December 12, 2013
San Francisco, CA — December 12, 2013 — Carrick Capital Partners today announced the firm's investment in Accolade, an innovative consumer services company dedicated to helping people get the right care while improving their healthcare experience and lowering costs for large employers and payers.
The investment in Accolade is strategically complementary to Carrick's focus on supporting companies that provide technology-enabled service offerings. Since Accolade's inception, Carrick Capital Partners Co-Founder and Managing Director Jim Madden has collaborated with Accolade Co-Founder & CEO Tom Spann and J. Michael Cline, Accretive LLC Managing Director and Accolade Co-Founder.
“We are very excited to be partnering with Tom, Michael and the rest of the team. They are building a great business with a very large market opportunity,” said Madden. “We were especially impressed with the strong client testimonials we heard during diligence.”
“Accolade is truly among the most impactful businesses we have seen,” added Marc McMorris, Co-Founder and Managing Director of Carrick Capital Partners.
“We are very pleased to be partnering with Carrick Capital Partners. They have been involved from the beginning in helping us improve healthcare in this country one family at a time, and this investment will play a vital role in accelerating our positive impact for Fortune 500, payer, and provider customers,” Spann added.
About Carrick Capital Partners
Carrick Capital Partners is an investment firm that utilizes ABV (Approach to Building Value) to operationally scale fast growing businesses that provide technology-enabled services. Carrick adds value by taking a concentrated approach and dedicating significant resources post-investment. Carrick helps scale great companies that deliver significant returns for investors, stimulating economic growth, and positively impacting the industry landscape. Working directly with CEO's and entrepreneurs, Carrick fulfills a vital need for investment and growth expertise. For more information, please visit www.carrickcapitalpartners.com.
Accolade Inc. is an innovative consumer services company, dedicated to helping people get the right care the first time. Our Accolade Health Assistants® take the time to get to know individuals, understanding the context of their healthcare decisions, building trust and influencing decisions as they navigate the complex healthcare system. By integrating leading technology, analytics and clinical decision support, we're able to create personalized engagement and care plans for every client. This high-touch, high-tech approach consistently results in better savings, improved health outcomes, near-perfect client satisfaction ratings and Net Promoter Scores ranking among the world's most respected brands.
Founded in 2007 and headquartered in Plymouth Meeting, Pa., Accolade has nearly 500 employees serving the families of some of the nation's largest self-insured employers and payers. The company has been recognized as one of the nation's 25 most promising companies by Forbes magazine, the fastest-growing private healthcare company by Inc. 500, and the No. 1 mid-sized company by Top Workplaces in Philadelphia. For more information, visit www.accolade.com.