SOURCE: Health Systems International

December 04, 2007 09:13 ET

Great Point Partners Makes Strategic Investment in Health Systems International, LLC

INDIANAPOLIS, IN--(Marketwire - December 4, 2007) - Great Point Partners, LLC (GPP), a private investment firm focused in healthcare, announced today a strategic investment in Health Systems International, LLC (HSI). HSI is a healthcare information technology company offering cost management solutions to payors and networks around the world. HSI solutions relieve clients' administrative burden and achieve the lowest possible cost of care.

As part of their investment, GPP Managing Directors Christopher M. Laitala and Jeffrey R. Jay, MD, join the HSI Board of Directors with Russell W. Sherlock, HSI President and CEO, and A. John Ansay, HSI Executive Vice President.

Russell W. Sherlock stated, "We evaluated many potential partners to help us achieve our vision. The Great Point Partners team stood out amongst the field. Their track record of successful healthcare investing, strong business relationships, and capital resources necessary for our desired growth were unmatched. We look forward to an experienced partner helping us grow our company and expand our service."

Christopher M. Laitala of GPP said, "We are pleased to be partnering with HSI's exceptional team. They are uniquely positioned to become the leading provider of medical cost management solutions. The company has 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. We share management's excitement and look forward to working together to build a market leading position."

About HSI

Headquartered in Indianapolis, Indiana, HSI is a healthcare information technology company offering outsourced medical cost management solutions to health plan payors and provider networks around the world. Since 1987, HSI has utilized proprietary technology, experienced staff and the broadest selection of medical discount solutions to relieve client's administrative burdens and achieve the lowest possible cost of care.

About Great Point Partners

GPP, based in Greenwich, CT, is a leading healthcare investment firm with approximately $800 million of equity capital under management. It was founded in 2003 by senior members of the J.H. Whitney healthcare investment team, one of the oldest and most successful private equity firms. The firm manages capital in public and private equity funds across all sectors of health care including specialty pharmaceuticals, medical devices, biotechnology, and healthcare services. The firm pursues a proactive and proprietary approach to sourcing investments.

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