WindRose Health Investors has announced an investment in Avalon Healthcare Solutions.
Avalon, founded in 2013 and based in Tampa, Florida, is a healthcare technology company that manages the appropriate use of routine and genetic diagnostic laboratory tests on behalf of health plan clients.
WindRose, founded in 2000 and based in New York, pursues equity investments in healthcare companies. The firm invests in a broad range of industry segments, including outsourced services to payors and health systems, technology-enabled services, healthcare providers and value-added distribution.
Francisco Partners (FP) made an additional investment in Avalon. FP, founded in 1999 and based in San Francisco, is a private equity firm that specializes in investments in technology and technology-enabled businesses.
Terms of the investments were not disclosed