TA Associates announced the completion of a strategic growth investment in Vee Healthtek, a prominent provider of technology-enabled solutions and services for healthcare organizations. This partnership enables Vee Healthtek to utilize TA’s global resources and extensive experience in the healthcare sector.
As a trusted strategic partner to health systems, hospitals, physician groups, and payers, Vee Healthtek offers a range of solutions that enhance efficiency and promote substantial customer growth. And the company’s end-to-end offerings combine proprietary technology with deep industry expertise to deliver tangible financial outcomes for its clients. Vee Healthtek’s comprehensive suite of services includes revenue cycle management, health information management, business intelligence and analytics, risk adjustment, and claims management.
Goodwin Proctor and Pioneer Legal served as legal advisors to TA on the deal. Avendus Capital served as the financial advisor, and Shardul Amarchand Mangaldas and K&L Gates served as legal advisors to Vee Healthtek.
The financial terms of the transaction were not disclosed. And the deal has received all relevant regulatory approvals.
KEY QUOTES:
“With TA, we’ve found the right partner to help us sustain our industry-leading growth and increase our service offerings and market presence. TA will play a crucial role in the Company’s expansion, both organically and through strategic acquisitions. I look forward to working closely with TA’s team to take Vee Healthtek’s impact on clients to the next level.”
— Chocko Valliappa, Founder and Chairman of Vee Healthtek
“TA brings rich experience in the healthcare services and technology domain that we are thrilled to leverage for our clients. This investment underscores Vee Healthtek’s commitment to delivering high-impact results that significantly contribute to our clients’ success. Alongside TA, we look forward to developing and enhancing our tailored solutions that increase reimbursement, maximize efficiency, and drive productivity for healthcare organizations.”
— Matt Michaels, CEO of Vee Healthtek
“Vee Healthtek has experienced rapid growth as the demand for secure, global, high-quality partners in revenue cycle management and adjacent services continues to accelerate. We are excited to work with Chocko, Matt and the entire team at Vee Healthtek to build and expand new-age solutions that transform operational efficiency for providers and payers.”
— Aditya Sharma, Managing Director at TA
“We have followed Vee Healthtek for many years and have been impressed by the Company’s high-quality customer base, which includes some of the largest health systems in the US, along with their deep domain knowledge and technology-centric approach to delivering the best outcomes for customers.”
— Dhiraj Poddar, Managing Director at TA
