FTV Capital adds healthcare tech investment

The $4 billion firm FTV Capital added to its technology portfolio with a significant investment in 6 Degrees Health, a provider of technology-enabled healthcare cost containment solutions for self-funded employers. The undisclosed investment allows 6 Degrees to expand its platform that analyzes, and benchmarks claims and billing across plans, providers and geographies to provide medical reimbursement analytics for audits, contracting and claim negotiation. “As a result of a strong leadership team and passion to provide transparency, 6 Degrees Health continues to ‘pull back the curtain’ on healthcare pricing,” said Alex Mason, partner at FTV Capital. “FTV Capital is excited to partner with a driven, dedicated team to help further enhance its technologies and create more transparency for the market.” FTV focuses on growth equity investments in companies within enterprise technology and services, financial services and payments and transaction processing. “Rising healthcare spend is a significant cost burden and managing high-cost claims is the top priority for self-insured employers,” said Chris Winship, partner at FTV Capital. “6 Degrees Health provides self-insured employers with a technology-enabled cost-containment solution that delivers significant savings on healthcare claims.We are excited to support the company’s incredible traction as they inject analytics into a challenged industry that is swimming in broken technologies, manual processes and other inefficiencies.” As part of the transaction, FTV Capital’s Winship, Alex Mason and Abhay Puskoor will join the 6 Degrees Health board of directors. The San Francisco-based private equity firm last month invested $45 million with Agiloft to help the firm expand its geographic and vertical presence on the back of its enterprise contract and commerce lifecycle management within the artificial intelligence space.

FTV Capital adds healthcare tech investment

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