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Great Point Partners Makes Strategic Investment in Health Systems International
Strategic Investment in Leading Medical Cost Management Company to Accelerate Future Acquisitions and Organic Growth Initiatives
November, 2007 | Minneapolis |
TripleTree, LLC is pleased to announce that Great Point Partners, LLC (GPP), a private investment firm focused in healthcare, has made a strategic investment in Health Systems International, LLC (HSI). HSI is a healthcare information technology company offering BPO cost management solutions to payors and networks around the world. HSI solutions relieve clients' administrative burden and achieve the lowest possible cost of care.
As part of their investment, GPP Managing Director Christopher M. Laitala and Jeffrey R. Jay, MD, will join the HSI Board of Directors with Russell W. Sherlock, HSI President and CEO, and A. John Ansay, HSI Executive Vice President.
"We evaluated many potential partners to help us achieve our vision,” said Russell Sherlock. “The Great Point Partners team stood out amongst the field. Their track record of successful healthcare investing, strong business relationships, and capital resources necessary for our desired growth were unmatched. We look forward to an experienced partner helping us grow our company and expand our service."
Christopher Laitala of GPP affirmed, "We are pleased to be partnering with HSI's exceptional team. They are uniquely positioned to become the leading provider of medical cost management solutions. The company has strong management, blue chip customers, and a solid blueprint for growth. This foundation serves as an excellent platform for future acquisitions and organic growth initiatives. We share management's excitement and look forward to working together to build a market leading position."
TripleTree acted as exclusive financial advisor to HSI. "HSI and GPP have formed a formidable team within the Medical Cost Management market. GPP fully supports the management team’s vision of building the leading provider of cost containment solutions to its payor and network clients. Likewise, HSI’s management is excited to leverage GPP’s significant industry expertise and resources to help execute on its strategic plan,” said TripleTree Senior Principal Peter Erickson.
To read the case study, click here or visit the Engagement section of our website.
TripleTree, LLC is a research-based investment bank serving growth companies, investors and global acquirers. TripleTree conducts proprietary research that guides our work in M&A, growth capital and financial advisory services. Our value-based approach benefits technology-enabled businesses in sectors where delivery models are converging technology and services, and all sectors where CEO’s and investors are in search of creative ways to disrupt markets and unleash value.
TripleTree’s unique personality is shaped by the experience of our principals who as former business builders and transaction professionals create strategic outcomes that maximize value for our clients. The firm is located in Minneapolis. |
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