Solarity Receives Strategic Growth Investment From TA Associates

Solarity, a St. Louis, MO-based provider of automated clinical data processing solutions for acute and ambulatory healthcare providers, received a strategic growth investment from TA Associates.

The amount of the deal was not disclosed. Solarity management and existing private equity partner BV Investment Partners will both roll substantial ownership stakes. As part of the transaction, Ethan Liebermann, Managing Director and Co-Head of Healthcare at TA, and Eric Zagorski, Senior Vice President at TA, will join the Solarity Board of Directors.

The company intends to use the funds to accelerate organic growth strategies, bolstering its technology offerings and driving continued innovation in its software capabilities.

Led by CEO Andrew Fehlman, Solarity is a provider of automated clinical data processing solutions, allowing acute and ambulatory healthcare providers to quickly and accurately analyze unstructured clinical data. Its core solution utilizes proprietary technology to intake unstructured clinical data from a wide range of disparate third-party sources, and then validate and standardize that data so that it can be ingested into a healthcare provider’s electronic medical record (“EMR”) system. By automating a mission-critical interoperability workflow, the company increases data accuracy and reduces data processing time, while reducing the manual work required to make clinical information accessible at the point of care. Once integrated into a provider’s data intake workflows, Solarity’s solutions allow physicians to make more timely and informed decisions, resulting in improved patient outcomes and enhanced quality care.

Today, Solarity’s solutions are utilized by more than 500 hospitals and 6,000 physician offices across the country.