Burlington-based Arcadia Solutions LLC, a provider of data-driven health information technology services, said today it will be acquired by private-equity firm Ferrer Freeman & Co. LLC and Arcadia's senior management team.
Terms of the deal were not disclosed. Based in Greenwich, Conn., Ferrer Freeman & Co. focuses exclusively on growth capital investments in the health-care industry.
Carlos Ferrer, David Freeman and Ted Lundberg of FFC will join Arcadia's board of managers. In addition, Jim Crook, a health-care IT industry veteran who was CEO of IDX Systems when it was sold to GE Healthcare for $1.2 billion, will also join the board.
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