Editor’s note: This article has been updated with a quote from Arcadia’s president and CEO.
European private equity firm Nordic Capital has acquired a majority stake in data analytics company Arcadia through a newly announced strategic partnership.
Boston-based Arcadia is a healthcare data platform that amasses data from across the industry and uses advanced analytics, AI and performance benchmarking to help payers and providers improve care quality, lower costs and increase revenue.Â
Nordic Capital, headquartered in Stockholm, says that under its umbrella, Arcadia will be able to accelerate its expansion. The deal is anticipated to close in the latter half of 2025.
The acquisition marks an exit for previous investor Peloton Equity, whose predecessor firm Ferrer Freeman acquired Arcadia Solutions in 2012.Â
“Nordic Capital’s partnership allows Arcadia to move with even greater purpose toward a more connected, data-driven healthcare system. Their healthcare expertise and long-term commitment provide the capital and confidence to take our platform – and the impact it drives – to the next level,” Michael Meucci, Arcadia’s president and CEO, told MobiHealthNews in an email.
THE LARGER TREND
Last year, California-based real-world data platform Atropos Health announced that Arcadia joined its health portfolio, giving Arcadia’s provider customers and life sciences users access to Atropos’ offerings.
Atropos offers AI tools, evidence generation, analytics augmentation and data evaluation to help physicians access real-world evidence to guide clinical decisions and research.
In 2023, GuideHealth, an AI-enabled value-based care provider for health systems, announced it acquired Arcadia’s value-based care services division and managed services organization.
GuideHealth also signed an agreement with Arcadia to use its data analytics platform to power the acquired offerings, which will work with its predictive and generative AI.
That same year, Arcadia secured $125 million in funding, and three years before, received a $29.5 million growth equity investment. Â
In addition to Arcadia, Nordic Capital’s portfolio includes other healthcare-focused companies, including life sciences company ArisGlobal, clinical trial management platform Clario, clinical research organization Cytel, and pharma-company focused data and technology firm IntegriChain.
