InTandem Capital Partners has announced it has completed an investment in The Phia Group.
The Phia Group, founded in 2000 and based in Canton, Massachusetts, is the developer of cost containment and compliance solutions for health plan sponsors and employers.
InTandem, founded in 2011 and based in New York, focuses on acquiring middle market healthcare services companies. The firm prefers to make more substantial investments from a dollars perspective in the provider services and non-reimbursement industries.
Terms of the investment were not disclosed.
InTandem was joined in its investment by strategic co-investments from HarbourVest Partners and Partners Capital.