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iVantage Health Analytics Raises $10M in Equity to Further Accelerate Growth
Date:6/13/2013

BALTIMORE, MD (PRWEB) June 13, 2013

iVantage Health Analytics (iVantage), a leading provider of health care informatics and business analytics solutions that transform complex data into actionable business intelligence, announced it has raised $10 million in growth equity from Great Point Partners (GPP). The equity investment will fund expanded sales and marketing efforts, additional investment in technology infrastructure and personnel expansion.

SC&H Capital, an investment banking and advisory firm focused on middle market and growth companies, served as the sole placement agent to iVantage Health Analytics in connection with the transaction.

iVantage was formed in August 2011 through the merger of four existing and established health care informatics companies and is a leading provider of health care business analytics solutions to hospitals. The Company is led by a highly credentialed management team including Hud Connery, Jr., former COO of HealthTrust and CEO/Founder of Essent Healthcare, John Morrow, former SVP at Healthgrades and HCIA/Solucient/Thomson Reuters Healthcare, Thomas Hutchinson, former SVP at HealthStream Research, and Thomas Day, former Head of Health Care at Bain Consulting and former CFO of the Advisory Board Company.

iVantage’s solutions help transform complex clinical and financial data into actionable business intelligence, and this platform is used by hospital management teams to drive empirical and evidence based decision making. The differentiated solution is able to displace incumbent siloed data solutions by providing hospitals with an integrated product suite across clinical, functional, and market analytics. These tools are positioned at the center of a large market opportunity due to increased demand for meaningful data driven by new compliance based requirements and operational challenges of the Patient Protection and Affordable Care Act.

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