EDG Partners Acquires Health Data Essentials

EDG Partners Acquires Health Data Essentials

Peak Health Solutions, a provider of health information management and a portfolio company of EDG Partners, has acquired the assets of Health Data Essentials.

Health Data Essentials is a consulting firm that serves health care plans contracting with the federal Medicare program or state Medicaid programs. The company’s consulting services promote improved health care delivery by risk-adjusted managed care plans through revenue management and quality improvement initiatives. Health Data Essentials is based in Baltimore (www.hdecompany.com).

Peak Health Solutions provides services to capture and manage health data for health plans and healthcare facilities. Peak offers retrospective and prospective risk-adjustment coding services to healthcare providers and Medicare Advantage plans. The company was founded in 2004 and is based in San Diego (www.peakhs.com).

“The healthcare landscape is changing dramatically and these changes have a significant impact on the revenue stream,” said Steve Roberts, president and CEO of Peak Health Solutions. “The risk adjustment and quality reporting services we offer health plans can help to strengthen both the bottom line and overall performance.”

EDG Partners invests in healthcare companies except those with FDA or medical research risk. Typical investments range from $5 million to $30 million in equity. The firm was founded in 2004 and has offices in Atlanta, GA and Alexandria, VA (www.edgpartners.com).

“Health Data Essentials is an exceptional strategic addition for Peak as both payers and providers recognize the need to deploy advanced data analytic tools to meet the increasing requirements to proficiently manage and report quality and care management initiatives. Both Peak and Health Data Essentials are fortunate to have partnered with EDG which has proven itself as an insightful private equity firm with a rich history of guiding and building industry-leading healthcare companies,” said Keith Devantier of Falcon Capital Partners, who represented both Peak (in its prior transaction with EDG) and Health Data Essentials.

© 2012 PEPD • Private Equity’s Leading News Magazine • 10-5-12

To search in site, type your keyword and hit enter