Centauri Health Solutions, a Scottsdale, Arizona-based provider of healthcare software and services, has paused its sale process, according to three sources familiar.

The Abry Partners-backed company was pursuing a sale earlier this year alongside William Blair, as reported by Mergermarket. However, it recently shelved its process after potential buyers expressed concerns around valuation as well as on how its multiple lines of business complement each other, said some of the sources.

Founded in 2014, Centauri offers services to payors and providers across all healthcare programs, including Medicare, Medicaid, Commercial, and Exchange, according to its website.

This is an increasing challenge, not unique to Centauri, when a company is not a pure play, the buyer universe shrinks as a result since it does not fit their portfolio completely, said one of the sources.

When Centauri launched its process, the company was seeking bids of at least USD 1bn, but it appears it did not receive offers that met its valuation expectations, said the sources.

Centauri was marketing itself off significantly north of USD 60m in EBITDA and generates over USD 200m in revenue, as previously reported.

In the meantime, Centauri is looking at an acquisition and may restart the process later next year, said one of the sources.

In 2020, Abry acquired a majority stake in Centauri. In late 2021, Centauri acquired Secure Exchange Solutions, a Rockville, Maryland-based health information technology provider focused on physician connectivity and clinical data exchange. A year earlier, the company acquired Ivy Ventures, a Virginia-based healthcare growth solutions company focused on developing referral-driven service lines and improving care coordination.

William Blair declined to comment. Centauri, Abry did not respond to requests seeking comment.