New York, New York, (February 19th, 2025) – Welsh, Carson, Anderson & Stowe (WCAS), a leading private equity firm specializing in the technology and healthcare industries, is pleased to announce the strategic acquisitions of biospatial, based in Durham, NC, and FlowMSP, based in Park Ridge, IL, by its portfolio company, ImageTrend. These acquisitions align with ImageTrend’s vision of connecting life’s most important data and underscore WCAS’s commitment to supporting its portfolio companies in accelerating growth, driving innovation, and delivering impactful solutions.
ImageTrend’s software transforms incident data into actionable intelligence for EMS, fire, and healthcare providers. The addition of biospatial’s advanced healthcare analytics capabilities and FlowMSP’s pre-incident planning technology enhances ImageTrend’s ability to create a fully connected, patient-centric continuum of care. This integration further enables emergency service providers to address systemic challenges, streamline operations, and significantly impact the communities they serve.
“The acquisitions of biospatial and FlowMSP represent a significant milestone in ImageTrend’s mission to empower emergency service providers and healthcare organizations with transformative data insights,” said Patrick Sheahan, Chief Executive Officer of ImageTrend. “By integrating these innovative platforms with ImageTrend’s industry-leading solutions, we are delivering tools that help our customers address systemic challenges, streamline operations, and drive meaningful community impact.”
Ryan Harper, General Partner at WCAS, added, “These acquisitions underscore WCAS’s commitment to supporting ImageTrend’s growth strategy and enhancing its market leadership. The combination of biospatial’s advanced analytics and FlowMSP’s pre-incident planning capabilities with ImageTrend’s robust software suite positions the company to continue driving innovation in the EMS, rescue, and fire service industries.”
Founded in 2017, biospatial combines EMS electronic patient care reports (ePCR) with other healthcare data sources, leveraging proprietary analytics and machine learning to provide actionable intelligence for public and commercial healthcare entities. FlowMSP, founded in 2016, offers pre-incident planning software, enabling fire service teams to seamlessly collect and share critical building information for informed incident response.
About biospatial
Headquartered in Durham, NC, biospatial is a distinguished healthcare analytics business with an expansive data network. The company’s platform provides biospatial customers with near real-time access to electronic patient care reports (ePCR) for EMS transports from thousands of EMS providers in over 40 US states. biospatial collects and curates over 100,000 new ePCRs daily. Utilizing proprietary analytics and machine learning, biospatial supports customers across multiple industries, enhancing awareness, informing decisions, and improving outcomes.
About FlowMSP
FlowMSP is a pre-incident planning software platform for the fire service with approximately 500 customers. The company innovates better ways for the fire service industry to collect critical building information and use it for informed incident response.
About ImageTrend
ImageTrend transforms incident data into actionable intelligence, empowering frontline teams to effectively manage surging demands and resource constraints, driving impactful change in the communities it supports.
Founded in 1998, the company serves more than 3,000 customers including 20,000 agencies across Fire, Emergency Medical Services and Hospital segments. With its deep industry knowledge and advanced data analytics capabilities, the software provider helps its customers streamline operations, shape long-term strategies, and dramatically improve outcomes. Its comprehensive software solutions and dedicated team provide the confidence and intelligence first providers need to tackle today’s challenges and prepare for tomorrow’s uncertainties.
About WCAS
Welsh, Carson, Anderson & Stowe (WCAS) is a leading private equity firm focused on two target industries: technology and healthcare. Since its founding in 1979, the firm’s strategy has been to partner with outstanding management teams and build value for its investors through a combination of operational improvements, growth initiatives, and strategic acquisitions. The firm has raised and managed funds totaling over $33 billion of committed capital. For more information, please visit www.wcas.com.
