Remarkable Health

The Deal

Bought By

Peter Flick

Year

2015

Vehicle

Cedar Lake, with Anacapa, backed by Search Fund Partners and The Cambria Group

Kind

Software

A behavioral-health records business, bought as ClaimTrak and rebuilt around an AI documentation assistant.

What Happened Next

Sold to Netsmart in December 2021, which bought it for that assistant and the records platform under it.

The searchers held it 6 years, from 2015 to 2021.

Bought at exit by Netsmart, whose page carries that firm's own announcement of it.

Backed by the Same Firms

Method & Source

This record is double-sourced: it joined when the purchase and, where the company has traded on, the exit could both be read in primary accounts.

• The acquirer's announcement ntst.com
• Anacapa Partners' own account anacapapartners.com
• Trilogy Search Partners' own account trilogy-search.com
• Aspect Investors' own account aspectinvestors.com
• Endurance Search Partners' own account, The backer's investments list, which carries the company and its own year. endurancesearchpartners.com
• Endurance Search Partners' own account, The backer's partners page, which names the searcher beside the company and the fund. endurancesearchpartners.com
• Search Fund Partners' own account searchfunds.net
• The Cambria Group's own account cambriagroup.com

These sources name who runs the business and when the firm invested, rather than saying in a sentence that the searchers bought it. The pairing rests on the row's other sources: a person named beside the company elsewhere. The index host's card, lists the company against its own 2015 investment and its own 2022 exit and names nobody.