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Health Systems International Rebrands Company as Equian Amid Record Growth
Introduction
GREENWICH, CT and INDIANAPOLIS, IN — Health Systems International, a Great Point Partners I, L.P. (“GPP I”) portfolio company, announced it is changing its name to Equian. The new name unifies the meaning behind the payment integrity solutions the company offers.
Key elements that were integrated as the foundation of the new name include: Equity (fair and accurate payments), Quality (best outcomes and pay for performance model), Insight (research, data and development in the changing health care environment), and Analytics (actionable data for informed business decisions).
“In 2004, Health Systems International began delivering medical cost management solutions to payors throughout the health care and workers’ compensation markets,” said Scott Mingee, CEO. “With all the changes and complexities in the health care market, we saw a lot of opportunity to increase the value we provide to customers by accelerating our investment and focus on the payment integrity market. Our core platform in pre-payment, post-payment, and data analytics provides a unique solution to our markets. With a 100% focus on driving the best financial outcomes for our clients in all areas of the reimbursement cycle, we decided to re-align our name to match our mission.”
“Since our growth recapitalization in 2007, Equian has grown revenue approximately seven-fold over six years,” added Jeffrey R. Jay, MD, Managing Director of Great Point Partners. “Equian has the highest quality products and best customer service in the world, which is why they are experiencing such phenomenal growth. We are pleased to be their partner.”
About Equian
Equian is health care information services company focused on lowering the cost of care by eliminating waste. Our nation’s most pressing challenge is the rising cost and affordability of health care, and Equian’s efforts are dedicated to that challenge. The Company provides pre-payment, post-payment, and data analytic solutions for payors to ensure health care interactions are paid accurately at the lowest possible cost. www.equian.com
About Great Point Partners
Great Point Partners (“GPP”), founded in 2003 and based in Greenwich, CT, is a leading health care investment firm with approximately $750 million of equity capital under management and 26 professionals, investing in the United States, Canada, and Western Europe. GPP is currently making new private equity investments from GPP II, which has closed on $215 million in commitments. Great Point manages capital in private (GPP I, $156 million, and GPP II) and public (BMVF, approximately $370 million) equity funds. Great Point Partners has provided growth equity, growth recapitalization, and management buyout financing to more than 100 health care companies. Both the private and public funds invest across all sectors of the health care industry including biologics and pharmaceutical infrastructure, devices and diagnostics, health care services, hospital outsourcing, information technology, specialty pharmaceuticals, and workers compensation. The firm pursues a proactive and proprietary approach to sourcing investments. Reach Great Point at 203-971-3300. www.gppfunds.com
This document is intended solely to provide information regarding Great Point Partners’ potential financing capabilities for prospective portfolio companies.