Deal Details

Cressey Makes Significant Growth Investment in ProgenyHealth

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Summary

About

Cressey is a private investment firm focused on building leading healthcare services and information technology businesses. The Cressey team has a nearly 40-year history of helping companies drive innovation and growth and realize quality and productivity enhancements. Cressey is based in Chicago, Illinois and Nashville, Tennessee.

ProgenyHealth is a leading national, tech-enabled women's healthcare company dedicated to Maternity and NICU Care Management. ProgenyHealth serves women, infants and families through the milestones of maternal care — from conception and pregnancy to postpartum and parenting, with special expertise in managing premature and complex births and resulting NICU admissions. The firm’s industry-leading intelligent platform, Baby Trax™, integrates utilization management and case management, while driving payment validation & assurance activities based on clinical data. With more than 20 years of experience, ProgenyHealth’s board-certified physicians, nurses, social workers and others collaborate with providers to improve health outcomes, enhance the member and provider experience and reduce costs for all payer groups including commercial health plans, Medicaid payers and large employers. ProgenyHealth is headquartered in Plymouth Meeting, Pennsylvania.

Sunstone Partners is a growth-oriented equity firm that invests in AI- and Technology-enabled services and software companies. The firm seeks to partner with exceptional management teams, often as their first institutional capital partner, to help accelerate organic growth and fund acquisitions. Founded in 2015, the firm has $1.7 billion committed capital to its three funds. Sunstone Partners has been recognized as one of Inc. Magazine’s “Founder-Friendly Investors” list in 2020, 2021, 2022, 2023 and 2024. Sunstone Partners is headquartered in San Mateo, California.

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