HealthEdge Exits POC Network Technologies, Inc.
TAMPA, FL. — June 13, 2011 — HealthEdge Investment Fund, L.P. (“HealthEdge”), a Tampa, Florida-based private equity fund focused exclusively on healthcare, has sold Coral Gables, Florida-based POC Network Technologies, Inc. (“PNT”). PNT was a carve-out from an existing HealthEdge portfolio company. The PNT sale represents the second successful exit for HealthEdge Fund I investors. HealthEdge’s initial investment to support PNT’s growth occurred in June 2010.
PNT provides claims and payment processing services, manages provider networks, and develops technology related to the dispensing and/or administration of pharmaceutical products by providers in the ambulatory marketplace. PNT provides services to pharmacy benefit managers (PBM’s), commercial and government payers/insurance plans, physicians administering Medicare Part D covered vaccines and/or oncology drugs, and hemophilia treatment centers. Customers include Merck & Co., United Healthcare, Medco Health, Prescription Solutions, CVS Caremark, and over 25,000 contracted physicians.
HealthEdge Investment Partners, LLC is an operating-oriented private equity firm founded in 2005 that focuses exclusively on the healthcare industry. HealthEdge seeks to achieve superior returns by investing in businesses that benefit from the knowledge, experience and network of relationships of its partners. HealthEdge’s partners have more than 100 years of combined operating experience in healthcare as CEOs and investors. For more information on HealthEdge, visit www.healthedgepartners.com.
For more information, please contact Brian Anderson at HealthEdge Investment Partners at 813.490.7100.