Cambridge, MA – October 11, 2018 – PointRight, Inc. today announced it has raised $7 million from Accel-KKR, a leading Silicon Valley technology-focused investment firm. PointRight will use the proceeds to drive growth and accelerate development of innovative solutions that improve post-acute facility performance and clinical outcomes.
A health care analytics leader, PointRight focuses on helping long-term and post-acute (LTPAC) providers and payers use credible, current data to improve clinical outcomes, manage risk, and build high-performing networks. The company is known for its deep clinical expertise and its 20+ year history advocating for the use of data to improve post-acute care quality.
“Our clients are on a regulatory-driven path towards new care coordination and payment models” says Steven Scott, CEO and President of PointRight. “We will continue to support them every step of the way with actionable, timely and relevant business intelligence. We believe that Accel-KKR is the right partner to help us continue to accomplish this. They bring a unique partnership approach that will help us deliver our next phase of growth.”
“PointRight has established itself as a leader in the healthcare IT industry for predictive post-acute data and analytics,” said Samantha Shows, Principal and Head of Credit Investing at Accel-KKR. “There is an increasing need for accurate data for actionable decision-making in the healthcare industry and PointRight is well-positioned to capture market share with its leading solution.”
This marks the sixth investment for Accel-KKR’s credit fund.
Accel-KKR is a technology-focused investment firm with over $5 billion in capital commitments. The firm focuses on software and IT-enabled businesses well-positioned for topline and bottom-line growth. At the core of Accel-KKR’s investment strategy is a commitment to developing strong partnerships with the management teams of its portfolio companies and a focus on building value through significant resources available through the Accel-KKR network. Accel-KKR focuses on middle-market companies and provides a broad range of capital solutions including buyout capital, minority-growth investments, and credit alternatives. Accel-KKR also invests across a wide range of transaction types including private company recapitalizations, divisional carve-outs and going-private transactions. Accel-KKR is headquartered in Menlo Park with additional offices in Atlanta and London.
PointRight provides cloud-based analytics that show a 360⁰ view of long-term and post-acute (LTPAC) facility performance and clinical outcomes. Equipped with these insights, LTPAC Provider and Payers can lower rehospitalization rates, improve clinical outcomes, and build and manage high-performing networks. Today PointRight delivers quantifiable value to more than 2,400 skilled nursing facilities, hospital systems, ACOs and REITs across the US. To learn more, visit www.pointright.com.