HCAP Partners, a California-based private equity firm, has made an investment in Xevant, a provider of automated data analytics for organizations managing pharmacy benefits.

Xevant offers pharmacy benefit managers, payers, hospitals and consultants customized services with the ability to streamline processes, looking to lower drug costs and optimize performance and efficiencies. With this latest round of investment, the company aims to expand its position to impact pharmacy benefit stakeholders and drive its automation platform.

“This new infusion of capital will enable us to accelerate our growth plans, expand our team, and continue delivering cutting-edge solutions that drive value and improve outcomes in healthcare,” comments Brandon Newman, Xevant CEO.