Oct. 10, 2022: Council Capital, Health Enterprise Partners Collab on Healthcare Payment Fraud Tech

Read the top headlines from Monday, October 10, 2022 below:

CenterOak Acquires Pest Control Business

Private equity firm CenterOak has announced its latest investment, an acquisition of Palmetto Exterminators, which provides pest control services based in Charleston, South Carolina. Servicing a variety of end-markets, Palmetto pointed to CenterOak’s experience in the residential services sector as a beneficial factor for the company, adding that it expects to pursue growth organically as well as through strategic acquisitions. “We are eager to support the team and expand the company’s footprint and service offerings while building upon Palmetto’s impressive culture of providing best-in-class services to a loyal customer base,” said CenterOak managing director Eric Holter in a statement.

Greenbelt Leads Backing for Solar Mounting Solutions Company

Greenbelt Capital Partners, a middle-market private equity firm focused on the energy industry, announced it has led an investment in Unirac, which designs and manufactures solar photovoltaic mounting solutions. Trialntic Energy Partners II also participated in the fundraise. Unirac was acquired by Tenex Capital Management in 2016; the firm will continue to own a significant share in the company, the announcement noted. Unirac said the latest funding will support product development as well as efforts to make its supply chain more resilient.

Council Capital, Health Enterprise Partners Invest in Healthcare Payment Fraud Analytics

Healthcare-focused private equity firms Council Capital and Health Enterprise Partners issued a joint announcement revealing their platform investment in Alivia Analytics, which provides healthcare payment accuracy and fraud analytics technology. Focused on preventing waste, abuse and errors in healthcare payments, Alivia will now be led by chief executive officer Dr. Michael Taylor, MD. “Alivia’s ability to leverage powerful AI and machine learning tools in service of improving the accuracy and efficiency of human auditors and reviewers represents a significant leap forward in our ability to combat error, waste, fraud and abuse,” Dr. Taylor said in a statement.