TripleTree Advises Interactive Health Solutions, Inc. in its Sale to CI Capital Partners
October 24, 2011
Minneapolis, MN: October 2011 – Triple Tree is pleased to announce that its client Interactive Health Solutions, Inc, an industry-leading, NCQA-accredited provider of health and wellness solutions and compliance programs, was acquired by CI Capital Partners.
IHS develops and offers wellness programs to employer groups focused on helping individual participants take accountability for their health, which over time, lowers healthcare costs for its customers. The IHS offering, which includes onsite biometric screening, telephonic health coaching and health compliance program management, has multiple benefits, including enhancing business performance, reducing the cost of medical benefits and increasing workforce productivity. IHS works with more than 1,000 fully-insured and self-insured companies, with over one million total employees. The company was founded in 1991 by Jim Banks, who will remain a member of IHS’s Board and be active in supporting the company’s growth. Joe O’Brien will continue as the company’s Chief Executive Officer.
With rising healthcare costs, employers are increasingly adopting compliance programs to improve employee health engagement and drive meaningful results from their health investments. IHS engaged TripleTree to assist the company in selecting a capital partner that could help it take advantage of a rapidly growing market opportunity while providing liquidity to long-time shareholders.
“Our work with Triple Tree resulted in an extraordinary outcome for IHS’ shareholders,” said Joe O’Brien. “Throughout our work together, Triple Tree consistently went above and beyond to assist our team and represent our best interests. We are extremely excited for our next stages of growth.”
“IHS provides employers’ populations with critical health information that unfortunately is not available to most individuals,” said Peter Erickson, Managing Director at Triple Tree. “Program compliance is key in addressing today’s evolving healthcare demands. Through its philosophy of measure, monitor, and reward, IHS gives participants the information, tools, and motivation to engage in their health. CI Capital’s investment comes at a terrific time in IHS' growth where the company is well-situated to scale with an experienced investor.”
CI Capital’s ability to leverage IHS’ capabilities as a wellness platform while providing strategic insight and financial resources represents an ideal partnership going forward, and will enable IHS to reach more individuals who will benefit from these important services.
TripleTree, LLC is an independent investment bank focused on mergers and acquisition, financial restructuring, and principal investing services. For over a decade, the firm has worked with high-growth, innovative, technology-enabled businesses in healthcare and other industries. Since 2009, TripleTree has represented transactions totaling more than $3.5 billion of enterprise value in the healthcare IT and services space.
Interactive Health Solutions, Inc. (IHS) provides turnkey population health management programs to companies nationwide. Program services are clinically based and fully HIPAA compliant. The year-round IHS program includes annual, on-site health evaluations; individualized health goals; in-person courses and online information about specific conditions; as well as full program administration, record keeping and reporting. IHS employs a national staff of medical professionals (physicians, phlebotomists, counselors, nurses and others) that administer the tests. IHS then reviews and recommends courses of action. The company maintains a comprehensive database and a virtual medical file for each participant. For more information, contact IHS at 800-840-6100, or visit www.healthiestcompanies.com.