Private equity firm Accel-KKR has invested in Staritas, a healthcare spend and recall management solutions business spun out from ECRI, a Pennsylvania-based nonprofit healthcare quality and safety organization founded in 1968. Emmet O’Gara serves as CEO of the newly independent company, which aims to maintain continuity in day-to-day operations for its customers.

The investment marks Accel-KKR’s entry into the healthcare technology sector through this strategic spin-out. While financial terms were not disclosed, the backing signals confidence in Staritas’s ability to operate independently while leveraging ECRI’s decades of expertise in healthcare safety and quality. The move allows ECRI to focus on its core nonprofit mission while enabling Staritas to pursue growth opportunities as a standalone entity.

This transaction reflects a growing trend of private equity firms backing healthcare technology spin-outs that can scale more rapidly outside their parent organizations. By separating Staritas from ECRI, the companies position themselves to pursue distinct strategic objectives – ECRI maintaining its nonprofit healthcare safety mission while Staritas leverages Accel-KKR’s resources to expand its spend and recall management solutions for healthcare providers.