TA Associates and Francisco Partners have signed a definitive agreement to make a significant growth investment in Edifecs, according to a news release.
Edifecs, based in Bellevue, Wash., is a healthcare technology company with solutions focused on interoperability, workflows, value-based care payments and analytics.
TA Associates, which is based in Boston, considers a range of investment types, from minority to majority investments. Founded in 1968, the firm invests in healthcare and several other sectors.
Francisco Partners, with its U.S. headquarters in San Francisco, is a private equity firm that specializes in investments in technology and technology-enabled businesses.
Terms of the transaction, which is expected to close in the third quarter of 2020, were not disclosed. PEHub reported that the deal is worth more than $1.4 billion and will result in the two private equity firms jointly owning a majority of the company.