Investment Provided to HealthMark Group by TA Associates
TA Associates Invests in HealthMark Group to Boost Healthcare Data Exchange
TA Associates, a leading growth private equity firm with deep expertise in scaling healthcare technology businesses, has made a strategic growth investment in HealthMark Group. This partnership aims to help HealthMark optimize clinical information exchange by expanding its market reach and advancing its technology platform [1][2][3].
HealthMark Group, founded in 2006, is a clinical information exchange solutions provider that integrates with over 60,000 providers, 5,000 facilities, and 100+ EMR systems nationwide. The company's platform facilitates seamless, compliant digital exchange of healthcare data for requests from insurers, law firms, and others [1].
The investment marks a pivotal moment for HealthMark, positioning it to expand capabilities and broaden market reach. Bart Howe, CEO of HealthMark, expressed his excitement, stating, "We are thrilled to partner with TA as we continue to transform the patient information journey by driving efficiency, interoperability, and compliance to increase quality of care across the healthcare industry" [4].
TA Associates will be the new lead investor, with HealthMark’s management team and existing investor Ridgemont Equity Partners also holding significant equity stakes [1][3]. Eric Zagorski, Senior Vice President at TA, emphasized the firm's focus on scalable solutions that solve the complexities of structuring and exchanging fragmented healthcare data [5].
The strategic investment is intended to boost HealthMark Group’s growth and enhance healthcare data exchange using advanced technology. TA has spent considerable time assessing the healthcare interoperability landscape, and this investment is part of their efforts to scale HealthMark’s capabilities and broaden its market presence [1][3].
Anthony Cassano, a Partner at Ridgemont Equity Partners, and Ethan Liebermann, Managing Director and Head of the North America Healthcare Group at TA, will join HealthMark’s board of directors [6]. The financial details of the investment were not disclosed [1][2].
Bart Howe also highlighted the potential of this partnership to deepen interoperability, unlock new efficiencies for providers, and elevate patient care in the years ahead. With TA’s support, HealthMark Group has processed over 20 million data requests, and this number is expected to grow as the company continues to expand its footprint [7].
Since TA’s investment, HealthMark's footprint has expanded from three to 49 states. The company's technological capabilities have advanced significantly, enabling it to address the complexities of healthcare data exchange more effectively [8].
This strategic growth investment is a testament to TA Associates' commitment to investing in innovative healthcare technology companies and supporting their growth. The partnership between TA and HealthMark promises to bring about significant improvements in healthcare data exchange and patient care in the United States.
[1] HealthMark Group. (2021). TA Associates Leads Strategic Growth Investment in HealthMark Group to Accelerate Expansion and Enhance Healthcare Data Exchange Technology. Retrieved from https://www.healthmarkgroup.com/news/ta-associates-leads-strategic-growth-investment-in-healthmark-group-to-accelerate-expansion-and-enhance-healthcare-data-exchange-technology/
[2] PR Newswire. (2021). TA Associates Leads Strategic Growth Investment in HealthMark Group to Accelerate Expansion and Enhance Healthcare Data Exchange Technology. Retrieved from https://www.prnewswire.com/news-releases/ta-associates-leads-strategic-growth-investment-in-healthmark-group-to-accelerate-expansion-and-enhance-healthcare-data-exchange-technology-301327048.html
[3] Business Wire. (2021). TA Associates Leads Strategic Growth Investment in HealthMark Group to Accelerate Expansion and Enhance Healthcare Data Exchange Technology. Retrieved from https://www.businesswire.com/news/home/20210908005256/en/TA-Associates-Leads-Strategic-Growth-Investment-in-HealthMark-Group-to-Accelerate-Expansion-and-Enhance-Healthcare-Data-Exchange-Technology
[4] HealthMark Group. (2021). TA Associates Leads Strategic Growth Investment in HealthMark Group to Accelerate Expansion and Enhance Healthcare Data Exchange Technology. Retrieved from https://www.healthmarkgroup.com/news/ta-associates-leads-strategic-growth-investment-in-healthmark-group-to-accelerate-expansion-and-enhance-healthcare-data-exchange-technology/
[5] HealthMark Group. (2021). TA Associates Leads Strategic Growth Investment in HealthMark Group to Accelerate Expansion and Enhance Healthcare Data Exchange Technology. Retrieved from https://www.healthmarkgroup.com/news/ta-associates-leads-strategic-growth-investment-in-healthmark-group-to-accelerate-expansion-and-enhance-healthcare-data-exchange-technology/
[6] HealthMark Group. (2021). TA Associates Leads Strategic Growth Investment in HealthMark Group to Accelerate Expansion and Enhance Healthcare Data Exchange Technology. Retrieved from https://www.healthmarkgroup.com/news/ta-associates-leads-strategic-growth-investment-in-healthmark-group-to-accelerate-expansion-and-enhance-healthcare-data-exchange-technology/
[7] HealthMark Group. (2021). TA Associates Leads Strategic Growth Investment in HealthMark Group to Accelerate Expansion and Enhance Healthcare Data Exchange Technology. Retrieved from https://www.healthmarkgroup.com/news/ta-associates-leads-strategic-growth-investment-in-healthmark-group-to-accelerate-expansion-and-enhance-healthcare-data-exchange-technology/
[8] HealthMark Group. (2021). TA Associates Leads Strategic Growth Investment in HealthMark Group to Accelerate Expansion and Enhance Healthcare Data Exchange Technology. Retrieved from https://www.healthmarkgroup.com/news/ta-associates-leads-strategic-growth-investment-in-healthmark-group-to-accelerate-expansion-and-enhance-healthcare-data-exchange-technology/
Science and technology will play a critical role in HealthMark Group's growth, as TA Associates, a leading investor in scalable healthcare technology solutions, aims to advance the company's technology platform to enhance healthcare data exchange. In addition, the partnership between HealthMark and TA will open doors for collaboration in the realms of health-and-wellness and finance, as HealthMark's platform currently facilitates compliant data exchange for requests from various sectors, including insurers and law firms.
