Trella Health, a premier provider of healthcare expansion analytics and advanced analytic data, revealed today that it has raised a large amount of money. Cressey & Company LP, a private investment company committed to increasing outstanding healthcare technology and services firms, lead the financing, with Panoramic Ventures, the company’s current lead investor, also participating (previously BIP Capital). Trella will be able to use the funds to continue developing its data capabilities and products to help a variety of healthcare providers shift to value-based care.
Trella is a platform investment for Cressey and Panoramic, and it is backed by two investors with more than $2 billion in money. Trella is hoping to create waves with this substantial funding injection by delivering on its aim to encourage substantive reform in healthcare via operational transparency.
“We’re ecstatic to be working with Trella.” “They’ve established an amazing firm that stands at the crossroads of healthcare’s transformation to value-based healthcare and the industry’s demand for meaningful data to improve care and outcomes,” said Cressey Partner Dave Rogero. “We are excited to collaborate with Trella and Panoramic to help Trella advance its growth goals spanning innovative products, end industries, strategic partnerships, and collaborations.”
Trella, which was founded in 2015, delivers market analytics to healthcare businesses in order to help them develop and enhance their performance. Since early 2020, the company has more than doubled its yearly recurring income and grown its employees by 40%. The evolution of value-based care and enterprises employing Trella’s industry-leading information to effectively compete and partner effectively throughout the care continuum are key factors in its achievement.
“It’s a huge coup for us to be able to attract and cooperate with one of the nation’s biggest healthcare firms.” And it’s a great tribute to the huge influence we’re having in the healthcare business and for our customers,” said Trella President and CEO J. Scott Tapp. “This is a watershed moment in our company’s rapid expansion. It will allow us to spend even more in our new products, strategic acquisitions, data capabilities, and our incredible staff, allowing us to provide actionable insights to even more healthcare companies.”
“It’s been incredible to watch Trella flourish over the last year and a half, especially given the difficult market conditions,” said Panoramic Managing Partner Mark Buffington. “With operational accountability, we are happy to grow our collaboration and assist Trella’s ability to enable substantial shift in healthcare.”