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Access MediQuip Names Tim Hargarten Chief Executive Officer
Date:7/16/2009

HOUSTON, July 16 /PRNewswire/ -- Access MediQuip, LLC, the nation's first and largest provider of outsourced implantable medical device management solutions to the healthcare industry, announced today that it has appointed Tim Hargarten to chief executive officer. The appointment follows the company's tenth quarter of double-digit revenue growth since it partnered with Water Street Healthcare Partners, a leading private equity firm focused exclusively on healthcare.

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Mr. Hargarten, 52, has nearly 20 years of experience building leading healthcare businesses. The former chairman and CEO of NaviMedix, Inc., Mr. Hargarten grew the company to become the largest provider of real-time administrative, clinical and financial capabilities to the U.S. health system. Previously, Mr. Hargarten served as CEO of Kinetra, LLC, a joint venture between Electronic Data Systems (EDS) and Eli Lilly, where he helped the company create one of the industry's first portals linking hospitals, insurance companies, physicians and pharmaceutical benefit managers.

"Tim is highly regarded in the healthcare industry and particularly among payors for his exceptional ability to build innovative businesses with unique value propositions," said Steve Cosler, chairman of Access MediQuip and an operating partner with Water Street Healthcare Partners. "His experience in the healthcare system, as well as his comprehensive understanding of the challenges facing national and regional insurance plans will help us advance our mission of partnering with key healthcare constituents to provide creative and value-added device management
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