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REPAY s 2019 SPAC deal enabled leadership to control own destiny

When the management team and private investors backing digital payments company REPAY were looking for an exit in 2019, they had many strategic options. The company was growing well, both organically and through M&A, and had a strong balance sheet.  After looking at selling to strategic investors or another private equity firm, the management team and Corsair, their private equity backer, opted to go public, but not in the conventional way.  A special purpose acquisition company (SPAC) called First Data had caught their attention for its successful merger a few years earlier with another payments company, CardConnect. They decided to work with First Data, too, even though SPACs hadn’t yet taken off.

Healthfuse Introduces Vendor Management Platform for Actionable Insight into Revenue Cycle Performance

Healthfuse Introduces Vendor Management Platform for Actionable Insight into Revenue Cycle Performance
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Healthfuse Accelerates High-Growth Plans with Kennon Askew as Senior Vice President

Healthfuse Accelerates High-Growth Plans with Kennon Askew as Senior Vice President Share Article Kennon Askew joins Healthfuse Leadership Team as they position to drive $1 Billion in bottom-line improvements for hospitals in 2021 Kennon Askew Senior Vice President MILWAUKEE (PRWEB) March 09, 2021 Healthfuse, the industry leader in managing and sourcing revenue cycle vendors for hospitals and health systems, today welcomes Kennon Askew aboard the company’s leadership team as senior vice president, responsible for continuing growth within the company and enhancing client relationships. “Healthfuse works tirelessly to strengthen and protect our hospital partners’ financial position so they can focus on their patient communities. We’ve created over $650M in bottom-line improvements through 2020 and plan to drive and deliver a total of $1 billion in value to those partners in 2021, says Nick Fricano, pre

Healthfuse gains investment from Alabama private equity firm

Healthfuse gains investment from Alabama private equity firm Share Milwaukee-based New Capital Partners, a private equity and venture capital firm based in Birmingham, Alabama. The terms of the investment were not disclosed. Founded in 2011 by Nick Fricano, Mike Zimmerman and Jon Myhre, Healthfuse provides revenue cycle vendor management services to hospitals and health systems. The startup combines technology, analytics and research to review revenue cycle vendors and help health care organizations establish revenue cycle best practices. “Health care reimbursement and revenue cycle operations have grown increasingly complex, driving hospitals to work harder with fewer hands and insufficient tools,” Fricano, Healthfuse chief executive officer, said in a statement. “NCP has a proven track record of building high-growth businesses that leverage technology to deliver market-leading performance. I look forward to partnering with them to enhance Healthfuse’s comprehensive d

The largest funding rounds for Wisconsin tech companies in 2020 - Milwaukee Business Journal

The largest funding rounds for Wisconsin tech companies in 2020 - Milwaukee Business Journal
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