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MedHOK Announces $77.5 Million Growth Equity Investment …


 
PRLog - Jan. 29, 2014 - TAMPA, Fla. -- MedHOK (Medical House of Knowledge), a leader in providing a single platform for care, quality and compliance for health plans, PBMs and other risk-bearing entities, announced today that Bain Capital Ventures, the venture and growth capital affiliate of Bain Capital, and Spectrum Equity, a leading growth equity firm focused on the information economy, have invested an aggregate of $77.5 million to acquire minority stakes in the Company.

“Our vision for MedHOK was to create a platform that improves quality of care by enabling our stakeholders to proactively manage care in a compliant manner,” said MedHOK CEO Anil Kottoor. “Our technology team brought that vision to life and, as a result, MedHOK has positively impacted the lives of more than 22 million health plan members. As we move into the next phase of growth, we believe there are significant benefits to partnering with two of the nation’s premier private equity firms with proven track records in healthcare. I look forward to leveraging the experience and guidance of Bain Capital Ventures and Spectrum Equity as we work together to continue to drive MedHOK’s growth and maximize its market potential.”

“Along with care and quality, we believe that compliance and risk mitigation will continue to be top priorities for health plans and that MedHOK’s platform is very well-positioned to address these needs,” said Jim Quagliaroli, Managing Director at Spectrum Equity. “As a rapidly growing software platform addressing a large and complex market opportunity, MedHOK is a great fit for Spectrum Equity, and we look forward to working with Anil and the MedHOK team.”

MedHOK’s unique Software-as-a-Service (SaaS) model allows clients to rapidly deploy and easily maintain MedHOK’s scalable solutions, for lower up-front and ongoing costs. MedHOK’s software is fully NCQA-certified for HEDIS®, Pay for Performance and Disease Management performance measures, and is compliant with CMS and State regulations, ensuring consistent application of rules and regulations across the continuum of care.

Contact
Trish Enright
773 726-8626
***@medhok.com

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Contact Email:
***@medhok.com Email Verified
Source:MedHOK
Location:Tampa - Florida - United States
Industry:Health, Medical
Tags:healthcare software, single solution
Shortcut:prlog.org/12275214
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