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.