Tech PE firm takes minority stake in ProviderTrust

ProviderTrust moved operations to Capitol View in 2019.

Health care compliance software company ProviderTrust has received a “substantial” investment from a technology-centric growth equity fund. Terms of the transaction were not released. 

Pennsylvania-based Susquehanna Growth Equity will now own a minority stake in the Nashville-based company. The firm focuses exclusively on internet, software and information service companies and has put money to work in Credit Karma, Evive, Cymulate and dozens of other ventures across Europe, Israel, North America and Southeast Asia.