New tech-focused PE firm recaps Relatient

A Connecticut-based private equity firm founded earlier this year has purchased a majority stake in Nashville-based patient engagement vendor Relatient.

Terms of the transaction between Relatient and Brighton Park Capital were not disclosed. The agreement provides for a significant new equity capital investment and positions Relatient for further growth in the patient engagement ecosystem, according to a press release. The company will use the proceeds from its recapitalization to add employees, fund the development of its patient engagement platform and speed customer growth.