WHITEGLOVE HEALTH, INC. ACCOUNCES ACQUISITION OF GLENRIDGE HEALTHCARE SOLUTIONS
June 30, 2014
Austin, TX – WhiteGlove Health, Inc., a leading chronic care and population health management provider, today announced the acquisition of Glenridge Health Solutions, a premier provider of technology-enabled network development and consulting services.
Founded in 1997 by the company’s President Terry Spoleti and headquartered in Baltimore, Glenridge offers a full suite of differentiated services utilizing proprietary tools and software that enable customers to outsource their mission-critical managed care network development and provider engagement needs. Glenridge is focused on creating reform-driven payor strategies and provider alliances and serves national and regional health plans and health systems in all fifty states.
“The acquisition of Glenridge strengthens WhiteGlove’s position as a key partner for payors as they continue to adapt to the new healthcare environment,” said Nicholas A. Balog, CEO of WhiteGlove. “WhiteGlove’s care management tools and value-based care product is highly synergistic with Glenridge’s service offering. The combination of these two leading and innovative businesses will help payors and providers improve patient care while containing costs. We are thrilled that Terry will continue as President to help us grow the company.”
Ms. Spoleti, said, “We are proud of the company we have built over the past 18 years and are excited by the vision of the combined business. By combining our two companies we are better situated to help our clients improve patient access to care, improve quality of existing networks, and manage costs.”
Malcolm Kostuchenko, Managing Partner of Enhanced Equity Funds said, “the combination of WhiteGlove and Glenridge is consistent with our philosophy of investing in leading healthcare services companies that utilize a value- based approach to care to drive savings to the system. The addition of Glenridge strengthens WhiteGlove as a trusted partner, innovative service provider, and key component to build reform-based strategies to clients.”
About WhiteGlove Health
WhiteGlove Health is a service driven and outcomes-focused primary care provider that offers a superior healthcare network alternative. With a fully integrated pharmacy, chronic condition management service, and mobile primary care access, WhiteGlove performs better than current healthcare networks. As an industry leader in at-home and work site healthcare, WhiteGlove Health’s nurse practitioner workforce utilizes their advanced training and robust proprietary technology to achieve better clinical outcomes and improve patient satisfaction. The result is a solution to the poor performance and high costs of your health plan.
About Enhanced Equity Funds
Enhanced Equity Funds (“EEF”) is a private equity firm focused exclusively on investing in the healthcare industry. The firm’s collective industry expertise, relationships and investment strategy have facilitated the development of industry leading healthcare companies. EEF currently manages approximately $600 million of committed capital across two funds. For additional information on EEF, please visit www.enhancedequity.com