GPB Capital, today announced it has acquired a majority ownership take in Health Prime International (HPI), a National Harbor, MD-based provider of practice management and revenue cycle management solutions for medical practices. GPB Capital plans to optimize HPI’s product offerings by integrating HPI with its existing healthcare IT portfolio companies including Cantata Health, Itelagen Healthcare, MDS Medical, Meta Healthcare IT Solutions. Financial terms of the acquisition were not disclosed.
HPI provides platform-agnostic revenue cycle management (RCM), electronic health record (EHR), transcription, and practice management services to medical practices across the US. The clinical background of HPI’s management team significantly differentiates the firm from its competitors.
HPI’s core competency around RCM services allows it to boast a 98% first pass claims acceptance rate—nearly 28% higher than the national average. As part of the acquisition, GPB Capital will bring its significant experience in healthcare IT to help HPI enhance its business by working closely with the management team to develop the sales and operational infrastructure needed to continue scaling.
“HPI is a successful and forward-looking player in the healthcare IT and technology enabled services universe,” said David Gentile, Founder and CEO of GPB Capital. “At GPB Capital, we choose industry veterans to lead our strategy teams because we believe their institutional knowledge to be invaluable. HPI’s management team has followed a similar formula to great success, making the company an ideal addition to our portfolio. We look forward to working with our new operating partners at HPI to help them—and the medical practices they serve—achieve the next level of growth and profitability.”
