Indianapolis, IN- January 10, 2012 – Leading healthcare technology company, Healthx, has recently received investment from growth equity firm Frontier Capital, in a financial collaboration that will expand the Healthx business scope. Berkery, Noyes & Co., LLC, a middle market investment bank, served as financial advisor to Healthx during the process.

Frontier, which focuses greatly on technology enabled business services, has invested a significant amount to aid Healthx in increasing resources and achieving other business objectives of the healthcare portal provider. Healthx closed the deal hot off its most fiscally successful year since its inception in 1998, making it a burgeoning player within the healthcare IT industry.

The recapitalization places Frontier as a majority investor in the company, but will not change Healthx’s current organizational or business structures.

“Frontier is impressed with what the management team has accomplished in driving the company’s growth and its emergence as a leader in the market,” said Michael Ramich, Partner of Frontier Capital. “We are thrilled to invest in Healthx alongside Greg Bell and his team, and we look forward to working together in the company’s next phase of growth.”

Healthx and its CEO, Greg Bell, are looking forward to a bright future with Frontier. “We look forward to partnering with Frontier and believe that together we can enhance the next level of growth for Healthx,” Bell says. “The Frontier team has significant experience working with high growth, tech-enabled and SaaS companies, and we are excited that they have become part of our team.”

Healthx develops and manages the most widely adopted online portals and applications for the healthcare and human resources markets. We provide SaaS solutions for payers, providers, employers and brokers. We are a leading developer of self-service communication and data integration solutions that serve more than 130 payers and 39,000 groups, representing over 12 million individual lives.

Posted in Press Releases, Healthx News