Long Ridge Equity Partners has made an undisclosed investment in Burlington, Massachusetts-based Ametros Financial Corp, a provider of post-settlement medical administration solutions. As a result of the investment, Clarion Capital Partners will remain a significant shareholder in Ametros.
WILMINGTON, Mass— Ametros Financial Corporation, the industry leader in post-settlement medical administration, announced today that it has received a growth capital investment from Long Ridge Equity Partners. The investment from Long Ridge will support Ametros’ continued growth and allow the company to further enhance its world-class product and service offerings.
Founded as an independent company in 2010, Ametros provides settlement recipients and self-pay individuals (its “members”) with a broad set of financial and medical management tools, including integrated medical administration tools and reporting, seamless and automated payment technology, and access to significant healthcare discounts for pharmaceuticals, provider visits, and medical equipment.
Ametros has become a trusted partner for thousands of members receiving funds from workers’ compensation and liability settlements, in addition to providing services and solutions for all parties in the settlement process, including plaintiff attorneys, insurance carriers, employers, third party administrators, and structured settlement brokers. With its core products, CareGuard and Amethyst, Ametros enables its members to approach settlement and lifelong financial and medical management with confidence and security. Ametros’ services are frequently useful for settlement recipients needing help administering a Medicare Set-Aside, but can be used to help administer any allocation of self-pay medical funds.
“We are excited to partner with Long Ridge as we enter our next phase of growth,” Ametros CEO and board member, Marques Torbert, said. “We see tremendous opportunity ahead and remain focused on ensuring that our members receive the best care possible while maximizing their savings. We chose Long Ridge as a partner due to its successful track record of partnering with high-growth companies, as well as its shared vision for Ametros’ potential. We look forward to working together and leveraging its deep domain expertise.”
“We are impressed by Ametros’ dedication to its members and ability to improve their lives and health,” said Jim Brown, Long Ridge’s Managing Partner. “The Company plays an important role in supporting its members as they navigate a rapidly evolving insurance, settlements, and healthcare landscape. We look forward to working closely with the Ametros team as they continue to help injured workers and others who need thoughtful, efficient management of medical care.”
Clarion Capital Partners, LLC, an existing investor in Ametros, will remain a significant shareholder in the company going forward, and Eric Kogan, a Partner at Clarion, will continue to serve on Ametros’ board of directors. “We look forward to welcoming Long Ridge to the Ametros team,” Kogan said “and we are excited to continue our partnership with Marques and his management team as they embark on their next chapter of growth.”
ABOUT AMETROS FINANCIAL CORPORATION
Ametros is changing the way individuals navigate healthcare by providing them with the tools and support necessary to make savvy decisions on how to spend their medical funds. Ametros’ team works closely with patients, insurers, employers, attorneys, medical providers and Medicare to create a seamless experience for their clients and members. Their depth of expertise in the Medicare Set Aside, property and casualty insurance, healthcare, legal, financial and software industries positions them to offer the best solutions in the marketplace. Their flagship products, CareGuard and Amethyst, are revolutionizing the way funds from insurance claim settlements are administered after settlement, for Medicare Set Aside accounts and any medical allocation, large or small.
To learn more about Ametros, please visit: www.ametroscards.com.
ABOUT LONG RIDGE EQUITY PARTNERS
Founded in 2007, Long Ridge Equity Partners is a private investment firm focused on financial services and business services. Leveraging deep sector knowledge and an extensive network of industry resources, Long Ridge serves as a value-added partner to high-growth businesses. Over the last fifteen years, Long Ridge’s principals have sponsored some of the most successful growth companies in the financial and business services sectors, providing strategic resources and capital to drive profitable expansion. Long Ridge has raised over $400 million of committed capital.
For more information on Long Ridge Equity Partners, please visit www.longridgecap.com.