Exited Investment
Netalytics
Prairie Capital Fund VI
| Location | Greer, SC |
| Transaction Type | Growth Buyout with Founder and Management |
| Investment Date | February 2020 |
| Exit Date | October 2023 |
| Buyer | Netsmart Technologies |
| Business | Provider of electronic medical records and practice management solutions for opioid use disorder treatment providers |
| Industry | Healthcare, Technology |
Investment Rationale
- Partnership with founders and management team
- Supportive macro trends and industry tailwinds
- Purpose-built solution with market-leading functionality, customer support and overall share
- Strong recurring revenue with high renewal rates
Value Add
- Human Capital
- Sales & Marketing
- Technology
- New Products
- Add-on Acquisitions
TEAM:
During our process, we had several offers that were virtually identical economically. We chose Prairie because we felt that they shared our vision for the business and would be a true partner to us. From the very beginning of our partnership in February 2020, the Prairie team has proven that they were the correct choice. Their expertise compliments our knowledge gaps. They respect our insight into the company we have built over the last 25 years. We feel strongly that the Prairie team will continue to provide new opportunities for our company to continue to grow with mutual respect, enthusiasm and thoughtful insight.