Trivest Partners Announces New Platform with Recapitalization of GetixHealth
Trivest Partners (“Trivest”) announces an investment in GetixHealth, LLC (“GetixHealth” or the “Company”), a rapidly growing provider of specialized outsourced revenue cycle management (“RCM”) solutions to hospitals, laboratories and physician groups across the United States and the Caribbean. Charles Bracken, the Company’s Chief Executive Officer, continues to own a significant portion of GetixHealth alongside Trivest and will lead the Company’s daily operations with the support of the current management team. The GetixHealth transaction represents the sixth platform company investment in Trivest Fund V, a $415 million fund dedicated to investing in Founder/Family-owned businesses.
Headquartered in Houston, Texas, GetixHealth specializes in assisting complex healthcare providers with the management and collection of payments from patients and insurance companies, by acting as a transparent extension of their business offices. The Company’s clients value GetixHealth’s in-depth knowledge and ability to provide increased cash flow while providing exemplary customer service and meeting compliance standards. Other service offerings include medical coding, third party receivables and resolution of workman compensation claims.
Charles Bracken believes that Trivest is the ideal partner for GetixHealth’s next stage of growth and development. “At the start of our process, Trivest positioned themselves as an open and transparent investment firm. From my experience, they delivered on that promise. We now collectively turn our attention to growing GetixHealth organically and through a disciplined add-on acquisition program. Our management, sales and support teams will remain intact so clients will continue to receive the same excellent service while we work to further enhance their overall experience.”
Jamie Elias, Partner with Trivest, commented, “We are very pleased to support Charles and his team in their growth and continued success.” Jorge Gross of Trivest added, “GetixHealth is ideally suited for our Firm’s capabilities. The Company has reached a size and scale that allows it to pursue several growth avenues ahead. The RCM space is growing and evolving and Trivest has the experience and financial resources to support GetixHealth as they offer more services to their existing clients in the coming years.”
GetixHealth is a healthcare business process outsourcing services (BPO) company serving the healthcare provider industry. The primary business of GetixHealth is to provide services and technologies to hospitals and physician groups in the areas of billing and collection of charges, and other services which are part of Revenue Cycle Management (RCM). The Company has over 300 employees with offices in Houston, Texas and Bangalore, India. Please visit www.Getixhealth.com
About Trivest Partners
Trivest Partners is a private investment firm that focuses on partnering with founder/family owned businesses in the United States and Canada. Since its founding in 1981, Trivest has completed more than 200 transactions, totaling more than $5.0 billion in value. For additional information, please visit www.trivest.com.
Jamie Elias and/or Jorge Gross, 305-858-2200