Health Data Innovations: Strategic Investment From Hughes & Company Raised

By Dan Anderson • Oct 10, 2023

Health Data Innovations, LLC (HDI) – a leading healthcare data integration platform serving value-based care providers and payers – recently announced a strategic investment from Hughes & Company, a Chicago-based private equity firm focused on healthcare software and technology-enabled services. Bowen acted as an exclusive financial advisor to HDI.

This investment will support HDI’s delivery of its differentiated data integration offering to a broader market of healthcare providers and payers. And with growing demand for HDI’s claims data management from value-based care stakeholders – including population health software providers – the investment will enable HDI to pursue and support additional strategic partnerships.

KEY QUOTES:

“This is an exciting time for HDI’s clients, employees, and strategic partners. This investment will allow us to build on our success with access to additional resources. It was important that we find a partner who shares our vision and focus on delivering real results for clients. We are delighted to be working with Hughes & Company for our next phase of growth.”

  • Jonathan Kaye, CEO and Founder of HDI

“When we look for investments, we are looking for businesses like HDI and founders like Jonathan. HDI identified a market need and were uncompromising in the creation and delivery of a solution. We look forward to supporting Jonathan and his team with our firm’s resources, expertise, and network to allow more people to benefit from HDI’s platform.”

  • Matt Simas, Managing Partner of Hughes & Company

“A deep understanding of the market, excellence in execution, and the ability to bring perspectives from both sides of the table are the foundational elements of Bowen’s 10+ year-old healthcare practice. This engagement is a testament to Bowen’s dedication to delivering value to our clients and helping founder-owned companies achieve liquidity with great partners to build on their success.”

  • Paul Bowen, Bowen’s Founder & CEO