Alpine Investors has made an investment in Optima Healthcare Solutions. Optima’s founding team will maintain a minority equity ownership position and remain active in the management of the company.
Optima provides therapy management software that is used by post-acute care providers to improve both patient outcomes and operating efficiencies. The company’s leading product is RehabOptima, an SaaS product used by more than 8,000 skilled nursing facilities, assisted living facilities and contract therapy companies. Optima has offices in Palm City, FL and Atlanta, GA (www.optimahcs.com).
“Optima is an outstanding growth company,” said Alpine Partner Mark Strauch. “We were immediately impressed with what this special group of founders had built based on their commitment to product excellence and customer experience.”
Alpine invests in founder-owned, middle-market companies in the software, online and business services industries that have from $5 million to $15 million of EBITDA. Since founding in 2001, Alpine has raised over $900 million of committed capital though five funds. The firm is based in San Francisco (www.alpine-investors.com).
Josh Pickus, an Alpine CEO in Residence, has become Optima’s new Chief Executive Officer. Before becoming a CEO in Residence at Alpine in November 2014, Mr. Pickus was the President and CEO of Support.com – a provider of software and services that are used to resolve connected technology issues – from April 2006 to April 2014.
“When we decided to bring in a partner to help grow our business, we knew we’d found something special in Alpine,” said Optima’s founder, Steve Mackie. “Their mission and values stand out in the private equity universe, and their CEO in Residence program brings to Optima the leadership talent we sought. Josh Pickus has tremendous growth experience that will help us meet our customers’ evolving needs.”
© 2015 PEPD • Private Equity’s Leading News Magazine • 11-20-15
