HEALTHCARE TECH LEADER ‘PERSIVIA’ COMPLETES MAJOR RECAPITALIZATION OF $107M

Massachusetts Firm Partners with Private Equity to Transform Digital Health Space

For Immediate Release - April 29, 2025

MARLBOROUGH, MA - In a significant development for the healthcare technology sector, Persivia has completed a $107 million financing agreement with Aldrich Capital Partners. The deal, finalized last week, marks one of the largest healthcare technology investments in New England this year.

The Massachusetts-based company will use the capital infusion to pursue an aggressive expansion strategy, with particular focus on reaching new markets across the United States. Company executives have indicated plans to double their current sales workforce by early 2026.

EXECUTIVE PERSPECTIVES

When asked about the strategic implications of the deal, Persivia's leadership emphasized the transformative potential:

“This partnership is about more than just capital”, said Dr. Mansoor Khan, CEO of Persivia. “It's about launching a national growth strategy and making our platform the first choice for every healthcare organization that wants clean, actionable data and AI-driven tools to support value-based care.”

The company's operational leader shared insights on team performance that attracted investor interest:

“The Persivia team has done an incredible job of leveraging AI to build an industry-leading Digital Health Platform”, said Dr. Fauzia Khan, COO of Persivia. “Starting from product management through engineering, support, and account management, each team has gone way beyond the call of duty to deliver excellence. Aldrich's due diligence showed tremendous client satisfaction as demonstrated by an industry-leading NPS score of 83.”

INVESTOR CONFIDENCE

From the investment side, Aldrich Capital sees significant growth potential through both organic expansion and strategic acquisitions:

“We're excited to partner with a team that's already changing how healthcare operates”, said Mirza Baig, Managing Partner at Aldrich Capital Partners. “Our goal is to help Persivia scale faster through targeted acquisitions and partnerships that enhance its capabilities and market presence.”

EARLY BACKER VALIDATION

Ron Zwanziger, who founded Alere Inc. and Electra DX before backing Persivia, expressed satisfaction with the company's trajectory:

“It gives me tremendous satisfaction to see the Connected Health vision we had to improve outcomes years ago come to fruition in Persivia”, said Zwanziger. “When you have such a great team, it doesn't take hundreds of millions of dollars to lead the industry.”

TRANSACTION DETAILS

Financial advisory services for the transaction were provided by Covington Associates. Managing Director Tom Cibotti commented on the partnership:

“It was a pleasure to work with Persivia and Aldrich Capital Partners on this transaction”, said Cibotti. “We believe their combination will drive continued innovation that enhances clinical and operational outcomes for their clients. We look forward to watching the Company grow in this exciting next chapter.”

COMPANY PROFILES

PERSIVIA currently serves more than 200 hospitals and over 12,000 clinicians with its healthcare data platform. The company specializes in creating unified healthcare information systems that improve clinical decision-making and operational efficiency.

Learn more by visiting www.persivia.com.

ALDRICH CAPITAL PARTNERS focuses on growth investments in technology and healthcare companies. The firm typically invests in companies with established market presence that are ready for accelerated expansion.

Click over to www.aldrichcap.com for full details.

The Link Between Population Health and Value-Based Care Strategies

Healthcare organizations often treat population health and Value-Based Care as separate initiatives, making parallel teams, technologies, and workflows. This fragmented approach creates unnecessary complexity while limiting the effectiveness of both efforts. Smart organizations recognize these concepts as two sides of the same coin, each reinforcing and amplifying the other.

When Disconnected Strategies Fail

Organizations attempting to separate these functions typically encounter predictable problems:

• Care managers lack a financial context for intervention decisions
• Quality teams focus on measures without addressing underlying health drivers
• Financial teams pursue cost reduction without considering clinical implications
• Providers receive conflicting guidance from different departments

These disconnects frustrate clinicians while limiting progress on both clinical and financial goals.

Unified Approaches Deliver Real Results

A comprehensive Value-Based Care Solution integrates population health and payment models through:

• Identifying high-opportunity patient cohorts through both clinical and financial lenses
• Aligning intervention strategies with specific contract requirements
• Providing unified workflows that address both health improvement and contract performance
• Measuring success through both clinical outcomes and financial metrics

Organizations implementing this unified approach typically achieve 15-20% better results on key performance indicators than those maintaining separate programs.

Core Elements of Integration

Effective integration requires focusing on several critical components:

• Risk Stratification: Shows the evolution from solely clinical-based risk assessment to a more comprehensive approach that incorporates financial and social determinants of health.
• Care Planning: Highlights the shift from standardized condition-based protocols to personalized planning that considers both patient-specific needs and contract requirements.
• Provider Engagement: Illustrates how fragmented quality and cost initiatives can be unified into a cohesive approach that addresses both quality improvement and efficiency simultaneously.
• Technology: Emphasizes the transition from disconnected clinical and financial systems to a unified Value-Based Care Platform that integrates all necessary data.

