Portland, Oregon (PRWEB) February 22, 2013
Aequitas Capital Management, a credit-focused capital management firm announced the closing of its sale of Evolute Consolidated Holdings (“Evolute”) an IT integration service company to PipelineRx, a leading medication management services company focused on clinical telepharmacy. Financial terms of the transaction are not being released.
Evolute, based in Denver, Colorado, develops and integrates healthcare connectivity solutions that help hospitals and their patient care providers more effectively communicate not only with each other but also with external clinical services, health plan and product partners. Evolute’s workflow and automation IT solutions reduce hospital costs by integrating and consolidating processes, reducing errors and making hospital organizations more effective in their day-to-day activities. Aequitas formed Evolute in November of 2009.
“We are enthusiastic about this strategic combination - it further enables Evolute to grow and expand as a direct result of the combined Company’s synergies, existing customer relationships and continued technology leadership,” states Robert Jesenik, CEO of Aequitas Capital. As part of the terms of the Evolute acquisition, Craig Froude, CEO of CarePayment and an Aequitas Capital Partner will be joining PipelineRx’s board of directors.
PipelineRx is a leading telepharmacy services company recognized for its clinical pharmacy expertise and high quality service. With the adoption of meaningful use, the Medicare incentive program that is designed to reward the use of certified Electronic Health Record technology to enable streamlined patient care and achieve efficiency goals, PipelineRx’s ability to interoperate with a hospital client’s native CPOE capabilities is coming into sharper focus.
About Aequitas Capital Management:
Aequitas Capital builds income-producing alternative investment solutions for institutional and high net worth clients. Founded in 1993, Aequitas Capital holds nearly $500 million in assets under management. For further information about the company, please visit http://www.aequitascapital.com.