Ropes & Gray advised Cressey & Company in the deal, while Nelson Mullins Riley & Scarborough advised Trella.
Trella Health, a leading source of healthcare growth insights and performance analytics data, closed a significant funding round. Terms of the transaction were not disclosed.
The investment was led by Cressey & Company LP, a private investment firm focused on building leading healthcare services and technology businesses, with participation from the company’s current lead investor, Panoramic Ventures (previously BIP Capital).
Backed by two investors with more than $2 billion in capital, Trella is a platform investment for Cressey and Panoramic. With this significant cash infusion, Trella is looking to make waves toward delivering on its mission to empower meaningful change in healthcare through performance transparency.
Trella Health provides actionable market intelligence to DCEs, ACOs, healthcare networks, and post-acute care providers of all sizes.
Cressey & Company, based in Chicago, Illinois and Nashville, Tennessee, is a private investment firm focused on building leading healthcare services and information technology businesses.
Panoramic Ventures is a venture capital firm based in Atlanta that takes a “wider-view” approach to investing by targeting the Southeast and Midwest and placing a focus on diverse founders and university startups.
Brentwood Capital Advisors LLC served as financial advisor to Trella during the funding round.
The Ropes & Gray team that advised Cressey & Company was led by private equity partner Timothy Castelli (Picture; Chicago), and included private equity partner Neill Jakobe (Chicago), tax partner Aaron Harsh (Boston), labor, employment & benefits partner Jennifer Cormier (Boston), health care partner Christina Bergeron (Boston), IP transactions partner Regina Sam Penti (Boston) and private equity associate Raxit Shah (Chicago).
Involved fees earner: Christina Bergeron – Ropes & Gray; Timothy Castelli – Ropes & Gray; Jennifer Cormier – Ropes & Gray; Aaron Harsh – Ropes & Gray; Neill Jakobe – Ropes & Gray; Regina Sam Penti – Ropes & Gray; Raxit Shah – Ropes & Gray;
Law Firms: Ropes & Gray;
Clients: Cressey & Company, LP;