Feb 2015

Audax Private Equity Announces Significant Investment in Corepoint Health

BOSTON, MA – February 17th, 2015 – Audax Group announced that it has made a significant investment in Corepoint Health (“Corepoint”). Headquartered in Frisco, Texas, Corepoint delivers a simplified approach to internal and external health data integration and exchange for hospitals, radiology centers, laboratories, and clinics. Corepoint’s software solutions help health care providers achieve interoperability goals that create operational leverage within their care organization. Audax’ investment will fund the continued growth of Corepoint and the ongoing support of its customer base.

Geoffrey S. Rehnert, Co-Chief Executive Officer, Audax Group, said “Corepoint is a leading provider of interoperability software with an unparalleled reputation for customer service and satisfaction. We look forward to partnering with the Corepoint team to continue to grow the business organically and through strategic add-on acquisitions.”

Phil Guy, CEO, Corepoint, said “We look forward to expanding on the robust interoperability platform we have built. With our exceptional team and an engaged customer base, partnering with Audax Group will enable us to offer broader solutions over time while always exceeding our customer expectations.”

Houlihan Lokey advised Corepoint. Ropes & Gray LLP served as counsel to Audax Group. CapitalSource and Silicon Valley Bank provided financing for the transaction.