Perspecta

Canaccord Genuity Advises Provider Data Management and Provider Directory Technology Leader Perspecta on its Growth Recapitalization by 5th  Century Partners

Partnership positions Perspecta to enhance the breadth and capabilities of its provider data management solutions and further penetrate the payor and workers’ comp markets 
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Canaccord Genuity is pleased to announce that it advised Perspecta, LLC, a leader in provider data management solutions, on its growth recapitalization by 5th Century Partners, a Chicago-based private investment firm.

Perspecta is the industry leader in AI-powered provider data management and provider directory SaaS solutions helping payors optimize care delivery and transform network management. By delivering accurate and reliable provider data, Perspecta drives improved healthcare outcomes, reduced medical claims and litigation costs and a frictionless member experience. The Company’s comprehensive provider data management offering serves a distinguished customer base of leading payors, workers’ compensation groups and TPAs, including four of the five largest payors and the ten largest TPAs.

Perspecta’s provider data management technology solutions enable its clients to create an intuitive digital front door for members that connects them with appropriate providers and accelerates time to care. The Company’s flagship provider directory solution allows members to search for, compare and select the best provider given their unique preferences and ranks providers using quality, cost and accessibility metrics that clients designate. Its data cleansing solution leverages AI and ML-enabled data matching at the attribute level to identify errors and gaps in provider data and make the necessary corrections. Perspecta’s price transparency solution presents the most cost- and outcome-effective providers for each consumer and enables them to compare their in-network and out-of-network costs between multiple providers, ensuring compliance with new price transparency regulations and requirements and empowering consumers to make informed care decisions.

​​​​​​​5th Century Partners is a purpose-driven private investment firm that invests in middle-market companies within the Healthcare, Consumer and Business Services segments committed to creating economic value and social impact.

Canaccord Genuity, with a team led by Dudley Baker and Fred Fang, served as the exclusive financial advisor to Perspecta.