February 24, 2014
GREENWICH, CT and PORTLAND, ME — iVantage Health Analytics (“iVantage”), a Great Point Partners (“GPP”) II portfolio company and a leading provider of health analytic solutions, announced today that they have acquired Galloway Consulting, a strategic advisor to hospitals. This is the third acquisition that iVantage has completed since GPP’s initial investment in May of 2013.
Galloway specializes in helping hospital groups, physicians, and providers improve their operations, outcomes and profits. The firm was founded by Mitchell Galloway in 1998 and has assisted over 450 clients, including academic medical centers, national and regional hospital systems, as well as individual hospitals in rural and urban markets.
“Galloway Consulting has been a partner with iVantage for the past two years and we have seen compelling evidence that combining business intelligence and advisory services offers great benefits to our health care clients,” commented Mitchell Galloway, President and CEO of Galloway Consulting. “The dynamics of the new health care have generated market demand for an integrated source of advanced business analytics and expert counsel. Adding our advisory services and deep industry expertise to the integrated VantagePoints™ platform will offer the industry the best of both worlds.”
Brett Carlson, a Senior Vice President of Great Point Partners commented “We are proud of what iVantage has achieved to this point, and we believe that that this next chapter with Galloway Consulting will enhance the range of solutions offered to iVantage’s customers.”
About Galloway Consulting
Galloway Consulting is a consulting services company specializing in Accelerated Health Care Transformation™; a proprietary model ensuring rapid results for hospitals. The company uses proven methods and extensive experience to help health care organizations improve every dimension of performance in a sustainable way – quality, safety, service, volume, revenue, cost, and patient flow. They employ renowned professionals with decades of practical understanding and skills in accelerated turnaround and transformation to support a broad array of advisory services.
About iVantage Health Analytics
iVantage, a Great Point Partners II portfolio company, is a leading provider of health care informatics and business analytics solutions that transform complex data into actionable business intelligence. The VantagePoints™ platform is used by hospital management teams to drive empirical and evidence based decision making with cloud-based applications. These products are positioned to meet the needs of a today’s health care market, which requires meaningful data to support new compliance based requirements and the operational challenges of the Patient Protection and Affordable Care Act (“PPACA”).
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 $700 million of equity capital under management and 23 professionals. GPP is currently making new private equity investments from GPP II, which has closed on $215 million in commitments. Great Point manages capital in private (GPP I, $156 million and GPP II) and public equity (BMVF, approximately $325 million) 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 biologics and pharmaceutical infrastructure, devices and diagnostics, health care services, hospital outsourcing, information technology, 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