Health Prime International – a provider of revenue cycle management (RCM) solutions for physician practices – announced that Aquiline Capital Partners LP has made a majority investment. Aquiline is a private investment firm that invests in financial services and related technologies, with over $10 billion in assets under management as of September 30, 2023.
Launched in 2004, Health Prime provides tailored RCM solutions to over 800 clients across 50 specialties. The company offers comprehensive end-to-end services through a multi-shore delivery model that differentiates it from its peers. Health Prime’s proprietary Datalytics and Prime Flow technologies are compatible with nearly all EMRs, generating valuable insights and driving powerful results for healthcare practices. The company has completed four acquisitions since 2019 and is well-positioned to continue to execute strategic M&A.
Guggenheim served as Aquiline’s lead financial advisor along with Lincoln and Rothschild. And Ropes & Gray served as Aquiline’s legal advisor. AB Private Credit Investors provided the unitranche debt financing to support the deal. TripleTree served as a financial advisor to Health Prime.
KEY QUOTES:
“We are excited to continue our growth trajectory with the support of Aquiline. Their deep network and experience within healthcare technology will be invaluable as we work together to achieve our long-term goals. This investment is not just a change in sponsorship but a strategic move to accelerate Health Prime’s growth and services.”
– Pranil Vadgama, CEO at Health Prime
“Effectively navigating the complexities of revenue cycle management is becoming increasingly critical for providers in today’s healthcare ecosystem. Health Prime’s unique tech-enabled delivery model has consistently produced successful outcomes for its clients. We look forward to partnering with Pranil and the Health Prime management team to execute our collective vision for the business.”
– Benedict Baerst, Partner at Aquiline
