Arcadia Healthcare Solutions ('Arcadia' or the 'Company') announced today that Peloton Equity, LLC ('Peloton'), a newly formed healthcare focused private equity firm, Zaffre Investments, LLC, and existing investors have invested $13 million growth capital in the Company. Founded in 2002, Arcadia is a leading electronic health record ('EHR') data aggregation and analytics technology company with a focus on serving ambulatory networks affiliated with large payer and provider organizations, including health plans, accountable care organizations ('ACOs'), integrated delivery networks ('IDNs'), and large physician groups, among others. Arcadia's technology and services enable its customers to implement and optimize an EHR platform, acquire, integrate, and report clinical data from the EHR and health insurance claims to transform physician practices based on the insight gained from that data. This suite of solutions empowers ambulatory networks to become data-driven organizations, leading to efficient population health management and success operating within both fee-for-service and value-based care payment models. Arcadia is led by CEO Sean Carroll, a longtime executive with over 25 years of experience in the health IT industry.

'We are very excited to work with Peloton and Zaffre as we prepare for our next phase of growth. I have known and worked with Peloton's partners for over 10 years, and they have substantial experience in building market-leading healthcare companies,' said Carroll. 'Further, a strategic investment by Zaffre is another validation of our relevance in the market and the importance of the core competencies Arcadia has built.'

This is the second investment by Peloton since its launch in August of 2014. 'We believe Sean and his team are building a market leading company that helps solve a rising and acute industry challenge,' said Carlos Ferrer, a founding principal at Peloton. 'Arcadia's analytics software and technology-enabled services allow physician networks to deliver better care at a lower cost.'

'The Arcadia investment aligns well with Zaffre's focus on investing in the future of quality healthcare,' added Steve Agular, Managing Director at Zaffre Investments. 'We understand the opportunity in using high-quality EHR data to transform healthcare and believe that Arcadia is uniquely positioned to help health plans and providers in achieving that goal.'

The $13MM investment by Peloton, Zaffre, and existing investors is incremental to capital invested previously by existing shareholders, including Ferrer Freeman & Company, and provides the financial foundation for the Company to add to its suite of technology products, including the core Arcadia Analytics and EHR Connect platforms, accelerate sales and marketing efforts, and add executive talent. Arcadia knows that the healthcare industry is transitioning from a volume-based, fee-for-service payment model, to a value-based care payment model and that physicians and other healthcare professionals are critical in driving this significant industry transformation. As such, there is a substantial opportunity for trusted partners such as Arcadia to facilitate the ambulatory network's need for high quality, actionable data and provide practice transformation solutions to implement the insights gained from this data to drive better patient outcomes.

About Peloton Equity
Peloton Equity, LLC (http://www.pelotonequity.com) is a newly-formed private equity firm that focuses exclusively on growth capital investments in the lower middle market of the healthcare industry. Peloton's portfolio includes HealthPlanOne, a leading technology-enabled digital marketing firm specializing in Medicare and individual and family health insurance sales and distribution. Peloton leverages its extensive healthcare network, value-building diligence and investment process, and portfolio management playbook to add value to its portfolio companies. Peloton seeks companies with between $20 and $200 million of revenue and the management team, market opportunity and business model to grow revenues meaningfully over the life of its investment.

About Zaffre Investments
Zaffre Investments, LLC (http://www.zaffreinvestments.com/) is a wholly-owned subsidiary of Blue Cross Blue Shield of Massachusetts that is committed to adding value through investments in new products, services and technologies that aim to improve the way healthcare is delivered and received. Zaffre focuses on companies across the healthcare landscape, with a primary focus on ACOs, consumer solutions, health information technology, and behavioral health. The firm is stage agnostic, considering a company's financial and market positions, capabilities, and core values, as well as their missions and visions for the future. Zaffre employs a true partnership model for its portfolio companies, providing strategic direction, business support, industry connections and more.

About Arcadia Healthcare Solutions
Arcadia Healthcare Solutions is an EHR Data Aggregation and Analytics technology company trusted by provider groups, health plans, and integrated delivery networks nationwide. Arcadians use the proven Arcadia Analytics platform to collect, integrate, and manage EHR and claims data with client care teams and executives to drive rapid and lasting outcomes. With expertise in both fee-for-service optimization and value-based performance environments, Arcadia supports providers with the insights and action to excel in the evolving landscape of American healthcare. Founded in 2002 and focused entirely on healthcare, Arcadia is headquartered outside Boston with offices in Seattle and New York City. For more information, go to www.arcadiasolutions.com.