Abry Partners Closes $780 Million Deal with Centauri Health Solutions
Abry Partners has successfully closed a $780 million continuation vehicle to extend its collaboration with Centauri Health Solutions, a healthcare technology firm serving U.S. health plans. Leading the investment in this transaction were Neuberger Private Markets and Apollo’s Sponsor and Secondary Solutions business. This strategic move aims to enhance Centauri's position in the healthcare insurance market.
The continuation vehicle provides an option for existing limited partners to attain liquidity while delivering additional capital to boost Centauri’s growth initiatives. Based in Tempe, Arizona, Centauri Health Solutions offers vital services like technology, data intelligence, and member engagement solutions across health plan programs such as Medicare Advantage and Medicaid. Collaborating with major U.S. health insurance payers, Centauri serves over 60 million members robustly.
Initially investing in Centauri in 2020, Abry Partners has worked to advance the company’s capabilities through organic growth and strategic acquisitions. Noteworthy acquisitions include Secure Exchange Solutions in 2021 and MedAllies in 2025, significantly strengthening Centauri’s platform. As part of its strategic realignment, Centauri streamlined its operations by divesting its Provider Solutions segment in 2026 to concentrate on payer technology and data intelligence.
Abry reports substantial financial growth in Centauri’s payer business since its investment. Revenues have tripled, and EBITDA has more than quadrupled, maintaining consistent double-digit organic growth. The new fund empowers Abry to continue supporting Centauri’s strategic expansion through organic growth and acquisition strategies, ensuring sustained value creation.
William Blair and Kirkland & Ellis provided financial and legal advisory services for the transaction. Abry Partners manages approximately $16 billion in assets and has completed leveraged transactions exceeding $90 billion in total value.
Nicholas Scola, Partner and Head of Buyout Funds at Abry Partners, noted, “This continuation vehicle reflects our ongoing focus on delivering liquidity for our limited partners while allowing us to remain invested in a business with significant potential for future value creation.”
Centauri CEO and Co-Founder Mike McNelis expressed enthusiasm over the partnership, appreciating how it has transformed their business by expanding capabilities and enhancing service outcomes for payers and members. Neuberger Private Markets' Ethan Falkove and Apollo's Steve Lessar emphasized the value of flexible capital solutions in supporting Centauri’s success and advancing their growth strategies.