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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.