Arcadia, a Boston, MA-based data analytics platform for healthcare, announced that it raised $125 million in financing to accelerate platform innovation and company growth.
The round was from Vista Credit Partners, the credit-lending arm of Vista Equity Partners and a strategic investor and financing partner focused on the enterprise software, data, and technology markets.
The company plans to use the funds to continue expanding its platform and enhancing its capabilities to support healthcare organizations in improving care delivery, reducing costs, and enhancing patient outcomes.
“Arcadia’s mission is to inform better healthcare decisions by unlocking the power of the vast amount of data that is captured in modern healthcare delivery and operations,” said Michael Meucci, CEO, of Arcadia. “Vista Credit Partners is the preferred partner to help us achieve our goals, providing new financing and access to the broader Vista ecosystem, which holds deep expertise and resources for scaling HealthTech and enterprise software businesses. We look forward to further investing in our platform, our service delivery, and customer relations to solidify our position as the leading data platform for healthcare organizations.”
Arcadia helps providers and health plans deliver actionable insights to advance care and research, drive strategic growth, and ensure financial success.
Company: Arcadia Solutions, LLC
Funding Month: April 2023
Lead Investors: Vista Credit Partners
Company Website: https://arcadia.io/
Software Category: Healthcare Analytics Software
About the Company: Arcadia.io is a healthcare data and analytics company that offers a platform to improve clinical quality measures, patient risk stratification, and population health management. The company's platform integrates data from different electronic health record systems, claims, and other sources to provide a comprehensive view of patient care across different care settings. Arcadia is dedicated to happier, healthier days for all. They transform data into powerful insights that deliver results. Arcadia helps payers and providers deliver better care and create greater outcomes through data analytics.