Arcadia – a leading data analytics platform for healthcare – announced $125 million in financing from Vista Credit Partners, which is the credit-lending arm of Vista Equity Partners and a strategic investor and financing partner focused on the enterprise software market. This investment will accelerate Arcadia’s platform innovation and go-to-market strategy to meet the growing demand from leading healthcare organizations for aggregating and analyzing data from across disparate systems for business efficiencies and improved patient care.
The company also helps providers and health plans deliver actionable insights to advance care and research, drive strategic growth, and ensure financial success. And the past year included several important milestones for Arcadia, including:
1.) Inclusion on Inc. 5000’s 2022 Fastest Growing Private Companies list – which reflected 99% revenue growth over 3 years
2.) Achieving 35%+ annual recurring revenue (ARR) growth in 2022 by continuing to build and expand relationships with the top payers and providers in the U.S.
3.) Growing total active unique users of the Arcadia Analytics platform by 50% in 9 months
4.) Saving customers over $1.3 billion through Arcadia’s Medicare Shared Savings Program (MSSP) service.
KEY QUOTES:
“Arcadia’s mission is to inform better healthcare decisions by unlocking the power of the vast amount of data that is captured in modern healthcare delivery and operations. Vista Credit Partners is the preferred partner to help us achieve our goals, providing new financing and access to the broader Vista ecosystem which holds deep expertise and resources for scaling HealthTech and enterprise software businesses. We look forward to further investing in our platform, our service delivery, and customer relations to solidify our position as the leading data platform for healthcare organizations.”
– Michael Meucci, CEO, Arcadia
“Vista Credit Partners invests in innovative software businesses with established market leadership, providing non-dilutive credit solutions and counsel to help them achieve their next phase of growth. Arcadia is an exciting investment as its platform serves as a mission-critical tool for blue-chip national health systems, hospitals, and health plans, helping them drive ROI by delivering actionable intelligence that enables strategic growth and financial success in pursuit of better health outcomes. We’re thrilled to partner with Michael and the entire Arcadia team and support the Company’s continued growth and success.”
– David Flannery, President, Vista Credit Partners
