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ABRY Partners Invests In Executive Health Resources, Inc.
PHILADELPHIA (November 13, 2007) - Executive Health Resources, Inc.
(“EHR”) announced today that ABRY Partners, a Boston-based private
equity firm, has made an equity investment in the company. Executive
Health Resources, The Physician Advisor CompanyTM, is the leading
provider of expert medical management services to improve hospital
compliance and achieve revenue integrity. EHR Physician Advisors
provide hospitals and health systems with an outsourced operational and
clinical resource to address their greatest regulatory compliance and
financial issues. EHR comprises technology-enabled teams of physicians
with specialized expertise who provide daily support to hospitals and
physicians. EHR offers various regulatory compliance, concurrent
clinical denials management, retrospective clinical denials management
and length of stay management programs to more than 300 healthcare
institutions throughout the U.S.
“We are strong believers in companies that provide greater
efficiencies to the healthcare market. EHR has an attractive market
opportunity, and we are excited to partner with EHR’s proven management
team to seize that opportunity.” said Hilary Grove, principal of ABRY
Partners. ”EHR is excited to enter its relationship with ABRY and looks
forward to synergies that will fuel EHR’s continued growth in the
healthcare services and information sectors.” said EHR President &
CEO, Dr. Robert Corrato.
ABRY Partners is among the most experienced and successful
media-focused private equity investment firms in North America and
Europe. ABRY has completed over $18 billion of leveraged transactions
and other private equity and mezzanine investments, representing
investments in more than 450 media properties since 1989. EHR adds to
ABRY’s portfolio of healthcare service companies, including HealthPort,
Inc. and KnowledgePoint360. Other areas of investment by ABRY include
business-to-business media, information services, communications,
marketing services, publishing, education, cable television,
broadcasting, entertainment and other media and communications sectors.