Breaking Down Silos For Success

Healthcare organizations achieve the best results when they:

1. Establish unified leadership across population health and value initiatives
2. Create integrated care teams focused on both health outcomes and contract performance
3. Implement technology that connects clinical and financial data seamlessly
4. Align provider incentives with both clinical and financial goals

This approach transforms what often feels like competing priorities into complementary efforts.

Real Impact Beyond Cost Savings

A unified Value-Based Care Program delivers benefits beyond the bottom line:

• Better patient experience scores
• Improved provider satisfaction and retention
• Higher quality ratings and public perception
• Stronger negotiating position with payers

Organizations tracking these broader metrics find that integration creates value across multiple dimensions.

Tools That Enable Integration

Persivia offers a comprehensive solutions that bridge population health and value-based care through integrated workflows, unified data, and aligned analytics. Our platform helps healthcare organizations identify opportunities, implement interventions, and measure results across both clinical and financial dimensions. With Persivia, organizations achieve superior performance in value-based contracts while improving the health of the populations they serve.

Persivia Secures $107M Recapitalization to Fuel National Expansion

MARLBOROUGH, MA - April 29, 2025 - Persivia has completed a $107 million recapitalization with Aldrich Capital Partners, marking a pivotal moment for the Massachusetts-based AI healthcare technology company.

The investment will power Persivia's ambitious growth plans, including significant sales force expansion over the next 12 months and development of new AI solutions aimed at transforming healthcare operations nationwide.

“This partnership is about more than just capital”, said Dr. Mansoor Khan, CEO of Persivia. “It's about launching a national growth strategy and making our platform the first choice for every healthcare organization that wants clean, actionable data and AI-driven tools to support value-based care”.

Persivia's platform unifies clinical, claims, social, and operational healthcare data, providing real-time insights that help organizations improve performance while managing costs.

Dr. Fauzia Khan, COO, added, “The Persivia team has done an incredible job of leveraging AI to build an industry-leading Digital Health Platform. Starting from product management through engineering, support, and account management, each team has gone way beyond the call of duty to deliver excellence. Aldrich's due diligence showed tremendous client satisfaction as demonstrated by an industry-leading NPS score of 83.”

The recapitalization illustrates a strategic collaboration between Persivia and Aldrich Capital Partners, a growth equity firm specializing in healthcare and tech investments.

“We're excited to partner with a team that's already changing how healthcare operates. Our goal is to help Persivia scale faster through targeted acquisitions and partnerships that enhance its capabilities and market presence”, said Mirza Baig, Managing Partner at Aldrich Capital Partners.

Ron Zwanziger, founder of Alere Inc. and Electra DX and a major investor in Persivia, commented: “It gives me tremendous satisfaction to see the Connected Health vision we had to improve outcomes years ago come to fruition in Persivia. When you have such a great team, it doesn't take hundreds of millions of dollars to lead the industry.”

Covington Associates served as the exclusive financial advisor to Persivia. Tom Cibotti, Managing Director at Covington Associates, said, “It was a pleasure to work with Persivia and Aldrich Capital Partners on this transaction. We believe their combination will drive continued innovation that enhances clinical and operational outcomes for their clients. We look forward to watching the Company grow in this exciting next chapter.”

About Persivia

Persivia creates intelligent AI systems that transform healthcare operations. The company's platform unifies various healthcare data streams into actionable insights. This enables organizations to improve value-based care delivery, optimize risk management, enhance quality metrics, and efficiently control costs and resource utilization.

Presently supporting 200+ hospitals and 12,000+ clinicians across the country, Persivia is positioned to lead healthcare's digital shift through this new alliance.

See what they’re all about at www.persivia.com.

About Aldrich Capital Partners

Aldrich Capital Partners invests in technology-driven companies exhibiting strong leadership and market momentum. The firm combines capital investment with hands-on operational support to help portfolio organizations achieve their full growth potential. 

Learn more at www.aldrichcap.com.

Tech-Enabled Care Management for Better Patient Engagement

Healthcare organizations invest millions in clinical systems, yet still struggle with patient engagement. Effective Care Management creates meaningful connections between patients and care teams during those critical periods between office visits. Many providers rely on outdated processes and sporadic phone calls that fail to meet modern patient expectations.

Engagement Crisis in Healthcare

Patient disengagement creates serious problems:

• Treatment plans are abandoned after hospital discharge
• Medication adherence rates falling below 50% for chronic conditions
• Preventable complications discovered only during emergency visits
• Health questions accumulating until reaching crisis points
• Vital clinical data never reaching provider records

The gap between clinical visits represents the most significant blind spot in healthcare delivery today.

