Escalate Capital Partners announced today that it has completed a $6 million debt financing for Healthx, a provider of online healthcare portals to health insurers, medical providers and employers.
The financing follows an announcement by Frontier Capital on Jan. 5 that it had partnered with Healthx’s management team to do a majority recapitalization of the company. Frontier invested $22 million in that round.
Healthx, founded in 1998, is based in Indianapolis, Ind.
Escalate Capital Partners is pleased to announce our investment in Healthx
Healthx is a leading provider of online healthcare portals to health insurers, medical providers, and employers. The company’s software-as-a-service (SaaS) technology platform provides over 13 million health plan members and 425,000 physicians with a central data repository for key, real time information such as healthcare claims, benefit plan design, and eligibility data. By utilizing Healthx’s portal solutions to communicate with members and providers, health plan clients reduce administrative costs and improve satisfaction of their members and providers. Based in Indianapolis, IN, the company partnered with Frontier Capital to effect a majority recapitalization and support the company’s next phase of growth.
Escalate Capital Partners is an institutionally backed mezzanine fund that invests in high growth companies and is an ideal partner at the critical growth phase in a company’s lifecycle, offering patient capital tailored to each company’s unique needs. Escalate Capital has built a track record as a valued and committed partner through periods of robust growth and economic uncertainty. The Escalate Capital investment team has a combined 75+ years of experience and has invested more than $2 billion in over 500 companies.
Please review our Overview and Case Studies to learn more about how we support growth companies.
For additional information, feel free to contact us.