Periscope Equity LLC, Fidus Investment Corporation and Akoya Capital Partners invested in Inflexxion, which develops behavioral change programs that reduce health-related risks, improve clinical outcomes, influence quality of care and improve public health. Consilium Partners worked as financial advisor to Inflexxion.
Inflexxion, a company that develops behavioral change programs that reduce health-related risks, improve clinical outcomes, positively influence quality of care, and improve public health, announced today that it has received financial investments from Periscope Equity LLC, Fidus Investment Corporation, and Akoya Capital Partners. Consilium Partners, a Boston-based investment bank, acted as the exclusive financial advisor to the Company in connection with the transaction. The financial investment validates Inflexxion’s leadership position in the healthcare data analytics space, and positions the company for continued expansion.
“We are excited to work with our new investment partners,” said Simon Budman, PhD, CEO and Founder of Inflexxion. “By leveraging the financial experience and access to capital of our investors, the Inflexxion Management Team will be able to take advantage of new opportunities in the market and aggressively grow the company.”
Dr. Budman will continue to stay actively involved with Inflexxion by remaining in his current role of CEO and will serve on the board of directors. The board will have several other non-executive directors led by John J. Regazzi, Managing Director of Akoya Capital Partners and former CEO of Elsevier, Inc.
In addition to the investment, Thomas Hegelund joins Inflexxion as President. Previously, Mr. Hegelund was Senior Vice President and General Manager at Truven Health Analytics where he was responsible for the Clinical Solutions Division.
Founded in 1989, Inflexxion develops scientifically based, interactive technologies and collects data in innovative ways through clinical settings, Internet WebCrawler technology, and web-surveys regarding health status, health behaviors, health beliefs, and health outcomes. Partners and customers rely on Inflexxion for online programs that reduce health-related risks, enhance clinical outcomes, and positively influence quality of care. Inflexxion analyzes and disseminates health-related data for purposes of surveillance, risk management, epidemiological studies, quality improvement, and outcome measurement used by healthcare organizations and regulatory authorities to help improve care and inform public policy. Through education, Inflexxion changes behaviors by providing online, empirically driven, health-related approaches to healthcare providers, patients, and the general population in the areas of addiction and recovery, pain management, and prescription drug safety. For more information please visit http://www.inflexxion.com.
About Periscope Equity LLC
Periscope Equity LLC is a Chicago-based, lower-middle market private equity firm focused exclusively on making significant investments in technology-enabled business services companies. Periscope targets companies with distinct paths of growth, differentiated service offerings, and strong cash flow generation. Providing financial capital, industry knowledge, and operational expertise, Periscope partners with proven management teams to grow businesses, both organically and through acquisitions. For more information please visit http://periscopeequity.com.
About Fidus Investment Corporation
Fidus Investment Corporation provides customized debt and equity financing solutions to lower middle-market companies, which the Company generally defines as U.S. based companies having revenues between $10 million and $150 million. Fidus’ investment objective is to provide attractive risk-adjusted returns by generating both current income from debt investments and capital appreciation from equity related investments. Fidus seeks to partner with business owners, management teams and financial sponsors by providing customized financing for change of ownership transactions, recapitalizations, strategic acquisitions, business expansion and other growth initiatives. For more information please visit http://www.fdus.com.
About Akoya Capital Partners
Akoya is a private investment firm that sponsors transactions and invests in lower and middle market businesses with attractive growth prospects. At the core of their investment strategy is partnering with proven and talented operating executives across various industries as well as executing very specific strategies in four key industry sectors: Professional Information Services, Consumer Foods, Specialty Chemicals, and Consumer Products. For more information please visit http://www.akoyacapital.com.