#United States #H.I.G. Capital #Miami #GetixHealth #RCM Solutions

H.I.G. Capital Completes Acquisition of GetixHealth

In a significant move within the healthcare sector, H.I.G. Capital, a prominent global alternative investment firm managing $68 billion in capital, has successfully concluded its acquisition of GetixHealth, LLC. Known for its expertise in revenue cycle management (RCM), GetixHealth delivers essential services to healthcare providers. Among its comprehensive offerings are patient responsibility management, eligibility and enrollment, claims resolution, and insurance billing.

The strategic acquisition aims to bolster GetixHealth's capabilities, leveraging advanced technology and expertise honed over three decades. The services provided by GetixHealth not only enhance the patient experience but also streamline administrative processes and lower operational costs for healthcare providers. This acquisition is seen as a pivotal partnership aimed at improving cash conversion cycles and ensuring adherence to stringent regulatory requirements within the healthcare industry.

Kevin Lonergan, the CEO of GetixHealth, expressed excitement about the partnership with H.I.G. He noted, "Over the past ten years, we have invested heavily in our team and technological infrastructure to solidify GetixHealth's position as a front-runner among healthcare partners. Given the intricacy of the reimbursement landscape, we find healthcare providers increasingly seeking our expertise to navigate their revenue cycle challenges. H.I.G.'s resources and deep RCM knowledge will be instrumental in advancing our capabilities further."

Anthony Chambers, Managing Director at H.I.G., emphasized GetixHealth's crucial role in supporting healthcare providers, particularly the largest health systems in the nation. He stated, "We are deeply impressed by GetixHealth's exemplary reputation and capabilities. Our commitment extends to maintaining cutting-edge operational standards and continuous technology investment to ensure the best possible outcomes for all stakeholders involved."

About GetixHealth

Founded in 1992, GetixHealth is celebrated for its innovative approach to revenue cycle management in healthcare. With its headquarters located in Sugar Land, Texas, the company has transformed interactions between patients and healthcare providers while enhancing the financial effectiveness of its clients through its advanced RCM technologies. GetixHealth is dedicated to creating a seamless patient experience as its core operational ethos.

About H.I.G. Capital

Established in 1993, H.I.G. Capital stands as a leading alternative investment firm specializing in providing both debt and equity capital to middle-market companies. Operating from its Miami headquarters with multiple offices across major U.S. cities and several international locations, H.I.G. utilizes a value-added approach to its investments. The firm's diverse portfolio encompasses over 400 companies worldwide, with a strong focus on operational excellence and effective management practices.

As both firms prepare for their future collaboration, the successful acquisition reinforces H.I.G. Capital's commitment to investing in vital technologies and solutions within the healthcare space, ensuring a lasting impact on its clients and the industry at large. For more information about GetixHealth, visit getixhealth.com and for H.I.G. Capital, check out hig.com.