July 16, 2009
GREENWICH, CT and INDIANAPOLIS, IN – Health Systems International (“HSI”), a global provider of outsourced medical cost management solutions, has just received the spotlight in the Indianapolis Business Journal’s Fastest Growing Indianapolis-Area Private Companies – coming in at number 9. View the full list of companies who were acknowledged in the IBJ’s Top 25 list on the second page of the link, http://www.us-hsi.com/files/Top%2025_Press%20Release.pdf.
Russell W. Sherlock, Chief Executive Officer of HSI, said, “We are pleased with our company’s progress and with HSI’s exceptional team. Our company is uniquely positioned to become the leading provider of medical cost management solutions. We have strong management, blue chip customers, and a solid blueprint for growth. This foundation serves as an excellent platform for future acquisitions and organic growth initiatives even in our current economic environment. I share all of HSI staff’s excitement about our IBJ ranking and look forward to continuing to work together as a team to build a market leading position.”
Jeffrey R. Jay, MD, Managing Director of Great Point Partners stated, “We congratulate the HSI team on their exceptional pay for performance model which has been embraced by the marketplace.” Noah Rhodes also of Great Point Partners and a member of HSI’s Board of Directors added, “The rapid growth of HSI stands out particularly in this time of general economic contraction.”
In the past two year period, HSI has expanded its solutions and the markets it serves. Solutions include PPO Access / Repricing, Bill Negotiation, Bill Review, Bill Auditing, Care Management, Rx, and Ancillary Cost Control. The Company’s solutions have been developed and customized to meet specific industry needs in the PPO, Maritime, Workers’ Compensation, Property and Casualty, HMO, Health Insurance Carrier, TPA, Self-funded, Reinsurer, and International Health Payor Markets.
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.