Enhanced Healthcare Partners (EHP) has made an investment in Hallmark Health Care Solutions.
Hallmark is a cloud-based provider of physician compensation and workforce management services used by health systems, academic medical centers, and physician groups with many of the largest health delivery networks and medical groups in the nation as customers. The company’s product portfolio includes artificial intelligence-based software platforms sold under the brands Heisenberg II (physician compensation) and Einstein II (workforce management).
Hallmark is led by CEO and co-founder Isaac Ullatil and is headquartered on Long Island in Hauppauge, New York with additional offices in New Jersey, Michigan, and India.
“It was clear early on that EHP’s expertise in growing healthcare companies would align well with our company vision, product development and expansion efforts,” said Mr. Ullatil. “We are thrilled with the partnership and believe together we will continue to build raving fans of our solutions.”
“COVID-19 has put immense clinical and logistical pressure on health systems in effectively identify, sourcing, deploying and delivering scarce resources across healthcare systems,” said Matthew Thompson, a general partner at EHP. “Hallmark solves these fundamental complexities leveraging state-of-the-art software to aid hospitals and provider groups that ultimately provide the front-line care that benefits the entire U.S. healthcare system.”
EHP makes minority and majority investments in founder and entrepreneur-led lower middle-market healthcare businesses with specific interest in physician services, pharma services, payor services, and healthcare technology sectors. Typical targets will be based in North American and have from $50 million to $250 million in enterprise value.
New York-headquartered EHP is investing from its first fund, Enhanced Healthcare Partners LP, which closed in September 2019 with $300 million of capital.
© 2020 Private Equity Professional | December 15, 2020