Deal Details

Vastian Receives Strategic Growth Investment from Bregal Sagemount

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Summary

About

Founded in 1995, Vastian provides the leading SaaS-based quality management software for clinical laboratories and hospitals. The Company’s solutions support more than 9,200 healthcare facilities in all 50 states, 50 countries, all 7 continents and over 2,000,000 clinical professionals. With its proprietary platform, Vastian provides a full suite of solutions spanning document and compliance management to enterprise and individual education and CEUs, as well as readiness assessments to ensure preparedness for compliance agency regulations and certification. Vastian is headquartered in Lawrenceville, Georgia.

Founded in 2015, Silversmith is a growth equity firm with over $5 billion in capital under management. Silversmith seeks to partner with founders and entrepreneurs building enduring technology and healthcare businesses. The firm brings deep domain expertise, strategic perspective and a long-term partnership approach to help management teams accelerate growth. The firm has served as the first institutional partner to some of the most dynamic and successful companies in its core verticals, including Appfire, Apryse, DistroKid, Iodine Software and LifeStance Health. Silversmith is headquartered in Boston, Massachusetts.

Bregal Sagemount is a leading growth-focused private capital firm with over $11 billion in cumulative capital raised. The firm provides flexible capital and strategic assistance to market-leading companies in high-growth sectors across a wide variety of transaction situations. Bregal Sagemount has invested in over 90 companies in a variety of sectors, including healthcare IT, compliance, software, information and data services including in the laboratory space, financial technology and financial services, digital infrastructure and business and consumer services. With offices in New York and Palo Alto, Bregal Sagemount is headquartered in New York, New York.

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