LOS ANGELES, September 18, 2008 – Marlin Equity Partners, LLC is pleased to announce that it has acquired the assets of Capario, a healthcare technology company that facilitates the electronic exchange of medical claims and clinical information among hospitals, doctors, medical laboratories and insurance payers. Marlin Equity purchased the assets of Capario through a bankruptcy auction in a Section 363 sale following Capario’s bankruptcy filing in July. Headquartered in Santa Ana, CA, Capario provides mission-critical EDI claims-processing through connections with over 200,000 providers and payers. Capario’s proprietary and scalable software platform PhoenixSM supports real-time transactions to and from payers directly.
“Capario is a leading solutions provider in the Healthcare IT sector and has built a national connectivity network centered around a robust technology platform,” said George Kase, Partner at Marlin Equity Partners. “Marlin Equity will enable Capario to pursue an aggressive growth strategy and we look forward to working with Capario’s management team to build long-term value.”
Andrew Lawson, CEO of Capario added, “Marlin Equity’s operational support will help Capario to execute on its business strategy and the added financial resources will allow Capario to accelerate growth both organically and through acquisitions. With Marlin Equity’s backing, we are extremely excited to realize the full potential of this business.”
About Marlin Equity Partners, LLC
Marlin Equity Partners, LLC is a Los Angeles, California-based private investment firm focused on providing corporate parents, shareholders and other stakeholders with tailored solutions that meet their business and liquidity needs in special situations. Marlin Equity invests in businesses across multiple industries that are in the process of undergoing varying degrees of operational, financial or market-driven change where our capital base, industry relationships and extensive network of operational resources will significantly strengthen a company’s outlook and enhance value. Since 2005, Marlin Equity Partners has successfully completed 25 acquisitions across a variety of industries. For more information, please visit www.marlinequity.com.
Capario, formerly operating as MedAvant Healthcare Solutions, provides industry-leading, revenue cycle management solutions connecting payers, providers and partners nationwide. The company’s real-time solutions help providers speed and improve reimbursement, payers gain business performance improvements and partners increase their competitive edge in the marketplace. By automating manual processes, organizations can reduce operational costs, minimize paper-based methods, improve efficiency and streamline communications.
For additional information, please contact Peter Spasov at (310) 364-0100 or via e-mail at email@example.com.