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Great Point Partners Backed Citra Health Solutions Appoints Scott Sanner as Chief Executive Officer
Introduction
GREENWICH, CT and JACKSONVILLE, FL — Great Point Partners II portfolio company, Citra Health Solutions, a trusted provider of benefit administration technology solutions and care management services, announced today the appointment of Scott Sanner as Chief Executive Officer effective immediately. Mr. Sanner brings nearly 30 years of relevant industry experience to this new role having previously held positions at Change Healthcare including oversight of Communication & Payment Services, as well as Senior Vice President & General Manager of Accountable Care where he grew the ACO business by over 30 percent. Prior to that, Sanner was the Senior Vice President and General Manager of Technology Services at MED3000, Inc. and was responsible for the growth of MED3000’s Technology and Physician Services divisions. Sanner began his career at Misys Healthcare where he ultimately led the commercial operations of that business.
“We welcome Scott’s experience and leadership to Citra,” said Adam Dolder, Managing Director at Great Point Partners. “Scott’s background, industry relationships and vision make him well-equipped to extend the Company’s history of innovation and growth. We are delighted to find someone with his passion and record of accomplishments to join and lead the Company.”
“I am excited to join Citra as CEO where we will continue to create innovative solutions for healthcare payers and providers,” said Mr. Sanner. “Given my prior experience, I personally know the value of Citra’s technology and services platform, and look forward to delivering an enhanced experience to Citra customers. To remain relevant and competitive amidst unprecedented changes in today’s health care market, payers and providers alike will need a partner with their best interest in mind and that will be our mission.”
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 $1.1 billion of equity capital currently under management and 28 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. Great Point manages capital in private (GPP I, $156 million and GPP II, $215 million of committed capital) and public (BioMedical Value Fund strategy, approximately $750 million) equity funds. Great Point Partners has provided growth equity, growth recapitalization, and management buyout financing to more than 100 growing health care companies. The private equity funds invest across all sectors of the health care industry with particular emphasis on biopharmaceutical services and supplies, outsourcing and alternate site care, pharmaceutical infrastructure and information technology enabled businesses. The firm pursues a proactive and proprietary approach to sourcing investments and tuck-in acquisitions for its portfolio companies. Reach Great Point at 203-971-3300 or www.gppfunds.com.
About Citra Health Solutions
Citra provides a one-contract, connected solution for clinical, financial and administrative requirements. Solving for the needs of providers, payers, health systems and employers in the transition to value-based care, Citra empowers clients with proven technology, population health, analytics, care management, and administrative services to lower the cost of care and improve quality. Citra currently serves 6 of the top 7 Health Plans, 7 Fortune 500 Companies, 50+ IPAs and MSOs managing commercial, Medicare and Medicaid populations, and 100+ Provider Groups, Hospitals, Universities and Integrated Delivery Networks throughout the United States and in Puerto Rico.