HealthEdge Completes Sale of Data Dimensions to Thompson Street Capital Partners
HealthEdge Completes Sale Of Data Dimensions to Thompson Street Capital Partners
TAMPA, FLORIDA – December 12, 2019 – HealthEdge Investment Partners has announced that it has completed the sale of Fund II portfolio company Data Dimensions to Thompson Street Capital Partners.
Based in Janesville, WI, with facilities in Iowa, Kentucky, and Florida, Data Dimensions is a leader in outsourced business process automation services for clients in the P&C insurance, financial services and government industries, providing data and document management to many of the nation’s largest insurers, mail order pharmacies, manufacturers and government agencies.
“HealthEdge’s expertise and operationally-oriented approach helped Data Dimensions identify and achieve important milestones in our growth over the past five years,” said Data Dimensions’ CEO Jon Boumstein. “We are thankful for the value-added and collaborative experience that we had with the principals at HealthEdge and are excited about our future expansion with Thompson Street.”
Scott Heberlein, Partner with HealthEdge, also commented, “we are proud of the progress made and value created during our five year investment in Data Dimensions. During that time, Jon and his team signed a variety of new client relationships, launched innovative automation solutions to better serve its commercial payor and government customers, and instituted processing efficiencies which strengthened the organization’s operating metrics. All of these positive efforts helped drive growth in enterprise value.”
ABOUT DATA DIMENSIONS
Since 1982, Data Dimensions has been helping clients better manage business processes and workflows by bridging the gap of automation, technology, and physical capabilities. As an innovative leader in the area of information management and business process automation, we provide a complete range of outsourcing and professional services including mailroom management; document conversion services; data capture with OCR/ICR technologies; physical records storage and electronic retrieval services through our state of the art Tier III data center.
ABOUT HEALTHEDGE INVESTMENT PARTNERS
HealthEdge Investment Partners is an operating-oriented private equity firm founded in 2005 that focuses exclusively on the healthcare industry. HealthEdge seeks to achieve superior returns by investing in businesses that benefit from the knowledge, experience, and network of relationships of its partners.
HealthEdge’s partners have more than 100 years of combined operating experience in healthcare as CEOs and investors. For more information on HealthEdge, please visit www.healthedgepartners.com.