Patient Square Capital will make a strategic investment in CorroHealth, according to a news release.
CorroHealth, founded in 2019 and based in Plano, Texas, is a provider of revenue cycle management solutions to health systems and health plans.
Patient Square, based in Menlo Park, Calif., is dedicated healthcare investment firm. Founded in 2020, the firm seeks investments across several healthcare industry subsectors, including products, services and technologies designed to improve health.
Terms of the investment were not disclosed.
Following the investment, Patient Square and Carlyle (NASDAQ: CG) will share joint control of CorroHealth.