Investment Secured by HealthMark Group from TA Associates
In a significant move for the healthcare industry, HealthMark Group, a leading provider of clinical information exchange solutions, has received a strategic investment from TA Associates. This partnership positions HealthMark to accelerate its expansion, enhance its capabilities, and broaden its market reach[1].
Founded in 2006, HealthMark has spent considerable time assessing the healthcare interoperability landscape. Its platform, which facilitates outsourcing clinical information requests and integrates with over 60,000 providers, 5,000 facilities, and 100+ EMR systems nationwide, has been instrumental in helping hospitals move from manual to digital processes[1].
Bart Howe, CEO of HealthMark, stated that this partnership marks a pivotal moment for the company. He expressed that TA's investment will help HealthMark continue transforming the patient information journey by driving efficiency, interoperability, and compliance to increase quality of care across the healthcare industry[1].
Ethan Liebermann, Managing Director and Head of the North America Healthcare Group at TA, expressed his enthusiasm for the partnership. He noted that TA is focused on scalable solutions that address the complexities of structuring and exchanging fragmented healthcare data[1].
TA will become the new lead investor in HealthMark, with Management and Ridgemont Equity Partners also holding ownership stakes. Financial details of the investment were not disclosed.
Since TA's investment, HealthMark's technological capabilities have advanced significantly. The company has processed over 20 million data requests, and its footprint has expanded from three to 49 states[1].
Anthony Cassano, a Partner at Ridgemont Equity Partners, expressed pride in the partnership with HealthMark and Bart's management team. He stated that Ridgemont is excited to continue supporting HealthMark's growth[1].
Looking ahead, HealthMark aims to build on its existing network to further transform manual administrative processes into seamless digital exchanges of clinical information. This growth phase focuses on expanding HealthMark’s ability to handle clinical data requests and supporting hospitals, clinics, and other healthcare entities with digital solutions[1].
Partnering with TA, HealthMark is excited to deepen interoperability and elevate patient care in the years ahead.
In the realm of technology and health-and-wellness, HealthMark Group's significant advancements have been propelled by TA Associates' strategic investment, aiming to fuel further growth in finance and business. This expanded partnership will drive HealthMark's mission to elevate patient care and increase efficiency, interoperability, and compliance across healthcare industries.