April 19, 2013
Greenwich, CT and Indianapolis, IN — Great Point Partners I portfolio company, Health Systems International (“HSI”), a trusted leader in payment integrity solutions, announced today the appointment of Scott Mingee as chief executive officer effective April 8, 2013. Mr. Mingee brings more than 22 years of relevant industry experience to this new role having previously served as group president, health care provider solutions at Xerox Services. Prior to Xerox, he worked as chief information officer of Outsourced Administrative Systems (OASYS) and held a variety of positions within the Anthem Blue Cross Blue Shield family of companies. Mr. Mingee replaces Russell W. Sherlock, Health Systems International’s co-founder and chairman of the board, who has served as chief executive officer since April 2004.
“We welcome Scott’s experience and leadership to Health Systems International,” said Mr. Sherlock. “Scott’s background, industry relationships and vision make him well-equipped to extend our track record of industry leading growth and innovation. We are delighted to find someone with his passion and record of accomplishments to join and lead our company.”
“Health Systems International is at the forefront of ensuring accuracy in health care reimbursements. Over 400 industry payers utilize our solutions to lower their health care spend and ensure cooperative relationships with the providers who serve their members,” said Mingee. “I am excited to be part of Health Systems International and building on our core solutions, data and technology to extend our vision into payment integrity through analytics, avoidance and payment transparency. 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. Our holistic approach, pay-for-performance model and capacity for advanced analytics combined with the speed and scale to deliver, makes HSI a natural partner for any health care business.”
About Health Systems International
Health Systems International lowers health care costs for clients through payment integrity solutions and analytics. The company serves organizations located throughout the U.S. and internationally. Health Systems International is backed by Great Point Partners, LLC, a leading health care investment firm and is recognized nationally by Inc. Magazine and Modern Healthcare as a leading high-growth company in health care. Visit www.us-hsi.com for more information.
About Great Point Partners
Great Point Partners (“GPP”), based in Greenwich, CT, is a leading health care investment firm with approximately $600 million of equity capital under management. The HSI investment was made from GPP I, a fully committed $156 million lower middle market buy-out fund. GPP is currently investing from GPP II, which is targeted at $200 million.
Great Point manages capital in public and private 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 behavioral health, biologics manufacturing, life sciences, health care services, hospital outsourcing, information technology, medical devices, 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.