Gemspring Capital has announced it has sold Valant Medical Solutions to an affiliate of Resurgens Technology Partners.
Valant, founded in 2005 and based in Seattle, is provider of SaaS-based electronic health record and practice management software for behavioral health providers.
Gemspring, based in Westport, Conn., is a middle market private equity firm that invests in healthcare services and several other sectors. Founded in 2015, the firm targets companies with up to $500 million in revenue.
Resurgens, based in Atlanta, is private equity firm focused on investing in North American and select European lower middle market businesses with a focus on enterprise software.
Terms of the transaction were not disclosed.