Silversmith Capital Partners has named Mark Briggs as senior adviser. Briggs is the former CEO of ABILITY Network.
BOSTON, January 5, 2017 – Silversmith Capital Partners (Silversmith), a growth equity firm focused on supporting the best entrepreneurs in technology and healthcare, announced today that Mark Briggs has been named a Senior Advisor of the firm. In this capacity, Briggs will contribute to the firm by offering industry insight, sourcing new investment opportunities, and providing strategic guidance to Silversmith portfolio companies.
“We have known Mark for years, having had the opportunity to work with him as he built ABILITY Network into one of the largest HCIT companies in the U.S.,” said Jeff Crisan, Managing Partner of Silversmith. “We are excited to have the opportunity to work with Mark again, and grateful for his commitment to Silversmith.”
Mark has over 20 years of healthcare and healthcare IT management experience, with an exceptional track record of achieving aggressive top and bottom line growth, creating shareholder value, and building market leading companies.
Most recently, Briggs was the Chief Executive Officer of ABILITY Network, a position that he held from 2010 to 2015. At ABILITY, he was responsible for developing the company’s overall strategic direction and leading the company’s rapid growth. ABILITY’s products cover administrative, revenue cycle management, and clinical applications, as well as analytics and performance tools. ABILITY serves customers in acute, skilled nursing, home health, hospice, and ambulatory markets, as well as a broad range of payors, including Medicare, Medicaid, and most commercial payers. In 2016, ABILITY was named to Forbes World’s Best 100 Cloud Companies List.
Prior to ABILITY, Briggs served as Chief Operating Officer of Carefx Corporation, a leading provider of interoperable clinical workflow solutions. Before Carefx, he held executive leadership positions in NaviNet, was the President of MPI Solutions at QuadraMed Corporation, and served as the Chairman and CEO of LinkSoft Technologies, a company that he founded. Briggs holds a Master’s in theoretical physics and a Bachelor’s degree in physics, both from Dartmouth College.
About Silversmith Capital Partners
Founded in 2015, Silversmith Capital Partners is a Boston-based growth equity firm with $460 million of capital under management. Silversmith’s mission is to partner with and support the best entrepreneurs in growing, profitable technology and healthcare companies. The firm seeks to invest $15 million to $50 million per company, with the ability to increase the equity commitment in select situations. Representative investments include ActiveCampaign, Digital Map Products, Impact Radius, Nordic Consulting Partners, and Partners Surgical. The founders have over four decades of collective investing experience and have served on the boards of numerous successful growth companies including ABILITY Network, Dealer.com, Liazon, Liberty Dialysis, MedHOK, Passport Health, SurveyMonkey, and Yapstone. For more information, visit www.silversmithcapital.co