Citra Health Solutions, a Great Point Partners Portfolio Company, Has Been Acquired by Cedar Gate Technologies
June 26, 2020
Citra Health Solutions (“Citra”), a portfolio company of Great Point Partners and the leading tech‐enabled software platform that automates and manages complex capitated arrangements for payers and providers, has been acquired by Cedar Gate Technologies (“Cedar Gate”), a portfolio company of GTCR. Cain Brothers served as Citra’s lead financial advisor in connection with the transaction.
Solving for the needs of providers, payers, health systems and employers in the transition to value-based care, Citra empowers clients with proven technology, population health, analytics, care management, and administrative services to lower the cost and improve the quality of care. Citra currently serves over 100 risk-bearing entities, including many leading health plans, IDNs, IPAs and MSOs that manage commercial, Medicare and Medicaid populations. Customers include Optum, Humana, Alignment Healthcare, Cigna Dignity Health and Oak Street Health.
Cedar Gate Technologies is a leading value-based care performance management company. Cedar Gate provides high-performance analytic, technological and advisory services to providers, payers and self-insured employers to enable them to meet and exceed the performance thresholds of value-based care contracts, networks and programs. Cedar Gate’s systems are helping clients realize value from over $90 billion of medical spend associated with risk-based contracts and programs that affect 3.2 million covered lives.