HealthEdge Investment Partners Completes Omega Healthcare Investment
TAMPA, FLORIDA — November 7, 2006 — HealthEdge Investment Partners, LLC, together with its affiliates (“HealthEdge”) and Omega Healthcare senior executives Gopi Natarajan and Anurag Mehta, announced today that it has completed its acquisition of OMH Holdings and its wholly-owned subsidiaries (“Omega”).Currently headquartered in Pittsburgh, Pennsylvania, Omega has emerged as one of the leading providers of outsourcing services to medical billing and healthcare revenue cycle management companies. The company, which employs over 800 associates in India, currently provides medical coding, accounts receivable management, data entry and related services to its 35 U.S.-based clients. Given HealthEdge partners’ experience and relationships in the healthcare services industry, the parties believe they can dramatically expand Omega’s customer base and offer services to other segments of the healthcare
Omega Chief Executive Officer Gopi Natarajan said, “We are pleased to have attracted HealthEdge to Omega and believe that they can help us expand and deliver our compelling value proposition to this large and highly fragmented industry, which is now more accepting of offshore based services” Omega Chief Operating Officer Anurag Mehta said, “The HealthEdge investment in Omega gives us a healthy balance sheet and provides access to working capital to continue our rapid expansion. It also allows us to improve our US infrastructure to better service our clients, while continuing to maintain the highest quality of service.”
HealthEdge Investment Partners 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, including as CEOs of such companies as PlanVista, ProxyMed, National Medical Health Card, WellCare and Best Generics. For more information on HealthEdge, visit www.healthedgepartners.com.
For more information on HealthEdge, please contact:
Brian W. Anderson, Managing Partner (813) 490-7102
Phillip S. Dingle, Managing Partner (813) 490-7101