Nashville health-tech firms continue to rack up huge investments in 2021, and the latest comes with a deal to buy an Atlanta company.
Franklin-based Relatient Inc. has agreed to purchase patient scheduling firm Radix Health, according to a news release. Terms of the deal were not disclosed.
In addition to the deal, Relatient has raised a $100 million round of funding from existing investor Greenwich, Connecticut-based Brighton Park Capital, according to the release, which became Relatient’s majority owner in 2019.
Middle Tennessee health care startups have been awash in cash this year, with several high-dollar rounds of funding hitting Nashville-area firms’ bank accounts. In June, data analytics company Xsolis (stylized XSOLIS) secured a $75 million investment, also from Brighton Park Capital. That was preceded weeks earlier by a $160 million capital raise by Monogram Health, which was led by private equity firm TPG Capital.
Brighton Park’s investment in Relatient would have been the third-largest capital raise in Middle Tennessee in 2020, according to Nashville Business Journal research, behind solar energy firm Silicon Ranch and Quincy Health. The investment would have taken the crown for the largest raise in the region during 2019, beating out Silicon Ranch by $40 million.
