LLR Partners, a private equity firm investing in technology and healthcare businesses, has made a growth capital investment in Viventium, a software-as-a-service-based human capital management service focused on the health services sector.
Viventium offers products in payroll and human resources, employee onboarding, benefits administration and Affordable Care Act compliance. The products are provided to clients in healthcare industries ranging from home care, home health and hospice agencies to nursing, assisted living and senior care facilities. Existing investors, ABS Capital and Camden Partners, as well as Viventium’s founders, the Kohn family, will remain shareholders in the business.
“The LLR team has extensive experience partnering with both human capital management and healthcare technology businesses to help accelerate their growth,” comments Dan Neuburger, CEO of Viventium. “We are excited to leverage their expertise as Viventium continues to grow and deliver a highly specialized, remarkable user experience for our home care and skilled nursing clients.”
BMO Capital Markets Corp. acted as financial advisor to Viventium on the transaction, with KeyBanc Capital Markets Inc. acting as a co-advisor.