September 19, 2011
GREENWICH, CT AND INDIANAPOLIS, IN – Inc. magazine has ranked locally based Health Systems International No. 69 in the health category of its annual Inc. 500|5000, an exclusive ranking of the nation’s fastest-growing private companies.
Health Systems International, a Great Point Partners I portfolio company, provides medical cost management solutions to healthcare payors in multiple markets throughout the world. Founded in Indianapolis in 2004, the company employs approximately 220 people. Revenue in 2010 was $42.1 million, a 298 percent increase over 2007 revenue of $10.6 million.
The company connects clients to the lowest possible cost of care, utilizing advanced technology, customized solutions, exclusive offerings, and personalized service to drive optimal savings and reduce administrative demands.
Inc.’s list represents the most comprehensive look at the most important segment of the economy—America’s independent entrepreneurs. “This ranking is a great recognition for our company and our employees,” said Russell W. Sherlock, Chief Executive Officer of Health Systems International, “but even more important is the central truth behind this recognition: Our clients are saving millions of dollars on healthcare. That is the greatest measure of our success.”
In a stagnant economic environment, median growth rate of 2011 Inc. 500|5000 companies remains an impressive 94 percent. The companies on this year’s list report having created 350,000 jobs in the past three years, and aggregate revenue among the honorees reached $366 billion, up 14 percent from last year.
About Health Systems International
Health Systems International provides medical cost management solutions to healthcare payors in multiple markets throughout the world. The company connects clients to the lowest possible cost of care utilizing advanced technology, customized solutions, exclusive offerings, and personalized service to drive optimal savings and reduce administrative demands.
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, 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.