The Strawhecker Group served as payments industry consultant to GI Partners. Ropes & Gray LLP served as legal advisor to GI Partners. Goldman Sachs served as financial advisor to GI Partners. Rectangle Health is the leading healthcare payment and premium processing company, helping your practice, healthcare organization, or insurance group increase payment compliance, streamline processing, and improve overall satisfaction. Shop plans for Medicare, Medical, Dental, Vision & Employers. Goodwin Procter LLP served as legal advisor to Rectangle Health and TA Associates. Official Site of Anthem Blue Cross Blue Shield, a trusted health insurance plan provider. We look forward to working with both GI and the Rectangle Health team to expand on the company’s leadership position in healthcare technology.”Ĭredit Suisse Securities (USA) LLC acted as lead financial advisor, and Robert W Baird & Co acted as co-financial advisor to Rectangle Health. Roy Burns, a Managing Director at TA, says: “It’s terrific to welcome GI Partners as an investor in Rectangle Health. We were drawn to the company’s strong growth profile, differentiated technology platform, and their highly experienced healthcare technology and revenue cycle leadership team.”
Rectangle Health brings the industry’s most comprehensive end-to-end patient payment platform to healthcare organisations of all sizes, specialties, and settings. The shift in healthcare’s payment responsibility has created a complex environment for healthcare organisations and unique opportunities for technology to solve it.
RECTANGLE HEALTH SOFTWARE
“Both GI and TA have a great record of successfully scaling software companies and we remain committed to developing innovative solutions that solve the practitioner’s existing operational problems and anticipate what they’ll need to thrive.”ĭave Kreter and Travis Pearson of GI Partners, says: “We are impressed with Rectangle Health’s clear leadership in a growing healthcare payment market. We are excited to create our next chapter in partnership with GI Partners and TA, with a continued focus on organic growth and M&A,” says Dominick Colabella, CEO of Rectangle Health. “It has been a pleasure partnering with TA Associates over the past four years to build Rectangle Health into a leader in the healthcare market. Rectangle Health’s technology solutions provide a bridge between patients and providers, enhancing the overall patient experience while creating value to its providers. Rectangle Health is committed to offering leading technology that is an extension of the organisation and makes lives easier for practitioners, staff, and patients. GI Partners’ investment, in conjunction with existing investor TA Associates, a global growth private equity firm, will further accelerate Rectangle Health’s growth as the company continues to drive innovative consumer-centric solutions to the healthcare industry.
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