Technology Transforms Care Management

Modern Care Management Solution extend clinical relationships beyond facility walls:

Real-Time Patient Monitoring

Traditional approaches relied on scheduled check-ins regardless of patient status. Today's CM platforms incorporate remote monitoring tools that detect concerning patterns as they emerge. This continuous data stream enables clinicians to prioritize outreach based on actual needs rather than calendar dates.

Two-Way Communication Channels

Patients need ways to ask questions without scheduling formal appointments. Secure messaging through the Care Management Program creates accessible communication pathways for addressing concerns promptly. These digital channels maintain clinical relationships while reducing unnecessary office visits.

Digital Care Plans

Paper plans often end up lost or forgotten. Interactive digital care plans deliver reminders, educational resources, and progress tracking directly to patient smartphones. This accessibility transforms static instructions into dynamic guides for daily health decisions.

Measuring Engagement Success

Organizations implementing tech-enabled Care Management programs typically achieve:

• Higher care plan adherence rates
• Significant reduction in missed appointments
• Measurable increases in patient activation scores
• Earlier identification of complications
• More accurate between-visit assessments

These improvements drive both clinical outcomes and financial performance under value-based payment models.

Building Sustainable Patient Relationships

Forward-looking organizations create Care Management approaches that:

• Connect through patients' preferred communication channels
• Adjust engagement strategies based on technical comfort levels
• Convert passive recipients into active participants
• Generate actionable insights from patient-reported data
• Maintain consistent support across care transitions

Effective engagement recognizes individual preferences while providing reliable guidance throughout the entire care journey.

About Persivia CareSpace®

Persivia offers a comprehensive Care Management Platform called CareSpace® that combines patient engagement tools with clinical workflows. Our solution helps organizations maintain meaningful connections between visits while generating actionable insights from patient-reported data. With Persivia, healthcare providers transform episodic encounters into continuous healing relationships. Explore more here. 

Population Healthcare Analytics: Driving Insights Across Patient Cohorts

Most healthcare systems today struggle with a familiar problem: they have mountains of patient data but limited ability to use it effectively. A good Population Healthcare Analytics system helps organizations cut through the noise to find meaningful patterns and opportunities within their patient populations.

When Data Abundance Creates Decision Paralysis

Many healthcare leaders face common challenges with analytics:

• Too many reports but too few insights
• Data that arrives too late to influence decisions
• Difficulty connecting financial outcomes to clinical actions
• Inability to identify which interventions actually work

These issues leave organizations data-rich but insight-poor, limiting their ability to improve outcomes and control costs.

Smart Analytics Enable Smart Decisions

Advanced Population Healthcare Analytics capabilities solve these problems through:

• Predictive Risk Models: Identifying high-risk patients before conditions worsen
• Intervention Tracking: Connecting specific actions to outcome changes
• Cohort Analysis: Comparing similar patient groups to find effective approaches
• Resource Optimization: Allocating staff and services where they create the most value

These tools enable teams to move from reactive management to proactive care planning.

Beyond Clinical Data

The most comprehensive population healthcare analytics solution incorporates multiple data types:

1. Clinical information from medical records
2. Claims data showing utilization patterns
3. Social determinants affecting health outcomes
4. Patient-reported measures and experiences

Organizations that integrate these diverse data sources gain a fuller understanding of patient needs and intervention effectiveness.

Finding Hidden Cost Drivers

Effective Cost/Utilization Analytics uncover patterns invisible to traditional reporting:

• Variation in practice patterns among similar providers
• Unexpected utilization spikes in specific populations
• Network leakage patterns driving avoidable costs
• Medication adherence issues impacting readmissions

These insights allow targeted interventions that improve both clinical outcomes and financial performance.

Implementation Approaches That Work

Healthcare organizations achieve the best analytics results when they:

• Start with specific business questions rather than available data
• Involve clinical and operational stakeholders in analytics design
• Focus on actionable insights rather than comprehensive reporting
• Create feedback loops that link analytics to outcomes

Following these principles helps organizations avoid "analysis paralysis" while driving meaningful improvement.

Turning Insights Into Results

The ultimate value of analytics lies not in the insights themselves but in the actions they enable. Successful organizations create clear paths from analytics to intervention, with accountability for implementing changes based on data insights.

Accelerate Your Analytics Journey

Persivia offers comprehensive Population Healthcare Analytics designed to transform data into action. Our platform integrates clinical, claims, and social information to provide a complete view of patient populations. With intuitive visualization tools and actionable recommendations, Persivia helps healthcare organizations improve outcomes while optimizing resource utilization across the care continuum.