CHICAGO and FORT LAUDERDALE, Fla., Jan. 29 /PRNewswire/ -- Houlihan Smith & Company, Inc. (Houlihan) completed advisory services for a non-control investment into Tri-Tech Health, LLC, (Tri-Tech Health) as announced by Charles Botchway, Group Managing Director and Vice Chairman of Houlihan. The advisory services were led by Houlihan Smith Managing Director Reginald McGaugh. Terms of the investment were not disclosed.
"We have been working with Mr. McGaugh and his team since the 3Q of 2008 and truly appreciate their efforts in helping us develop a comprehensive strategy to address our funding needs related to our substantial growth initiatives," said Dr. Michael Kazamias, CEO of Tri-Tech Health. "The financial advisory services regarding this investment were extremely valuable as we continue to expand on a national basis. Additionally, the value added services related to matching our strategic growth initiatives with our funding needs has been very instrumental in helping us to effectively position our company to achieve our goals and milestones."
"I have been truly impressed with the management team, the technology platform and the focus of the company on patient care," said McGaugh, who worked directly with the management team related to the investment. "Their ability to contract directly with managed care companies and various municipalities to provide services outside of the hospital setting provides a significant cost savings versus the traditional model of providing services. Their e-health strategy to force the capture of data of practitioners who are treating the patients leads to better patient outcomes and allows them to change patient treatment plans accordingly."
Tri-Tech Health is a national e-health technology company that provides Tele-medicine wound care treatment and wound care management services to various managed care companies including Humana. Tri-Tech Health provides a network of physician-based specialty wound management utilizing a secure Telehealth-based operating system over high-speed Internet connectivity in physician offices/clinics, skilled nursing and assisted living facilities, and in patients' homes. Tri-Tech Health provides a significant value proposition to their client which consists primarily of managed care companies. Their technology is considered a level IV platform as designated by the Center for Information Technology Leadership. Level IV is considered an Advanced Telehealth fully integrated EHR with Telehealth capabilities and is the highest distinction available.
Houlihan Smith & Company, Inc. ("Houlihan") is a specialized investment banking firm that provides advisory, financing and valuation services to public and private businesses. Houlihan is a registered broker-dealer and FINRA/SIPC member. Houlihan understands the time sensitivity of corporate finance and is able to respond quickly and tenaciously to opportunities. The Houlihan approach creates corporate finance transactions where both business owners and investors mutually benefit. We have the knowledge, experience and relationships to match buyers and sellers, as well as to match the appropriate financing and capitalization structure to each unique client situation. The Houlihan name is synonymous with professional financial expertise, and we provide cost-effective fairness and solvency opinions, as well as valuations for tax and financial reporting to some of the largest NYSE/NASDAQ companies, as well as small, privately held businesses.
Contact: Rebecca Carriere 312.499.5903 firstname.lastname@example.org
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