Healthcare software developer ZeOmega has closed a $21.5m financing round led by US growth equity investor Bregal Sagemount, with participation from ZeOmega’s existing investors BlueCross BlueShield Venture Partners and Sandbox Industries.
As part of the financing, Phil Yates, founding partner at Bregal Sagemount, will join the company’s board of directors.
The financing will fund investments in infrastructure and personnel as ZeOmega prepares for growth in provider driven care-coordination and value-based care, it said.
“Driven by clinical, financial, and regulatory needs, population healthcare management is an increasingly important part of both payer and provider workflows,” said Yates. “We are excited to make a strategic investment in the market leader, ZeOmega, to support its continued growth.”
Bregal Sagemount was launched in June 2012 with $500m in committed capital. The firm has been active in healthcare services and technology historically and has also invested in Recondo Technology and Adreima in 2013.
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