MINNEAPOLIS – January 5, 2017 – TripleTree, LLC, a strategic advisor and healthcare merchant bank serving innovative and market-leading companies, is pleased to announce that its client Healthx, the leader in cloud-based digital engagement solutions for healthcare payers and other stakeholders, has received a strategic growth investment from JMI Equity.
Founded in 1998, Healthx connects healthcare payers with members and providers through digital portals, helping stakeholders navigate the healthcare journey and facilitating true collaborative care. The Healthx platform provides self-service member and provider tools that reduce administrative costs for payers, as well as solutions that better enable payers to manage changing regulatory requirements. In addition, Healthx’s engagement solutions help members manage and improve their health through tools such as wellness management and telemedicine.
“Healthx is at the center of several industry forces, creating the need for new solutions that better enable enhanced interaction, collaboration and access across payers, providers and consumers. With a streamlined user experience, Healthx provides access to more robust patient information that result in greater engagement, cost reduction, and improved outcomes,” said Peter Erickson, Managing Director at TripleTree. “We are excited for Healthx and the new partnership with JMI Equity that positions the Company for their next phase of growth.”
“The growth investment from JMI Equity comes at a time of sustained growth for Healthx, not just in terms of market share, but particularly around product development to deliver the sophistication and engagement tools needed to improve healthcare,” said Sean Downs, CEO of Healthx. “As we considered strategic options for Healthx, TripleTree was a powerful resource. The strength and experience of the TripleTree team combined with their thoughtful management of the investment banking process resulted in this successful outcome, positioning Healthx to further improve healthcare through innovative digital engagement.”
TripleTree acted as the exclusive financial advisor to Healthx for this transaction.
About TripleTree
TripleTree is an independent merchant bank focused on mergers and acquisitions, growth capital, recapitalizations, strategic advisory and principal investing. Since 1997, the firm has advised and invested in some of the most innovative, high-growth businesses in healthcare. For more, visit www.triple-tree.com.
About Healthx
Healthx provides the healthcare industry's leading digital engagement platform connecting our payer customers to their consumer, provider, employer and broker constituents. As an innovator in cloud-based technology, Healthx supports over 180 payers representing 24 million members and 700,000 providers. Our engagement expertise enables us to guide customers to achieve their business objectives by driving online portal and mobile app utilization and producing measurable ROI. The platform can integrate with over 150 third party applications, customized into a seamless user experience across the consumer engagement ecosystem including shop and enroll, managing benefits, cost transparency, payment processing, wellness, health education and other specialty content. Healthx is a proven and trusted partner, led by healthcare and technology experts passionate about delivering engagement solutions that drive outcomes. For more information, visit www.healthx.com. Follow Healthx on Twitter, LinkedIn and Facebook.