Dallas-based investors EXA Capital has acquired New Paltz, New York-based PrecisionCare, a provider of an SaaS platform specializing in electronic health records (EHR) and care management solutions for the behavioral health and long-term care industries.
Terms of the deal were not disclosed. EXA describes itself as “investors, partners, business builders—creating value through a long-term partnership.”
“PrecisionCare’s best-in-class platform and commitment to serving healthcare providers align perfectly with our vision for the future growth of our companies,” Omer Sajid, founder and CEO of EXA Capital, said in a statement. “We’re thrilled to welcome PrecisionCare into our portfolio and look forward to working alongside Christine Casillo and the talented PrecisionCare team. Together, we’ll drive innovation, expand market reach, and build upon the strong foundation they’ve established.”
[Graphics: PrecisionCare and EXA Capital]
PrecisionCare has deep domain expertise and innovative technology that empowers providers with the tools necessary to enhance operational efficiency and deliver high-quality patient care, the company said. No financial details were disclosed.
EXA Capital said the acquisition strengthens its presence in the healthcare technology sector and expands its portfolio into the critical space of care management solutions.
“Joining EXA Capital marks an exciting new chapter for PrecisionCare,” said Christine Casillo, president of PrecisionCare. “Our team has worked tirelessly to develop solutions that streamline care management and improve patient outcomes. With EXA Capital’s expertise and long-term investment approach, we will have the opportunity to accelerate our growth, enhance our product offerings, and continue to deliver exceptional value to our clients.”
The existing management team at PrecisionCare will continue to operate independently while leveraging EXA Capital’s strategic resources and operational expertise to scale its impact in the healthcare technology industry.
Founded in 2020, EXA Capital said it focuses on a buy-and-hold strategy for enterprise software companies.
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