Thomas H. Lee Partners (THL) has led a $50 million growth investment in Qventus, according to a news release.
Qventus, based in Mountain View, Calif., is a provider of artificial intelligence (AI)-based software for care operations automation. Founded in 2012, the Qventus platform integrates with EHRs and uses AI and behavioral science to support its solutions for inpatient, emergency department, perioperative and command center settings.
THL, based in Boston, is a private equity firm investing in middle market growth companies in three sectors, including healthcare. Founded in 1974, the firm typically targets companies with enterprise values between $250 million and $2.5 billion.
Other participating new and existing investors identified in the announcement are Premier, Thedacare, Bessemer Venture Partners, Mayfield Fund and Norwest Venture Partners.
