HGP Advises Alivia Analytics in Platform Investment from Health Enterprise Partners and Council CapitalOctober 06, 2022
Council Capital and Health Enterprise Partners, healthcare-focused private equity firms based in Nashville and New York City respectively, jointly announced a platform investment in Alivia Analytics.
Alivia provides a next-generation technology platform ensuring the accuracy of healthcare payments and leading the fight against fraud, waste, abuse and error in healthcare claims. Founded by technology visionary Kleber Gallardo, Alivia serves clients including state Medicaid agencies, commercial insurance plans and investigative service firms.
The Alivia investment is the result of a collaboration of Council Capital, Health Enterprise Partners, and industry veteran Michael Taylor, MD, an Executive-in-Residence at the firms who assisted with the search for a leading company in the payment integrity and fraud, waste, and abuse space. Dr. Taylor joins as the Chief Executive Officer. Kleber Gallardo will assume the role of Chairman and continue to lead the company's technology efforts as Chief Architect. Alex Kormushoff will also continue to serve on the leadership team as the Chief Operating Officer.
Alivia founder Kleber Gallardo stated, "We welcome the partnership with Council Capital and HEP. The infusion of capital and talent will enable Alivia to reach the next level of success and expand our mission of providing superb technological innovation and outstanding customer service. Council Capital and Health Enterprise Partners' respective networks will be invaluable in accelerating the growth of Alivia."
To read more, read the press release here.