The investment will allow AArete to accelerate key growth initiatives, broaden its solution set, and pursue acquisitions. The Company will prioritize continued innovation across service lines, leveraging technology and automation to enhance its value proposition to clients.
“We are very excited to partner with Parthenon Capital as we look to this next chapter in AArete’s evolution,” said Loren Trimble, AArete’s CEO & Managing Director. “We believe Parthenon Capital’s deep health care expertise and experience helping companies drive transformational growth will further strengthen AArete’s position as the strategic partner-of-choice for payers and other verticals. This is an important inflection point in AArete’s nearly two-decade history that will create opportunities for our team as they continue to focus on serving clients with excellence.”
“AArete has established itself as an important partner to a number of the nation’s leading health plans,” said Dan Killeen, a Partner at Parthenon Capital. “As active investors in health care services and technology businesses, we know well the challenges payer organizations face across several dimensions and believe AArete is uniquely equipped to serve as a strategic resource to help address those pain points. We look forward to collaborating with the AArete team in the coming years, building on their success to-date and working together to create the market’s leading payer advisory platform.”
SOURCE: AArete
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