InTandem Capital Partners, a healthcare services-focused private equity firm, announced that it has completed a strategic equity investment in Healthfuse, the industry leader in revenue cycle vendor management.
Launched in 2011 and based in Milwaukee, Wisconsin, Healthfuse combines proprietary technology, analytics, and research to improve vendor performance, optimize collections and reduce costs for its healthcare organization clients. And over its history, Healthfuse has delivered more than $1.5 billion in bottom-line improvements for its clients.
Goodwin Procter served as legal counsel to InTandem Capital, and TripleTree served as the Firm’s exclusive financial advisor. Cantor Fitzgerald served as the company’s exclusive sell-side financial advisor and Bass, Berry & Sims served as legal counsel to Healthfuse.
KEY QUOTES:
“I am proud of our team’s success over the past several years and believe that InTandem’s investment is a recognition and validation of our mission: protecting and strengthening the bottom line for hospitals so they can protect and strengthen their patient communities. InTandem’s investment approach matches our values at Healthfuse and their unique operational capabilities and exclusive healthcare focus will allow us to continue to build our Company at a tempo that matches our passion.”
- Nick Fricano, Co-Founder and CEO of Healthfuse
“In an environment where hospital and health systems are under constant pressure, and nearly one in every six healthcare claims are initially denied by payors, better revenue cycle management solutions are desperately needed. Outsourcing RCM functions is not nearly enough to deliver meaningful improvement, and Healthfuse is the antidote, delivering proprietary, data-driven insights and a client services team to roll up their sleeves next to their provider partners. We’re thrilled to partner with Nick Fricano and the Healthfuse team to further Healthfuse’s leadership position in delivering performance excellence in the healthcare revenue cycle.”
- Brad Coppens, Senior Partner at InTandem Capital
