Philadelphia, PA (PRWEB) March 20, 2014
InfoMC, the leading provider of clinical and financial management software for chronic illness care coordination and wellness, has completed an investment by Main Line Equity Partners. The financing will help InfoMC expand its suite of products available to commercial and public sector healthcare organizations on-premise and in the Cloud.
To improve the quality, cost, and value of healthcare, InfoMC’s member centric approach uses collaborative process management technology and integrated solutions to enhance the interaction between payors, providers, and consumers. With the healthcare market continually shifting, healthcare payors need to support new capabilities that demand a greater emphasis on consumers, lower costs, and faster, more agile product development.
“The team at Main Line Equity Partners is invested in our business strategically by also bringing their knowledge of the healthcare industry combined with expertise growing technology portfolio companies,” said JJ Farook, Chairman and CEO of InfoMC. “We are very excited to take InfoMC to the next level.”
“InfoMC’s proven track record and reputation for helping healthcare organizations lower costs, improve outcomes, and drive growth was very attractive to us,” adds Chris Randazzo, Founder and Managing Director at Main Line Equity Partners. "We believe in their technology direction and industry foresight, and the people behind it."
For nearly 20 years, some of the largest names in managed care, behavioral health, employee assistance programs, as well as state and local governments, use InfoMC to run their businesses. Our comprehensive software includes robust transaction processing, proactive care management, consumer engagement, and advanced analytics and business intelligence. Products for managing and coordinating care include Incedo™, Incedo ProviderConnect, InfoMC INTERACTIVE and InfoMC EXCHANGE. These products work independently or combined to form exceptional healthcare management and wellness solutions—powered by InfoMC’s cutting-edge G70™ Platform, a healthcare software accelerator.
About Main Line Equity Partners
Main Line Equity Partners is focused on investing in profitable, next stage growth companies, with under $10 million in revenue, looking to engage strategic break-through capital and operational support to increase market share and accelerate earnings growth. Our participation goes beyond the capital and quarterly board meetings. We are actively engaged with our portfolio companies throughout the investment lifecycle as a trusted strategic and operational partner.