WestView Capital Partners Invests in Executive Health Resources

Boston, MA

Partnership to fuel initiatives for continued growth in clinical revenue cycle management and staffing solutions

Executive Health Resources (EHR), a leading provider of clinical revenue cycle management and staffing solutions to hospital systems nationwide, today announced it has received a minority equity investment from WestView Capital Partners, a Boston-based private equity firm focused on lower middle market companies.

Founded in 1997, EHR offers expert medical management products to improve the hospital revenue cycle. Exclusively endorsed by the American Hospital Association, EHR’s suite of outsourcing services enables its clients to improve reimbursement while optimizing hospital efficiency and quality of care. Through its revenue cycle management division, EHR’s teams of physician advisors assist hospital clients in managing payor denials, reducing length of stay appropriately, and maintaining governmental claims compliance. EHR’s clinical staffing division manages hospitalist programs and provides house physician and specialized unit staffing services for its hospital clients.

“EHR has solidified its leading position in the market by continuing to develop physician-led clinical and revenue cycle management solutions that our hospital clients increasingly need to respond to a constantly evolving healthcare environment,” said Robert R. Corrato, MD, founder and CEO of EHR. “Our partnership with WestView further strengthens EHR’s financial position and supports our continued rapid growth and expansion of the three key areas of our service delivery model—technology, teams and training. In addition, we will benefit from WestView’s experience in helping growth companies such as ours to achieve their strategic objectives.”

“We look forward to working with the EHR team as they continue to capitalize on the growing opportunity for both clinical revenue cycle management and hospitalist services,” said Rick Williams, a managing partner at WestView, who will join EHR’s board of directors. “The EHR management team has achieved impressive results since the company’s inception, and they represent the type of energetic and proven entrepreneurial managers we look to partner with at WestView,” Williams noted. Added Matt Carroll, a principal at WestView, “Our investment in EHR fits well with our background in investing in healthcare service companies that have pioneered a unique service delivery model.”

About EHR:

EHR is a company of expert physicians that provides hospitals and health systems with day-to-day operational services and infrastructure to bring clinical solutions to revenue cycle management. The company’s clinical staffing division manages hospitalist programs as well as house physician and specialized unit coverage staffing services for hospital clients. For additional information, visit www.ehrdocs.com.

About WestView Capital Partners:

WestView Capital Partners is a private equity firm focused exclusively on lower middle market companies. WestView sponsors recapitalization, growth, buyout and consolidation transactions. The firm finances North American companies in a wide range of industries including business and healthcare services, IT services, industrial, distribution/logistics, media/publishing and financial services. WestView targets companies with operating profits between $3 million and $15 million with investment sizes ranging from $5 million to $20 million. WestView’s investment strategy centers on partnering with existing management teams in both minority and majority ownership transactions. WestView is located in Boston, Massachusetts, and more information is available at www.wvcapital.com.