

Healthcare Services

Firmament-backed Panacea Healthcare Solutions has acquired CBIZ KA Consulting Services, LLC (KA Consulting) to expand its eligibility determination, clinical coding & auditing, and revenue integrity capabilities for U.S. hospitals and health systems. The KA Consulting leadership team will be integrated into Panacea, with George Kelley named President of Panacea’s new KA Consulting division to support expanded revenue integrity and compliance offerings.

InTandem Capital and Co-Investors Complete Investment in The Phia Group

December 2, 2025

Healthcare Services

InTandem Capital Partners completed an equity investment in The Phia Group, a Canton, Massachusetts-based leader in healthcare cost containment. HarbourVest Partners and Partners Capital joined as co-investors, while WestView Capital Partners remains a significant existing investor; advisors to the transaction included Houlihan Lokey and TripleTree.

HCAP Partners Invests in Puzzle Healthcare

December 19, 2025

Healthcare Services

HCAP Partners, a California-based private equity firm, has made a growth investment in Puzzle Healthcare to accelerate scaling of its physiatry-led post-acute care coordination platform. The funding will support Puzzle's expansion of services across skilled nursing facilities and extend its national reach while aiming to reduce hospital readmissions and lower care costs.