TA Associates, a global private equity firm, announced the acquisition of a majority stake in Vee Healthtek, formerly a division of Vee Technologies. This investment positions Vee Healthtek to expand its product offerings and continue to support streamlined healthcare operations for providers and payers.
"TA's wealth of knowledge will allow us to take the scope and sophistication of our services to new heights," said Matt Michaels, CEO of Vee Healthtek. "Alongside TA, we will unlock an expanded realm of possibilities for our clients."
Vee Healthtek's focus on AI, automation and machine learning complements TA Associates vision for growth within the healthcare industry. Both hope to deliver innovative solutions in revenue cycle management, business management and more to help healthcare organizations achieve their goals.
"The forecast is extremely promising, and I am eager to see what we can accomplish together," Mr. Michaels said.