Harmony Healthcare IT (HHIT), a leading provider of health data management and platform solutions, has announced a significant investment from Novacap, a premier private equity firm in North America. This collaboration is set to expedite HHIT’s technological advancements and its expansion within the health information technology sector.
Renowned for its pioneering solutions and industry expertise, HHIT is the developer of HealthData Platform™. This enterprise-wide, cloud-hosted infrastructure secures patient, employee, and business records for healthcare delivery organizations in the United States and Canada. The HITRUST CSF®-certified solution empowers healthcare providers to reduce costs and risks associated with legacy system management through secure storage, release, and interoperability of records.
Tom Liddell, CEO at HHIT, expressed, “This partnership strengthens our ability to safeguard critical information and enhance lives. With Novacap, we will invest in technologies to improve the patient experience by incorporating artificial intelligence into our data handling and modeling, as well as expanding the use cases of legacy data for research and analytics.”
The HealthData Platform™ facilitates higher quality coordinated care and information access for healthcare organizations and patients by seamlessly integrating with leading inpatient and outpatient electronic health record (EHR) systems. HHIT also offers services such as data extraction, migration, retention, matching, integration, and records release.
David Brassard, Partner at Novacap, commented, “Harmony Healthcare IT stands out in the healthcare IT sector with its deep technical and health data expertise, along with a strong track record of high customer satisfaction. Under CEO Tom Liddell’s leadership, Harmony will continue to meet the evolving data demands of healthcare through its people and next-generation technology.”
In partnership, HHIT and Novacap are actively exploring innovative data handling and usage strategies to accelerate the company’s growth and expand its global impact on healthcare. HHIT currently serves a diverse customer base, including top-tier health systems, independent hospitals, and ambulatory networks, showcasing proficiency in working with a wide array of clinical, financial, and administrative legacy systems.
Triple Tree, Inc. served as HHIT’s exclusive financial advisor in this transaction.
About Harmony Healthcare IT:
Since 2006, Harmony Healthcare IT has been extracting clinical, financial, and administrative data from various healthcare applications, both ambulatory and acute. Headquartered in South Bend, Indiana, the company’s mission is to preserve vital information to strengthen healthcare and improve lives. Harmony Healthcare IT employs experts in data extraction, migration, retention, interoperability, and analytics to provide clients with trusted solutions. With its product, HealthData Platform™, Harmony Healthcare IT offers healthcare delivery organizations easy access to historical records.
For more information, visit www.harmonyhit.com
About Novacap:
Founded in 1981, Novacap is a leading North American private equity firm with over C$8B of AUM. The firm has invested in more than 100 platform companies and completed over 150 add-on acquisitions. Employing a sector-focused approach since 2007 in Industries, TMT, Financial Services, and Digital Infrastructure, Novacap’s deep domain expertise accelerates company growth and creates long-term value. With experienced, dedicated investment and operations teams, as well as substantial capital, Novacap has the resources and knowledge to build world-class businesses. The firm has offices in Montreal, Toronto, and New York.
For more information, visit www.novacap.ca
