Martis Capital

Martis Capital has been named a Top 50 PE Firm in the Middle Market for 2021.

Martis is honored to be included among this group of leading PE firms.  This nomination highlights our investment strategy of being a sector specialist and a flexible investment partner to middle-market healthcare companies.  Our team shares a passion for helping build companies that seek to improve quality of care and to address the complex challenges facing the healthcare industry today.

Martis did not pay a fee as part of the selection process.  To read more about the Top 50 PE program and view a detailed list of winning firms, please visit https://toppefirms.com/top-50-pe-firms

Alec Zwaneveld joined Martis Capital as a Business Development Associate in the San Francisco, CA office. Previously, Alec worked at K1 Investment Management, where he sourced and evaluated growth and buyout investment opportunities in enterprise software, with a focus on healthcare IT.

Rachel Hailstone joined Martis Capital as a Business Development Analyst. Previously, Rachel worked at Deloitte as an Executive Coordinator, where she supported partners within the firm while specializing in teaming and schedule coordination.

Alec and Rachel will help grow Martis’ direct sourcing program, focusing on market-leading healthcare businesses.

On December 30, 2020, Martis Capital completed a sale of its position in Epic Systems, a leading EHR Company that develops healthcare management and infrastructure software for healthcare facilities across the U.S. and internationally. Since its inception in 1979, Epic has been renowned as a market pioneer within the EHR landscape. Today, the Company’s 450+ customers touch more than 70% of the U.S. population and more than 3% of the world. Epic was a portfolio company of Martis Capital since 2014.

Washington, DC, and San Francisco, CA

Martis Capital (“Martis”), a healthcare-focused middle market private equity firm, announced yesterday that it completed the sale of Altruista Health, Inc. (“Altruista” or the “Company”), a leading payor care management software platform. Altruista was acquired by HealthEdge Software, Inc. (“HealthEdge”), a portfolio company of the Blackstone Group (“Blackstone”), and the terms of the deal were not disclosed.

Headquartered in Reston, VA, Altruista Health delivers care management and population health management solutions that support value-based and person-centered care models. The Company serves approximately 30 customers and manages more than 16 million member lives.

Since Martis’ original investment in Altruista in December 2015, the Company has continued to grow into a leading provider of care management and population health management solutions through GuidingCare^®, the largest and most widely adopted platform of its kind in the United States. Health plans and healthcare providers use GuidingCare^® to transform their processes, reduce avoidable expenses and improve patient health outcomes. Altruista was named twice as one of the “Top Population Health Management Companies to Know” by Becker’s Healthcare.

Ashish Kachru, Chairman and Chief Executive Officer of Altruista, said “Martis Capital was instrumental in helping us grow and further professionalize our company during our five-year partnership. Together we have successfully diversified our service offering, expanded our client relationships, and meaningfully invested in our corporate infrastructure both in the United States and India.” Mr. Kachru added, “Martis Capital has been an invaluable partner for us during a critical stage of our company’s history and we are now well positioned to capitalize on continued future growth”.

McDermott Will & Emery acted as legal adviser to Martis and Altruista in connection with the transaction.

About Altruista

Founded in 2007, Altruista Health is a leading payor care management platform offering customers a highly configurable set of comprehensive modules delivered as a SaaS solution spanning care management, utilization management, population health, appeals and grievances, medication therapy management, member engagement, and reporting and compliance.

About Martis

Martis Capital is a middle market private equity firm focused exclusively on the healthcare industry. The Martis team manages more than $1.2 billion of equity capital and is currently investing out of its third fund. With offices in San Francisco, CA, and Washington, DC, Martis seeks to invest in middle-market, growth-oriented companies that provide innovative and cost-effective products and services within targeted segments of the North American healthcare industry. For more information visit martiscapital.com.