Seattle, WA (PRWEB) December 04, 2013
Clarity Health Services (“Clarity Health”), a rapidly-growing provider of care coordination solutions for medical practices and health systems, today announced it has closed a $6.6 million investment round led by Columbia Pacific Advisors’ Opportunity Fund. The investment follows a period of triple digit year-to-date growth for Clarity Health and will fund additional sales and development activity.
“This has been an extremely momentous year for us as we continue to experience rapid growth across our entire business,” said Bill Bunker, CEO of Clarity Health. “Columbia Pacific Advisors has been an invaluable source of growth capital and strategic direction in the healthcare sector, and we’re excited by their confidence in our prospects for 2014 and beyond.”
Clarity Health will leverage the new funding to further develop key capabilities for specialists and primary care practices. The company will also continue to expand its ability to support Accountable Care Organizations (ACOs) and larger health systems in current and new geographies nationwide. This is the second round of investment from Columbia Pacific Advisors’ Opportunity Fund which provided $3.0 million in capital for the company in 2011.
“Since Clarity Health’s launch in 2007, we have been impressed with the company’s rapid expansion into new markets and its overall growth trajectory,” said Dan Baty of Columbia Pacific Advisors. “We anticipate the company will see sustained demand for its practice management tools among hospital systems, ACOs, and physician practices.”
The investment from Columbia Pacific Advisors’ Opportunity Fund follows Clarity Health’s recent honor as the winner of Seattle Business Magazine’s Tech Impact Award in the Health Category. The company received the award for its Emergency Department (ED) Discharge Notification product, a web-based solution giving healthcare providers real-time information on patients who have visited the hospital’s emergency department. The Tech Impact Awards recognize companies and individuals that develop information technology that significantly improves a company or industry’s business performance or that provides an important public benefit.
About Clarity Health Services
Clarity Health Services (“Clarity Health”) is a leading provider of care coordination solutions for the healthcare industry. Clarity Health enables healthcare providers to more effectively manage care transitions to improve their business performance and the quality of patient care. Clarity Health’s unique approach to care coordination enables healthcare providers to immediately realize the benefits of care coordination without prolonged and expensive investment in proprietary technology solutions. For additional information, visit http://www.clarityhealth.com.
About Columbia Pacific Advisors
Columbia Pacific Advisors, LLC is a registered investment adviser that manages assets in a variety of alternative investment strategies. The firm has deep experience in real estate, public and private equity, distressed debt and special situation lending. Columbia Pacific Advisors, LLC is headquartered in Seattle, Washington. Registration of an Investment Adviser does not imply any level of skill or training.