HCAP Partners Announces Exit of Chordline Health

Whats Happening:

HCAP Partners, a California-based private equity fund, has successfully exited Chordline Health, a provider of integrated workflow and analytics software for managed care. The company, formerly known as TCS Healthcare Technologies, was acquired by a strategic partner who will continue investing in its ACUITYnxt platform. HCAP's investment transformed Chordline from a family-run business into an institutional platform offering advanced solutions for case management, risk utilization, and predictive analytics.

Key Moves:

• HCAP Partners exits Chordline Health through acquisition by a strategic partner

• HCAP's investment transformed Chordline from a family business to an institutional platform

• HCAP brought in industry veteran Billie Jo Nutter as CEO in 2023

By The Numbers:

• HCAP Partners typically invests $5 million to $35 million in established businesses

• HCAP targets companies with revenues between $10 million and $100 million

• HCAP has invested in over 60 companies since its founding

Key Quotes:

• "We are thrilled to have partnered with Billie Jo Nutter and the Chordline team in executing a transformative thesis," said Hope Mago, Partner at HCAP Partners.

• "Chordline's evolution over the past few years has been remarkable," commented Billie Jo Nutter, CEO of Chordline Health.

Bottom Line:

HCAP Partners' successful exit from Chordline Health demonstrates the fund's ability to transform and scale businesses in the healthcare technology sector. By providing growth capital, executive leadership, and an impact framework, HCAP drove long-term success and value creation, resulting in a strategic acquisition that positions Chordline for continued innovation and impact in healthcare.

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