NextGen Growth Partners has made an investment in Record Connect, a provider of release of information services for hospitals, clinics and physician offices across the Midwest. No financial terms were disclosed.
CHICAGO–(BUSINESS WIRE)–NextGen Growth Partners (NGP) announced its investment into Record Connect, Inc. (“Record Connect”). Record Connect (www.recordconnectinc.com) is a leading provider of release of information services for hospitals, clinics, and physician offices across the Midwest, with offices in Illinois and Michigan.
NGP made the investment into Record Connect on November 12, 2019. Concurrent with the acquisition, NGP named Entrepreneur-in-Residence Drew Daum as CEO of Record Connect. “The partnership between NGP and Record Connect is one based on shared core values and vision. Record Connect has developed a strong reputation for its service, and we are committed to advancing its core capabilities with a patient-centric approach. We will be investing heavily in our foundational technology to maintain our high-touch service model even while we grow our platform. Together, we will be a leading provider in this ever-evolving industry,” said Daum.
Record Connect Founder Ty Humpert will remain active in business development in the company and has been appointed to the newly formed Board of Directors.
“Record Connect has always been a company focused on our clients, our technology, and our talented associates. I am honored to be partnering with NGP and I will continue working to support the company’s growth to be the premiere release of information service provider,” said Humpert.
“We are thrilled to partner with Record Connect and about the significant growth opportunities with Drew Daum at the helm,” said NGP Managing Partner Brian O’Connor. “I am excited to see what’s ahead for Drew, Ty and the amazing Record Connect team.”
About NextGen Growth Partners
Headquartered in the West Loop neighborhood of Chicago, NextGen Growth Partners is a private equity firm that partners with the best and brightest entrepreneurial talent to acquire, operate, and grow lower middle market businesses across a variety of industries. The team has a strong track record of creating value through growth and operational improvement in middle market businesses. For more information, please visit www.nextgengp.com.