PR Newswire
SAN FRANCISCO, April 19, 2016
SAN FRANCISCO, April 19, 2016 /PRNewswire/ -- Genstar Capital, a leading middle-market private equity firm focused on investments in targeted segments of the healthcare, software, financial services, and industrial technology industries, today announced that it has completed the previously announced sale of Netsmart Technologies, Inc. to a newly-created joint venture between GI Partners and Allscripts Healthcare Solutions, Inc. (NASDAQ: MDRX).
Mark Hanson, Lead Director at Netsmart and an Operating Partner for Genstar, said, "We would like to thank Mike Valentine, Netsmart's CEO, and his management team for creating significant value for the Company's customers, investors and employees over the past six years. Tripling the size of the business, significantly enhancing the products and increasing customer satisfaction has led to this successful outcome."
The company provides software solutions that support integrated, coordinated delivery of health services across the spectrum of care. Netsmart clients include 500,000 users in 24,000 organizations across all 50 states.
About Genstar Capital
Genstar Capital (www.gencap.com) is a leading private equity firm that has been actively investing in high quality companies for more than 20 years. Based in San Francisco, Genstar works in partnership with its management teams and its network of operating executives and strategic advisors to transform its portfolio companies into industry-leading businesses. Genstar manages funds with total capital commitments of over $5 billion and targets investments focused on selected sectors within the healthcare, software, financial services, and industrial technology industries.
Contact: Chris Tofalli
Chris Tofalli Public Relations
914-834-4334
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SOURCE Genstar Capital
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