Valant Teams Up with New Financial Partner to Accelerate Growth
April 12, 2019
SEATTLE, WA – Valant Medical Solutions, Inc. (“Valant”), a leading provider of behavioral health software for private practices, is pleased to announce a financial partnership with Gemspring, a middle-market private equity firm.
Valant is a leading provider of electronic health record (EHR) and practice management solutions for behavioral health practitioners. Valant’s software-as-a-service platform, designed by co-founder and CEO, David Lischner, MD, to meet the needs of mental health professionals, provides its large user base of over 12,000 behavioral health professionals with robust clinical outcomes capabilities, and the ability to efficiently schedule, document, and bill patients from one seamlessly integrated platform.
In Q1 2019, prior to Gemspring’s investment, Valant’s Board of Directors made the strategic decision to exclusively focus resources and efforts into the private practice market and business, under David Lischner’s leadership, and discontinue its Platform product that was built for the community mental health market. Gemspring’s investment enables Valant’s accelerated growth in this market, through enhanced sales and marketing, and reinvigorated development of innovative solutions for private practice practitioners, including a new release of its EHR planned for later this year.
Aron Grossman, Principal at Gemspring, stated: “As a leader in the behavioral health software market, Valant has developed a highly regarded solution that has empowered mental health professionals to more effectively manage their practices and deliver higher quality patient care. We are excited to partner with David and the entire Valant team to build upon this foundation in the next stage of the Company’s growth.”
David added: “Partnering with Gemspring gives Valant an exciting opportunity to expand our leadership position in the private practice market, and through continued product innovation, provide better business and clinical outcomes for our customers.”
About Valant Medical Solutions, Inc.
Valant is a software-as-a-service organization serving the needs of the behavioral healthcare industry. Valant’s disruptive technology solutions combine deep domain and technical expertise to improve behavioral healthcare quality by reinventing how electronic healthcare record (EHR) systems serve mental health providers and their patients. Valant is headquartered in Seattle, WA. For more information, visit https://valant.com/.
About Gemspring Capital
Gemspring Capital, a Westport, Connecticut-based private equity firm with $355 million of equity capital under management, focuses on making control and structured equity investments in lower middle market companies headquartered in the United States and Canada. Gemspring partners with talented management teams and takes a hands-on approach to driving revenue growth and value creation. Target companies have up to $350 million in revenue and are in the software, business services, healthcare services, financial services, industrial services, or specialty manufacturing sectors. For more information, visit www.gemspring.com.