Navigation Links
CIC Partners Announces Investment in OmniSYS, the Market Leader in Providing Solutions to Pharmacy-Related Medical Benefit Claims
Date:11/7/2007

DALLAS, Nov. 7 /PRNewswire/ -- CIC Partners is pleased to announce that it has invested in OmniSYS, LLC, one of the country's leading solutions providers to pharmacy-related medical benefit claims.

CIC Partners partnered with OmniSYS Founder and CEO Dr. Jerry Ransom in a recapitalization of the company. The investment positions the 25-year-old company to accelerate its growth.

"By backing the industry-leading management team and leveraging the experience of two CIC Operating Partners, we believe OmniSYS will contribute to CIC's streak of exceptional returns," said CIC General Partner Drew Johnson.

Headquartered near Dallas, TX, OmniSYS is the market leader in processing medical benefit claims covered under Medicare Part B for retail, specialty, managed care, mail-order and home-delivery pharmacies. OmniSYS enables clients to effectively meet complex billing, revenue cycle management, medical necessity and utilization requirements for select classes of prescription and specialty drugs and medical supplies.

OmniSYS' customer base includes more than 20,000 pharmacies across the U.S. Each month, it processes over two million claims on behalf of its pharmacy customers.

"I chose to partner with CIC because of their proven investment record and their ability to help OmniSYS realize its full potential," said Dr. Ransom. "CIC's partner base includes experienced healthcare industry insiders who will serve as valuable advisors to OmniSYS."

To assist Dr. Ransom and his management team in growing OmniSYS, CIC has tapped two of its operating partners, both well-respected healthcare industry veterans. Ed Wristen, former CEO of First Health, will serve as Chairman of OmniSYS and Jim Smith, founder of First Health and Chairman of the Gartner Group, will serve on the company's board of directors.

"I am excited to work with Dr. Ransom and CIC to help OmniSYS prosper and grow," said Ed Wristen. "This industry is evolving rapidly, and there is tremendous opportunity for OmniSYS to add value and grow."

"During the bidding and diligence phases of the auction CIC set itself apart from the competition by positioning itself as knowledgeable and efficient and demonstrated a value-added approach," said Allen Custard, Managing Director of First Southwest Company and the investment banker on the transaction. "It is clear that CIC is well-positioned to help operators in the healthcare industry achieve extraordinary success."

About CIC Partners

CIC Partners is dedicated to helping the companies it invests in prosper and grow. As one of America's premier mid-market private equity firms, CIC Partners has successfully invested in more than 40 companies in industries including food, retail, energy and healthcare with combined revenue of more than $4 billion. CIC's experienced leadership team actively guides and supports their portfolio companies, and invests significant personal capital to align all stakeholders. As such, CIC has helped companies including CTI

Foods, Quiznos, Restoration Hardware and Solacium Holdings realize their potential.

For more information, please contact CIC General Partner Drew Johnson at (214) 871-6815 or djohnson@cicpartners.com. Or visit http://www.cicpartners.com.

Or contact Dr. Jerry Ransom at (903) 455-0461, jerry_ransom@omnisys- inc.com. Or visit http://www.omnisys-inc.com.


'/>"/>
SOURCE CIC Partners
Copyright©2007 PR Newswire.
All rights reserved

Related medicine news :

1. AtriCure to Present at Thomas Weisel Partners 2007 Healthcare Conference
2. Matrixx Initiatives, Inc. to Present at the Roth Capital Partners 2007 New York Conference
3. ATS Medical to Present at the 2007 Thomas Weisel Partners Healthcare Conference
4. Thailand: Partners Open Free AIDS Treatment Clinic in Renowned AIDS Temple in Lop Buri
5. AtriCure to Present at Roth Capital Partners 2007 New York Conference
6. MDS to Present at Thomas Weisel Partners Healthcare Conference
7. Lutheran Senior Services Partners with Silverchair Learning Systems to Enhance Employee Training and Education
8. AMICAS to Present at Thomas Weisel Partners Healthcare Conference 2007
9. Mettler-Toledo International Inc. Announces Webcast of Presentation at Thomas Weisel Partners 2007 Healthcare Conference
10. National Patient Safety Foundation Partners with Vocera Communications
11. TriWest Creates First-of-its-Kind Partnership to Offer Military Leaders With Grief Support Program
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:2/12/2016)... ... 2016 , ... The law firm of Morrow, Morrow, Ryan & Bassett is ... these scholarships is to encourage applicants to pursue a degree in their field of ... parishes. , “We have available jobs in St. Landry and Evangeline Parishes that ...
(Date:2/12/2016)... ... February 12, 2016 , ... CDRH Enforcement Trends: , Back to the Future , ... , As Winston Churchill said, “Those who don’t learn from history are doomed to ... expect when they come knocking this year. But that takes time. , Take a ...
(Date:2/12/2016)... (PRWEB) , ... February 12, 2016 , ... As a ... hectic schedule, a demanding job, and no time to decompress, Rabinowitz found herself drawn ... herself to meditation for its impact on her life, implementing a 20-minute-per-day meditation practice ...
(Date:2/12/2016)... ... February 12, 2016 , ... ... at Zuckerberg San Francisco General Hospital on April 5-7. The series is a ... create new habits. The workshops cover a broad range of topics, including coaching ...
(Date:2/12/2016)... ... , ... Fisher House Foundation Chairman and CEO Kenneth Fisher joined Governor Brian ... president Scott Bensing, and Peggy Kearns Director, VA Southern Nevada Healthcare System yesterday to ... will be the first Fisher House in Nevada, and will provide free lodging for ...
Breaking Medicine News(10 mins):
(Date:2/12/2016)... 2016  Sequent Medical, Inc. announced today that it ... the safety and effectiveness of the WEB™ Aneurysm Embolization ... aneurysms.  Prof Laurent Spelle , MD, Head of ... France and Principal Investigator of the CLARYS ... and Germany.  Although patients with ruptured aneurysms ...
(Date:2/12/2016)... and SEOUL, South Korea ... Biosys­tems Menarini and Macrogen, Inc. today announced they ... and innovative procedures for precision medicine in cancer. ... Silicon Biosystems, DEPArray™ digital-sorting technology with Macrogen,s high-throughput ... tests certified under the Clinical Laboratory Improvement Amendments ...
(Date:2/12/2016)... MILTON, Ontario , Feb. 12, 2016  Aralez ... specialty pharmaceutical company, today announced the Company will ring the ... Square, New York at 4:00 ... the formation of Aralez. Adrian Adams ... will be held 3:50 to 4:00 p.m. ET.  A ...
Breaking Medicine Technology: