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