Silicon Valley-based private equity firm Accel-KKR announced it invested in Forcura, the Jacksonville-based health care technology company.
The investment will allow Forcura to “invest in growth and innovation, as well as expand its footprint across the healthcare continuum.”
Forcura CEO Craig Mandeville and the company’s leadership team will continue in their roles. The company enables safer patient care transitions along the care continuum.
“After a successful eight years of helping our customers solve these critical care coordination challenges, today Forcura reached another important milestone with this partnership with Accel-KKR,” Mandeville said in a release. “With its capital backing and access to the firm’s deep expertise in software, we can accelerate innovation, growth and expansion to the benefit of our clients and their patients’ wellbeing.”
Accel-KKR invests in middle-market software and IT companies. The amount of the investment was not released.
The private equity firm’s strategy is to develop “strong partnerships” with its companies’ leadership teams and to “leverage the significant resources available through the Accel-KKR network.
“Forcura’s commitment to being the industry standard communication platform and its current foothold in the home health and hospice sectors have positioned the company to capture a significant share of the post-acute care technology market,” Park Durrett, managing director of Accel-KKR, said in the release.
In May, Forcura announced it would add 115 jobs by the end of 2022 with help from taxpayer-backed incentives from the city and state. It is also expanding its headquarters into 30,000 square feet at 10151 Deerwood Park Blvd.
Forcura will join Accel-KKR’s portfolio of around 50 software and technology companies that include Sandata, Telcor, iMed and Patientco.
Mandeville said in an email Accel-KKR’s “outstanding reputation” for growing tech companies made the investment make sense for Forcura.
“This investment enables Forcura to continue to drive product innovation and expand into new markets,” Mandeville said. “Forcura squarely fits into Accel-KKR’s approach to investing in software and IT-enabled businesses, well-positioned for topline and bottom-line growth.”