Aldrich Capital Partners has committed to investing $75 million in Compliancy Group, according to a news release.
Compliancy Group, based in Greenlawn, N.Y., is a healthcare compliance software-as-a-service (SaaS) business. Founded in 2005, the company’s solution, The Guard, is intended to help businesses meet HIPAA compliance requirements.
Aldrich Capital Partners, based in Tower Vienna, Va., and founded in 2014, pursues investments in healthcare IT and other technology service and software companies.
The investment will go toward expanding Compliancy Group’s staff, business development resources and solutions as well as acquiring assets, according to the release.