Brentwood health care company raises $12 million

By   – Reporter, Nashville Business Journal

Brentwood-based Trilliant Health received a new round of funding Tuesday with the help of some big-name Nashville investors.

The company announced a $12 million raise led by Atlanta-based Noro-Moseley Partners, with contributions from existing Nashville investors Martin Ventures, Nashville Capital Network and NueCura Partners, according to a news release. Terms were not disclosed.

Trilliant, which focuses on health care analytics and patient acquisition, formed when Aegis Health and Clariture Health merged to form the umbrella company. The company is led by former Shareable Ink and RevPoint CEO Hal Andrews.

The funding will be used to continue building Trilliant’s data-science and technology teams and improve its analytics platform, according to the release.

“We are excited to add Noro-Moseley Partners to our already impressive list of investors and partners,” Andrews said in the release. “In an environment of relentless reimbursement cuts, rising expenses and increasing competition, health care providers need strategies to find the most efficient and effective solutions for growth more than ever. Trilliant is that growth partner for health systems and other health care providers. This capital will help us achieve our goals.”

Trilliant, which works with more than 60 health care systems across the nation, raised a previous round of funding from NCN, Martin Ventures and First Trust Capital Partners Managing Director Jon Phillips in January, but did not disclose the amount of capital.

“While the data science may be complex, the strategy isn’t. Hospitals and ambulatory centers need patients. Patients need care. Trilliant helps hospitals and ambulatory centers find, engage and retain patients in need of care,” Martin Ventures Chairman Charlie Martin said in the release.