Petra invests $6M in medical documentation company

Investment in Dallas company is Nashville firm’s fourth this year

Email | Print By Erin Lawley

Nashville-based private equity firm Petra Capital Partners today announced a $6 million investment in Superior Global Solutions, a Dallas-based provider of medical documentation, coding and technology enabled services for hospitals and health systems.

The investment, a combination of subordinated debt and preferred stock, was used by SGS to buy out a minority shareholder and make a strategic technology investment.

Petra’s managing partner, Mike Blackburn, and venture partner David Fitzgerald are joining SGS’s board of directors.

“Hospitals and health systems are searching for technology enabled solutions that lower costs, improve workflows and accelerate the revenue cycle,” Fitzgerald said in a news release. “SGS addresses these issues by providing its clients with a bundled solution, comprised of professional services and innovative technology.”

This is Petra's sixth investment from Petra Growth Fund II, which has $160 million of available capital.