Vesey Street Capital Partners (VSP), a strategic private equity firm with substantial and differentiated Healthcare Services sector and sourcing expertise is exploring the sale of its portfolio company HealthChannels. With 13,000 employees across 50 states and three countries, HealthChannels is comprised of four highly specialized revenue cycle management companies:
– ScribeAmerica, the nation’s most frequently used medical scribe company, with a reach of over 30 million patients through more than 1,700 hospital partners.
– QueueLogix, a software and service organization that closes the gap between medical back-office activities and frontline patient encounters through its proprietary SaaS platform and coding and clinical experts.
– CareThrough, a 360-degree care management solution that improves quality of care, patient engagement, and financial outcomes through its highly skilled care navigation coordinators.
– Soundlines, an intuitive, AI platform that aggregates clinical data from across the care continuum to streamline documentation, improve overall revenue cycle operations, and empower care team management.
In October 2017, VSCP led the recapitalization of HealthChannels, a holding company with three distinct segments that collectively meet the full range of providers’ increasingly complex healthcare data and documentation needs. Jefferies and Centerview Partners have been hired by VSP to advise them on the potential sale.