InfoMC Raises Growth Capital from Accel-KKR to Propel the Company’s Business Expansion and Digital Behavioral Health Platform
Setting the stage for new innovations in 2018
Conshohocken, PA – November 3, 2017 – InfoMC, a leading provider of cloud-based behavioral healthcare management and care coordination software, has announced that it has partnered with Accel-KKR, a leading technology-focused investment firm, to raise growth capital.
InfoMC offers a suite of rules-based workflow, data exchange, and analytics products to managed care organizations (MCOs), state, county and community health centers and programs, health plans, health systems and employee assistance programs. With InfoMC solutions, its customers receive comprehensive, sophisticated functionality that eliminates costly administrative and clinical process inefficiencies while promoting better overall outcomes.
The partnership will enable InfoMC to accelerate its investments in sales, marketing, and product innovation such as digital behavioral health. “For more than 20 years, InfoMC has provided a best-in-class solution to the market,” said JJ Farook, CEO of InfoMC. “We are excited to be partnering with Accel-KKR. This investment will allow us to significantly propel the commercialization and business development activities to serve millions of individuals currently unable to access behavioral healthcare.”
“We look forward to working with InfoMC through this next stage of growth and are excited to see the company execute on their plans for innovation,” said Samantha Shows, Principal and Head of Credit Investing at Accel-KKR.
“InfoMC has all of the qualities we look for in companies, including high recurring revenue, founder-owned, and an experienced management team,” said Rob Palumbo, Managing Director at Accel-KKR.
Accel-KKR is a technology-focused investment firm with $4.3 billion in capital commitments. The firm focuses on software and IT-enabled businesses well-positioned for topline and bottom-line growth. At the core of Accel-KKR’s investment strategy is a commitment to developing strong partnerships with the management teams of its portfolio companies and a focus on building value through significant resources available through the Accel-KKR network. Accel-KKR focuses on middle-market companies and provides a broad range of capital solutions including buyout capital, minority-growth investments, and credit alternatives. Accel-KKR also invests across a wide range of transaction types including private company recapitalizations, divisional carve-outs and going-private transactions. Accel-KKR is headquartered in Menlo Park with additional offices in Atlanta and London. For more information, please visit www.accel-kkr.com.
InfoMC Inc. is a leading provider of cloud-based healthcare management and care coordination software. InfoMC provides healthcare management and care coordination technology to commercial and public sector markets. InfoMC’s comprehensive software system includes robust transaction processing, proactive care management, consumer engagement, advanced analytics, and business intelligence to put the power of knowledge of at your fingertips. Our patient centric and provider integrated approach offers integrated technology solutions that enhance interaction between payors, providers and consumers to improve the quality, cost and value of care.