Sandata was founded in 1978 by Bert Brodsky and had raised no prior institutional capital when Stripes met Bert in 2010. After several meetings with the management team, Stripes was chosen as the preferred partner to help the Company achieve an ambitious growth plan. At its core, Sandata’s technology improves the delivery of care in the home and helps remove fraud and inefficiencies within the industry. With a daily reach into over 200,000 homes, Sandata’s platform is a leader in a large, underpenetrated market.
Stripes discovered Sandata through its thematic sourcing strategy focused on healthcare IT businesses. Since our investment, Sandata has invested heavily into technology and launched a new software platform. They have demonstrated excellent progress with large contract wins – in 2013, Sandata signed the largest contract in Company history with the state of Illinois.
The information noted above is representative as of the time noted/October 2019 and has not been updated.