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SOURCE Riordan Lewis & Haden | Equity Partners
LOS ANGELES, May 15, 2014 /PRNewswire/ -- Riordan, Lewis & Haden | Equity Partners (RLH) is pleased to announce that its portfolio company, Cymetrix Corporation (the "Company"), has been acquired by Navigant (NYSE: NCI).
Cymetrix is a leading national provider of comprehensive revenue cycle management solutions to hospitals and their affiliated physicians. The Company helps its clients achieve sustained improvement in financial performance while maintaining a high quality patient experience. Serving over 200 hospitals nationwide, Cymetrix deploys technology, best-practice workflows, and operational expertise to create a custom solution for each client across the entire revenue cycle - patient access services, health information management, and patient financial services.
Navigant is a specialized, global expert services firm dedicated to assisting clients in creating and protecting value in the face of critical business risks and opportunities. Within the healthcare sector, Navigant works with payers and providers to design, develop, and implement integrated, technology-enabled solutions that create high-performing healthcare organizations. Navigant's healthcare consultants assist clients with issues including quality of care, cost, leadership, and culture in today's changing healthcare environment.
RLH is exceptionally proud of Cymetrix's success in transforming its offerings from specific services for individual elements of the hospital revenue cycle into highly integrated end-to-end solutions. As part of that success, the Company developed unique proprietary software that provides real-time transparency into the performance of the client's revenue cycle and the value created by Cymetrix's services. The Company has received much well-deserved recognition, including two consecutive years of Best in KLAS awards for Extended Business Office Services and the highest score in the recent report, "Best in KLAS Awards: Software & Services." We congratulate CEO Michael Halberda and the entire Cymetrix organization on their achievements and their contribution to the accomplishment of their clients' healing mission, and wish the Company continued success in the future as part of the Navigant team.
Riordan, Lewis & Haden is a leading private equity firm which partners with entrepreneurs to help them build distinctive high-growth businesses and realize their aspirations. RLH provides experienced strategic guidance to its portfolio companies while embracing the entrepreneurial spirit of those companies' founders. The RLH team, which averages 17 years of private equity experience, has developed proven processes to enhance organic growth and drive enterprise value. With a 30+ year history of successful investing, RLH is uniquely able to help fast growing enterprises with $25-150 million revenue in the business services, healthcare, and government services sectors achieve their goals. The firm currently manages over $600 million of assets and is actively seeking new portfolio company investments.
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