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JMI Equity invests in healthcare technology companies

JMI Management Inc., also known as JMI Equity, made investments in healthcare software solution providers AlertMedia and Jvion Inc.

The private equity firm invested $25 million in AlertMedia, an emergency communication software provider, which will use the proceeds to accelerate its strategic growth initiatives, including new product development, expansion and hiring.

Bob Nye, general partner at JMI Equity, joined AlertMedia's board of directors as part of the transaction.

Additionally, JMI Equity led a "significant growth equity investment" in healthcare technology company Jvion. Healthcare investment firms Health Enterprise Partners LP and Health Velocity Capital also took part in this funding round.

Jvion said it will use the funding to drive growth across the provider market, improve patient care and drive the company's artificial intelligence platform to other segments, including the pharmaceutical market.

Raymond James served as the exclusive financial adviser to Jvion in the transaction.

JMI Equity in December 2018 closed its latest fund at a hard cap of $1.2 billion, securing commitments from new and existing investors to invest from approximately $15 million to more than $100 million in software companies through minority and control transactions.