Three years after a $26 million capital raise, a Nashville-based health tech startup has new owners.
Stratasan LLC has been purchased by Chicago-based software firm Syntellis Performance Solutions, according to a news release. Terms of the deal were not disclosed.
Founded in 2011, Stratasan provides data analytics software and services to hospitals and other health care entities. The company has 47 local employees, according to Nashville Business Journal research, and reported $7.1 million of revenue in 2020. The company provides services to more than 1,000 hospitals across the U.S.
Syntellis will add Stratasan to its suite of intelligent planning software offerings, with the goal of helping health care organizations determine, where, when and how to grow, according to the release.
“For more than a decade, leading national healthcare organizations have relied on our software and services to provide a clear picture of what's going on in their target markets — so they know where to grow,” Jason Moore, CEO of Stratasan, said in the release. “We look forward to furthering our mission as part of Syntellis and continuing to help hospitals and health care entities across the country better serve their markets and maximize strategic impact.”
The deal comes nearly three years to the day after Stratasan announced a $26 million round of funding, led by Atlanta-based Fulcrum Equity Partners, with participation from former U.S. Sen. Bill Frist’s Frist Cressey Ventures.
