Big Data, Population Health, and Predictive Analytics Inform Accelerated Healthcare Transformation for US Hospitals
PORTLAND, Maine and ATLANTA, Georgia, February 24, 2014 – iVantage Health Analytics, the leading provider of health analytic solutions for the new healthcare, announced today that they have acquired Galloway Consulting, a strategic advisor to hospitals. The terms and conditions of the agreement were not disclosed.
Galloway specializes in helping hospital groups, physicians, and providers improve their operations, outcomes and profits. The firm was founded by Mitchell Galloway in 1998 and Galloway Consulting and its professional team have assisted over 450 clients, including academic medical centers, national and regional hospital systems, as well as individual hospitals in rural and urban markets.
“Galloway Consulting has been a partner with iVantage for the past two years and we have seen compelling evidence that combining business intelligence and advisory services offers great benefits to our healthcare clients,” commented Mitchell Galloway, president and CEO of Galloway Consulting. “The dynamics of the new healthcare have generated market demand for an integrated source for advanced business analytics and expert counsel. Adding our advisory services and deep industry expertise to the integrated VantagePointsTM platform will offer the industry the best of both worlds.”
W. Hudson Connery, CEO of iVantage, added, “We believe that having highly experienced industry experts and leading edge business intelligence tools provides a distinct advantage for our clients. Cycle time on delivering results is reduced and transformation accelerated. We are excited that the Galloway Consulting team enables us to meet this requirement for change under the new healthcare.”
About Galloway Consulting
Galloway Consulting is a consulting services company specializing in AHT ” Accelerated Healthcare TransformationTM; a proprietary model ensuring rapid results for hospitals. The company uses proven methods and extensive experience to help healthcare organizations improve every dimension of performance in a sustainable way ” quality, safety, service, volume, revenue, cost, and patient flow. They employ renowned professionals with decades of practical understanding and skills in accelerated turnaround and transformation to support a broad array of advisory services.
About iVantage Health Analytics
iVantage, aTM Great Point PartnersTM IIc portfolio company, is a leading provider of health care informatics and business analytics solutions that transform complex data into actionable business intelligence. The VantagePointsTM platform is used by hospital management teams to drive empirical and evidence based decision making with cloud-based applications. These products are positioned to meet the needs of a today’s healthcare market, which requires meaningful data to support new compliance based requirements and the operational challenges of the Patient Protection and Affordable Care Act (“PPACA”).
About Great Point Partners
Great Point Partners (“GPP”), founded in 2003 and based in Greenwich, CT, is a leading health care investment firm with approximately $700 million of equity capital under management and 23 professionals. GPP is currently making new private equity investments from GPP II, which has closed on $215 million in commitments. Great Point manages capital in private (GPP I, $156 million and GPP II) and public equity (BMVF, approximately $300 million) funds. Great Point Partners has provided growth equity, growth recapitalization, and management buyout financing to more than 100 health care companies. Both the private and public funds invest across all sectors of the health care industry including biologics and pharmaceutical infrastructure, devices and diagnostics, health care services, hospital outsourcing, information technology, specialty pharmaceuticals, and workers compensation. The firm pursues a proactive and proprietary approach to sourcing investments. Reach Great Point at 203-971-3300. www.gppfunds.com.