BV Investment Partners today announced that it has made an investment in Health Information Designs (“HID”), a provider of primarily healthcare-related information technology and data analytics services to healthcare organizations. The investment in HID was made in partnership with the Gibson family, who founded the business in 1979. “We are pleased that the Gibson family has chosen BV as a partner, and we look forward to working with HID’s management team to help lead the company’s future development,” said Andrew Davis, a Managing Director at BV.
Health Information Designs provides drug utilization review, prescription drug monitoring, prior authorization and surveillance utilization review services to healthcare organizations. The company’s client base spans approximately 30 states and includes Medicaid agencies, state health department programs, and several commercial health insurance providers, managed care organizations and pharmacy benefit management organizations. Health Information Designs is headquartered in Auburn, AL (www.hidinc.com).
“HID is poised for growth as healthcare agencies and organizations migrate towards service providers that offer sophisticated business intelligence and information based solutions,” said Matthew Kinsey, a Principal at BV.
BV Investment Partners makes investments in US based companies active in the information and business services, communications and media industries. Since its founding in 1983, the firm has invested $2.6 billion in 75 companies. The firm was founded in 1983 and has offices in Boston, MA and New York, NY (www.bvlp.com).
Founders Investment Banking served as financial advisor to Health Information Designs.
