Hughes & Co. has completed an investment in Voluware, according to a news release.
Voluware, based in Huntington Beach, Calif., is a provider of cloud-based workflow and automation solutions for administrative healthcare transactions. Founded in 2011, its VALER platform is designed to help complete prior authorizations, eligibility verification and referrals document management.
Hughes & Company, based in Chicago, seeks control and minority equity investments exclusively in healthcare software and technology-enabled services companies, Founded in 2011, the firm has wide flexibility on investment size and targets low to middle market companies with between $10 million and $50 million in revenue.
Terms of the investment were not disclosed.