HCAP Partners Makes Growth Investment in Aarista LLC

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.

HCAP Partners Invests in Apprio

January 16, 2024

Healthcare Services

HCAP Partners, a California-based private equity firm, has made a strategic investment in Apprio to support the company's growth and product expansion. The capital will be used to scale Apprio's patient enrollment platform EnrollmentMax and its RPA platform RpaMax to help hospitals and health systems increase revenue, reduce costs, and improve access to care.

HCAP Partners Invests in FleetNurse

May 10, 2022

Healthcare Services

HCAP Partners, a California-based private equity firm, made a growth investment in FleetNurse to support the company's rapid expansion in on-demand nurse staffing and to enhance its technology platform. The investment (terms not disclosed) includes HCAP Principal Nicolas Lopez joining FleetNurse's board to help accelerate market growth and product development.

HCAP Partners Exits Arosa

May 20, 2025

Healthcare Services

HCAP Partners announced a successful exit from Arosa, the integrated care management and in‑home care provider; terms and the buyer were not disclosed. During HCAP’s investment (in partnership with Bain Capital Double Impact), Arosa expanded to 38 offices across 13 states, nearly doubled its employee base, and scaled its care management model for older adults.

Capital Constellation Acquires Minority Stake in Avista Capital Partners

January 12, 2021

Financial Services

Capital Constellation, a group of institutional investors managed by Wafra Inc., acquired a minority ownership interest in New York-based private equity firm Avista Capital Partners. The strategic investment provides Avista with growth capital to expand its healthcare-focused investment platform and increase commitments to its funds; Houlihan Lokey and Kirkland & Ellis served as advisors on the transaction.

HCAP Partners Invests in Myndshft

August 10, 2021

Healthcare Services

HCAP Partners, a California-based private equity firm, announced an investment in Myndshft to support the company's growth and further development of its real-time medical benefits check and electronic prior authorization platform. Terms were not disclosed; the funding will be used for market expansion, product development, and headcount growth.