December 12, 2011
GREENWICH, CT and HUDSON, OH – Great Point Partners I portfolio company, Aris Teleradiology (“Aris”), today announced the appointment of Paul M. Black, the former COO of Cerner, as Chairman of Aris Teleradiology. From 1994 to 2007, Cerner grew from $120 million in sales to $1.5 billion. During the ten years he was responsible for top line growth, the 10 year revenue CAGR was 21% and the 10 year EPS CAGR was 25%. Mr. Black is also Chairman of the Board at Truman Medical Centers, an Adjunct Professor of Business at the University of Missouri – Kansas City and a Board member of Great Point Partners I portfolio company Biotronic NeuroNetwork, an outsourced provider of intraoperative neuromonitoring services.
Carl Kozlowski, CEO of Aris indicated, “Aris has been experiencing rapid business growth since its founding in 2007, and the equity financing from Great Point Partners will help accelerate this growth plan. As we expand our geographic footprint and service offerings, we wanted to add an executive with an understanding of the use of health care information technology (“HCIT”) at hospitals and a track record in driving organic growth in sales to hospitals.”
Mr. Black added, “Aris is committed to providing the highest quality professional radiology services and is well-positioned to accelerate its growth plan. I am excited to become the Chairman of Aris and help the Company transition to a national provider of professional radiology services.”
About Aris Teleradiology, LLC
Founded in 2007 and headquartered in Hudson, OH, Aris provides professional radiology services to patients, surgeons and healthcare institutions. The Company is a Joint Commission certified radiology services company. Aris works in concert with local hospitals and radiology groups to provide a comprehensive hybrid solution to its clients by providing high quality radiologists, 24/7 sub specialty coverage, 24/7 operations support, and quality assurance data. Aris’ breadth of service and discipline allows it to deliver high quality patient care in a cost-effective manner to the hospitals, and other health care payors. Visit Aris Teleradiology, LLC for additional information.
About Great Point Partners
GPP, based in Greenwich, CT, is a leading health care investment firm with approximately $450 million of equity capital under management. The firm manages capital in public (the Biomedical Value Fund) and private equity funds (GPP I – a $156 million private equity fund). Great Point Partners has provided growth equity, growth recapitalization, and management buyout financing to more than 100 health care companies. The private equity fund invests in profitable companies across all sectors of the health care industry including behavioral health, biologics manufacturing, health care services, hospital outsourcing, information technology, life sciences, media and reagents, medical devices, rehabilitation, 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.