|By PR Newswire||
|August 27, 2014 09:24 AM EDT||
CHICAGO and NEW YORK, Aug. 27, 2014 /PRNewswire/ -- Cressey & Company LP ("C&C"), a leading healthcare-focused private investment firm, and Level Equity Management, LLC ("Level Equity"), a leading software-oriented growth equity firm, today announced they have sold Strategic Healthcare Programs, LLC ("SHP" or the "Company") to Roper Industries, Inc. (NYSE: ROP), a diversified technology company.
SHP, headquartered in Santa Barbara, CA, is a leading provider of software and informatics solutions to the post-acute healthcare market. SHP delivers data-driven insight to thousands of post-acute organizations, such as home health, hospice and long term care. SHP's analytics platform uniquely combines Software-as-a-Service (SaaS)-based technology, patient-centered outcome measures, reimbursement and care setting specific rules for performance measurement and improvement.
C&C and Level Equity invested in SHP in December 2012 and successfully partnered with SHP's management team over the past two years to expand the Company's footprint, broaden its technology solution and strengthen its market position.
"SHP is a clear leader in providing clinical and financial business intelligence solutions to the post-acute marketplace," said Bryan Cressey, Partner at C&C. "We are thrilled to have partnered with SHP's CEO, Barbara Rosenblum, and contributed to SHP's success. Given SHP's strong momentum and myriad future expansion opportunities, we believe Roper, with its deep healthcare expertise and resources, is the ideal partner for SHP as it embarks on its next phase of growth."
About Cressey & Company
Based in Chicago, IL and Nashville, TN, Cressey & Company ("C&C") is a private investment firm focused on building leading healthcare provider, service and information technology businesses. With a history spanning nearly 35 years, the C&C team is one of the most experienced and successful in the healthcare private equity field. More information about C&C is available at www.cresseyco.com.
About Level Equity
Based in New York, NY, Level Equity is a growth equity firm focused on providing growth capital to rapidly growing software and internet companies. Principals at Level Equity have invested in nearly 50 technology businesses over the past 15 years. More information about Level Equity is available at www.levelequity.com.
SOURCE Cressey & Company LP
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