HealthMark Group, a provider of clinical information exchange solutions, announced a strategic investment from TA Associates to boost its growth and enhance healthcare data exchange using advanced technology. Management and Ridgemont Equity Partners will also hold ownership stakes, with TA as the new lead investor.
Founded in 2006, HealthMark’s platform facilitates outsourcing clinical information requests from various sources, integrating with over 60,000 providers, 5,000 facilities, and 100+ EMR systems nationwide.
The company has processed over 20 million data requests, helping hospitals move from manual to digital processes.
Financial details were not disclosed.
KEY QUOTES:
“TA’s belief in our vision has been evident for years, as they’ve closely followed our progress and laid the groundwork for this collaboration. With deep expertise in scaling healthcare technology businesses, their partnership, along with the continued support from Ridgemont, marks a pivotal moment for our company, positioning us to expand our capabilities and broaden our market reach. Together, we will continue transforming the patient information journey by driving efficiency, interoperability, and compliance to increase quality of care across the healthcare industry.”
Bart Howe, CEO of HealthMark
“HealthMark’s technology offers a compelling value proposition for providers and requestors alike. By streamlining clinical information exchange, requestors benefit from lower costs and faster access to fragmented clinical data. At the same time, providers gain meaningful administrative efficiencies, reduced compliance risk, and stronger patient satisfaction. We are proud to support HealthMark’s mission to further automate a mission-critical healthcare information workflow and ultimately drive better outcomes for patients across the healthcare ecosystem.”
Ethan Liebermann, Managing Director and Head of the North America Healthcare Group at TA
“We have spent considerable time assessing the broader healthcare interoperability landscape, focusing on scalable solutions that solve the complexities of structuring and exchanging fragmented healthcare data. We’re thrilled to partner with Bart, Ridgemont, and the exceptional HealthMark team as they continue to lead innovation in this critical area of healthcare infrastructure.”
Eric Zagorski, Senior Vice President at TA
“Since our investment, HealthMark’s footprint has expanded from three to 49 states, and its technological capabilities have advanced significantly. We’re immensely proud of our partnership with Bart and the entire management team, and by partnering with TA, we’re even more excited to deepen interoperability, unlock new efficiencies for providers, and elevate patient care in the years ahead.”
Anthony Cassano, Partner at Ridgemont Equity Partners
