NCN Leads Funding Round for Recently Consolidated Entities
NASHVILLE, TN (Jan 4, 2018) — Trilliant Health, a Nashville-based healthcare analytics and growth company focused on intelligent patient acquisition for hospitals and healthcare providers, announced today that it has completed a growth capital financing led by Nashville Capital Network (NCN) with participation from management, Martin Ventures, and well-known healthcare information technology investor Jon Phillips, managing director and head of private equity for First Trust Capital Partners, LLC.
Trilliant was formed in June 2017 with the merger of Aegis Health and Clariture Health. The company has since acquired Expression Health Analytics and launched an intelligent healthcare CRM platform called Health IDology. Trilliant is solely focused on making health systems and healthcare providers stronger by increasing profitable market share growth.
The growth capital enables Trilliant to expand its product offerings to existing customers and to target new relationships with additional healthcare systems. Currently, Trilliant provides services and technology to more than 500 hospitals, health systems, and ambulatory surgery centers across the country.
“We believe Trilliant offers a unique set of solutions to help hospitals grow profitable revenue. Between data analytics, direct-to-consumer marketing, and physician and patient optimization, Trilliant is able to provide tailored growth solutions in a rapidly evolving healthcare environment. Many of our investor partners are already customers of Trilliant and plan to expand those relationships,” said Chase Perry, Managing Partner for NCN.
The investor group has a long history with the management team of Trilliant. NCN, its individual investors, and Martin Ventures previously partnered with the management team on several ventures including Care Team Connect, RevPoint, and Shareable.
“This additional capital positions Trilliant to become the leading vendor of revenue growth solutions that equip health systems and healthcare providers to compete in today’s volatile marketplace,” says Hal Andrews, CEO of Trilliant. “We partnered with this investor group because of their deep relationships in the healthcare provider community. This investment allows us to accelerate our product development to deliver additional value to our existing customers and expand our customer roster.”
About Trilliant Health
Trilliant Health is the parent of a group of healthcare technology, data, and marketing companies focused on making hospitals stronger by delivering prescriptions for growth to increase a hospital’s market share through intelligent patient acquisition. By combining best-in-class software applications with a data integration platform that combines clinical, claims, and patient-generated data, Trilliant Health can deliver market-focused and patient-level intelligence to assist hospitals and other health care providers in finding, retaining and assuming risk for patient populations. For more information, please visit trillianthealth.com.
About Nashville Capital Network
Nashville Capital Network (NCN) is a partnership of more than 100 professional investors, most of whom have been founders and executives of highly successful companies. NCN leverages the experience and expertise of the individuals within its partnership to identify, develop, and support promising, high-growth companies. NCN manages several investment funds including NCN Angel Fund I, NCN Angel Fund II, Tennessee Angel Fund, and NCN Partners Fund. For more information on NCN, please visit nashvillecapital.com.
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