Qventus, a provider of AI-powered software for care operations, announced a growth investment led by Thomas H. Lee Partners, L.P., and a strategic partnership and investment by Premier, Inc., a leading healthcare improvement company. THL and Premier are joined by Thedacare, along with existing investors Bessemer Venture Partners, Mayfield Fund, and Norwest Venture Partners.

Qventus' mission is to simplify how healthcare operates so it just works -- for everyone. The company offers an AI-based software platform that helps hospital teams make better operational decisions in real-time, with positive impacts on financial performance and patient experience. Qventus addresses operational challenges across the hospital including emergency departments, perioperative areas, patient safety, inpatient, outpatient and pharmacy. Located in Silicon Valley, Qventus is honored to be working with leading public, academic and community hospitals across the United States. Qventus was named among Fast Company's Most Innovative Companies for 2018. The company has also been recognized as a leader and innovator in operational excellence, with the 2016 Fierce Innovations Award in Healthcare and Healthcare Informatics 2017 Innovator Award.