Vastian Announces Strategic Growth Investment from Bregal Sagemount and Silversmith Capital Partners

Vastian (the “Company”), the fastest growing provider of quality management software for hospitals and laboratories, today announced a strategic growth investment from Bregal Sagemount (“Sagemount”), a leading growth-focused private equity firm, alongside a new investment from existing investor Silversmith Capital Partners (“Silversmith”). The investment will accelerate Vastian's ongoing product innovation and commercial expansion as healthcare organizations increasingly seek to consolidate and manage complex, mission-critical compliance workflows.

With over 30 years of experience, Vastian serves more than 9,200 facilities and sites globally. Its system-of-record platform centralizes quality management processes into a single, configurable solution. Used by over 2 million professionals, Vastian’s platform helps manage audit readiness, operational compliance, and major regulatory requirements, including CAP, CLIA, The Joint Commission, and ISO.

The Vastian impact shows up in customer outcomes. Laboratories and hospitals are using Vastian to manage tens of millions of controlled documents, assessments, forms, and inspection and survey events, creating a connected system of record across critical quality workflows. As a result, Vastian clients see cited deficiencies fall nearly 80% when using its array of Quality applications.

Vastian was advised by Baird. Sagemount was represented by Goodwin Procter. Terms of the transaction were not disclosed.

About Vastian:

Founded in 1995, Vastian (formerly known as MediaLab) provides the leading SaaS-based quality management software for clinical laboratories and hospitals. Our solutions support more than 9,200 healthcare facilities in all 50 states, 50 countries, all 7 continents, and over 2,000,000 clinical professionals. With our proprietary platform, we provide a full suite of solutions spanning document and compliance management to enterprise and individual education and CEUs, as well as readiness assessments to ensure preparedness for compliance agency regulations and certification. Vastian is a private equity backed, fast-growing business based in Lawrenceville, GA, outside Atlanta. Learn more at Vastian.com or follow us on LinkedIn.

About Bregal Sagemount:

Bregal Sagemount is a leading growth-focused private capital firm with over $11 billion in cumulative capital raised. The firm provides flexible capital and strategic assistance to market-leading companies in high-growth sectors across a wide variety of transaction situations. Bregal Sagemount has invested in over 90 companies in a variety of sectors, including healthcare IT, compliance, software, information and data services including in the laboratory space, financial technology and financial services, digital infrastructure, and business and consumer services. The firm has offices in New York and Palo Alto. For more information, visit www.sagemount.com or follow us on LinkedIn.

About Silversmith Capital Partners:

Founded in 2015, Silversmith Capital Partners is a Boston-based growth equity firm with over $5 billion in capital under management. Silversmith seeks to partner with founders and entrepreneurs building enduring technology and healthcare businesses. The firm brings deep domain expertise, strategic perspective, and a long-term partnership approach to help management teams accelerate growth. The firm has served as the first institutional partner to some of the most dynamic and successful companies in its core verticals, including Appfire, Apryse, DistroKid, Iodine Software, and LifeStance Health. For more information, visit www.silversmith.com or follow us on LinkedIn.

Contact:

Vastian
Marissa Jambrone
Director of Marketing
marissa@vastian.com

Bregal Sagemount
Siqi Wu
Marketing & Communications Manager
siqi.wu@bregal.com

Silversmith Capital Partners
Kate Castle
kate@silversmith.com