August 9, 2010
GREENWICH, CT and INDIANAPOLIS, IN – Health Systems International (“HSI”), a global provider of outsourced medical cost management solutions, has just received recognition in the Indianapolis Business Journal’s Fastest Growing Indianapolis-Area Private Companies – coming in at number 3 (up from number 9 in the prior year). View the full list of companies who were acknowledged in the IBJ’s Top 25 list on the second page of the link, http://us-hsi.com/files/Fastest%20Growing%20HSI_July%202010.pdf.
Russell W. Sherlock, Chief Executive Officer of HSI, said, “Spiraling medical costs is one of the pressing issues of our time, and our sole purpose in life at HSI is to reduce the cost of that bill you receive from your physicians or your hospitals. The more we can save people money, the better off we are as a company.” When asked further about the Company’s recent growth and future prospects, Mr. Sherlock added, “We’re enjoying the growth, and it doesn’t show any signs of stopping.”
Jeffrey R. Jay, MD, Managing Director of Great Point Partners stated, “HSI has grown revenues four fold in the last three years due to strong customer demand for its best in class cost containment services. We congratulate HSI on the recognition they have received.” Noah Rhodes also of Great Point Partners’ private equity team and a member of HSI’s Board of Directors added, “HSI continues to invest in better technology and services for its clients in anticipation of their evolving needs and of this exceptional customer commitment we are justly proud.”
Headquartered in Indianapolis, Indiana, HSI is a leading provider of outsourced medical cost management solutions. HSI is backed by Great Point Partners, LLC, a private investment firm focused on medical and health care information services companies. Since 1987, HSI has utilized proprietary technology, experienced staff medical discount services to relieve clients’ administrative burdens and achieve the lowest possible cost of medical care. Visit www.us-hsi.com for more information.
About Great Point Partners, LLC
GPP, based in Greenwich, CT, is a leading health care investment firm with approximately $500 million of equity capital under management. The firm 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 biotechnology and life sciences, consumer health, generic drugs, health care services, information technology, insurance, 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.