Praesidian sells stake in Etransmedia

Praesidian Capital has sold its $20.4 million stake in Troy, New York-based Etransmedia, a healthcare information technology company. The exit, which was also made with Praesidian's co-investor, a Kemper Corp subsidiary, was the result of Etransmedia's acquisition by Formativ Health, a joint venture of Northwell Health and Pamplona Capital. Praesidian first invested in Etransmedia in 2012.

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