Nordic Capital partners with Arcadia to drive data-focused healthcare innovation

Posted: July 1, 2025

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Arcadia, a leading healthcare data platform, and Nordic Capital, a premier private equity investor in healthcare and technology, today announced a strategic partnership where Nordic Capital will become the majority owner of Arcadia. The partnership will accelerate Arcadia’s mission to transform healthcare to make it sustainable through predictive insights, AI-powered analytics, and actionable intelligence.

Arcadia’s platform integrates data from across the healthcare ecosystem and transforms it into insights that generate improved outcomes and quality, increased revenue, and reduced costs for providers, payers, and government organizations. With differentiated access to rich datasets, Arcadia delivers advanced analytics and performance benchmarks that support smarter, faster decision making, benefiting the modern healthcare system.

Nordic Capital brings a proven track record of investing in and scaling high-growth companies within the healthcare and technology space, building sustainable companies that improve the markets in which they operate. With Nordic Capital's support and deep experience in healthcare technology, services, and data-driven transformation, Arcadia will be able to accelerate its expansion and further positively impact healthcare customers in two key ways. First, by providing a flexible, scalable platform that enables organizations to act on insights and improve both clinical and financial performance; second, by delivering deeper, more comprehensive data to inform their strategic decisions.

“Nordic Capital’s investment is a powerful endorsement of the strength of Arcadia’s platform and confidence in our ability to deliver value by improving outcomes and reducing costs,” said Michael Meucci, Arcadia’s President and CEO. “This milestone marks a new phase of growth for Arcadia, grounded in the same mission, but with even stronger backing to scale smarter, invest faster, and accelerate innovation to meet the growing demand for data-driven intelligence in healthcare.”

“We are deeply impressed by Arcadia’s innovation leadership in healthcare data,” said Daniel Berglund, Partner and Co-Head of Healthcare, Nordic Capital Advisors. “The Arcadia platform is redefining how healthcare organizations use data to drive efficiency and improve quality. This partnership aligns seamlessly with Nordic Capital’s investment strategy and Nordic Capital is excited to support Arcadia in its next phase of growth.”

The transaction is expected to close in the second half of 2025 subject to customary regulatory approvals and closing conditions. Terms of the transaction were not disclosed.

Lazard acted as exclusive financial advisor to Arcadia and TripleTree acted as exclusive financial advisor to Nordic Capital for this transaction.

About Arcadia

Arcadia helps providers, payers, and government organizations transform healthcare data into predictive insights that drive better outcomes, increase revenue, and reduce costs. Its industry-leading platform amasses data from across the healthcare ecosystem and converts it into actionable analytics, AI-driven intelligence, and performance benchmarks, enabling smarter decisions and accelerating impact across the enterprise. National and regional health systems and payers, along with governmental organizations – including Aetna, Highmark Blue Cross Blue Shield, Intermountain Health, Ochsner Health, and the State of California – trust Arcadia to operationalize their data and lead the way in data-driven healthcare. Visit arcadia.io for more information.

About Nordic Capital

Nordic Capital is a leading sector-specialist private equity investor with a resolute commitment to creating stronger, sustainable businesses through operational improvement and transformative growth. Nordic Capital focuses on selected regions and sectors where it has deep experience and a long history. Focus sectors are Healthcare, Technology & Payments, Financial Services, and Services & Industrial Tech. Key regions are Europe and globally for Healthcare and Technology & Payments investments. Since inception in 1989, Nordic Capital has invested c. EUR 28 billion in 150 investments. Nordic Capital’s most recent funds are Nordic Capital XI with EUR 9 billion in committed capital and Nordic Capital Evolution II with EUR 2 billion in committed capital, principally provided by international institutional investors such as pension funds. Nordic Capital Advisors have local offices in Sweden, the UK, the US, Germany, Denmark, Finland, Norway, and South Korea. www.nordiccapital.com

“Nordic Capital” refers to, depending on the context, any, or all, Nordic Capital-branded entities, vehicles, structures, and associated entities. The general partners and/or delegated portfolio managers of Nordic Capital’s entities and vehicles are advised by several non-discretionary sub-advisory entities, any or all of which are referred to as “Nordic Capital Advisors.”