Decathlon Health Endeavors investment targets value-based care technology

Decathlon Capital Partners has invested in Health Endeavors, a Farmington, Utah-based health technology company that works with accountable care organizations and value-based care providers. The Decathlon Health Endeavors investment was announced without financial terms, according to PE Hub.

Health Endeavors serves more than 2 million patients, PE Hub reported. The company, founded in 2008, is led by chief executive David Derrick.

The deal adds capital behind a business positioned around data and operational support for healthcare organizations that are paid or evaluated in part on patient outcomes. PE Hub described Health Endeavors as a technology partner for accountable care organizations and value-based care, two models that focus provider attention on care quality and outcomes rather than only on service volume.

What does Health Endeavors do?

Health Endeavors provides technology support for accountable care organizations and value-based care, according to PE Hub. Matt Hoffman, managing director at Decathlon Capital Partners, said the company gives providers actionable insights intended to support effective care and a prevention-focused approach.

Accountable care organizations are groups of healthcare providers organized around patient outcomes and coordinated care. Value-based care refers to healthcare arrangements that emphasize results for patients, a structure that can increase demand for data tools used to identify risks, track performance and support provider decisions.

Hoffman said Decathlon Capital Partners was pleased to work with Health Endeavors as the company advances a proactive approach to healthcare focused on prevention. PE Hub did not report whether the investment involved a minority stake, a majority position or another structure.

The announcement did not include revenue, profitability, valuation or the intended use of proceeds. No additional transaction participants, such as advisers or lenders, were identified in the report.

For Decathlon Capital Partners, the investment gives the firm exposure to a healthcare technology company operating in a segment tied to accountable care and value-based care programs. For Health Endeavors, the transaction brings in an investment partner as it continues serving a patient base reported at more than 2 million.

The absence of disclosed terms limits the financial read-through from the transaction. The confirmed details are that Decathlon Capital Partners has invested in Health Endeavors, the company is based in Farmington, Utah, and its business supports healthcare providers working under outcome-oriented care models.

This story draws on original reporting from PE Hub.