The behavioral health technology providers Qualifacts and Credible Behavioral Health will merge, the companies’ private equity backers announced Tuesday.
Nashville-based Qualifacts is an electronic health record provider for behavioral health and human service organizations. It was acquired by Warburg Pincus, a global private equity firm focused on growth investing, last year.
Meanwhile, Rockville, Maryland-based Credible Behavioral Health provides software for clinic, community, residential and mobile care providers. It is a portfolio company of Martis Capital, a private equity firm focused exclusively on the healthcare sector.
The new combined company will have a significantly increased scale and scope and serve more than 800 behavioral health agencies nationwide, according to a press release announcing the news.
David Klements, CEO of Qualifacts, will lead the company, while Matthew Dorman, CEO of Credible, will serve as a strategic advisor.
“This transformational merger will deliver more value to the behavioral health customers we serve while creating outstanding opportunities for our employees,” Klements said in the press release.