An affiliate of H.I.G. Capital announced on April 7 that it has completed a strategic investment in GetixHealth.
GetixHealth is a Texas-based provider of revenue cycle management (RCM) solutions to healthcare providers, featuring a comprehensive suite of services that includes patient responsibility management, eligibility and enrollment, third-party claims resolution, patient access and insurance billing. The company was founded in 1992. Trivest Partners, a Florida-based private equity firm, acquired GetixHealth in March 2015.
H.I.G. Capital is a global private equity and alternative assets investment firm with $68 billion in capital under management. Since its founding in 1993, H.I.G. has invested in and managed more than 400 companies worldwide. The firm’s current portfolio includes more than 100 companies with combined sales in excess of $53 billion.
H.I.G. will be partnering with GetixHealth management to support ongoing growth investments in the GetixHealth platform. Financial terms of the deal were not disclosed.
“Over the last decade, we have made significant investments in our team, solutions and proprietary technologies to position GetixHealth as a leading partner to healthcare providers,” said GetixHealth CEO Kevin Lonergan. “Due to the complex reimbursement environment and evolving regulatory landscape, our customers are increasingly turning to us to address their revenue cycle challenges. We are excited to partner with H.I.G. to leverage their resources and deep RCM expertise to further invest in our capabilities.”
“GetixHealth is a vital partner to healthcare providers, including many of the nation’s largest health systems,” added Anthony Chambers, Managing Director at H.I.G. “We are impressed by the company’s capabilities and stellar reputation among its clients and patients. We also recognize the importance of maintaining best-in-class capabilities and look forward to collaborating with management to support continued investments in technology and operational excellence.”
According to data in the LevinPro HC database, this marks the 81st eHealth transaction of the year, and the 13th in the RCM specialty. There were 36 RCM deals announced in 2024, 55 announced in 2023 and 66 announced in 2022.
