Camden Partners Co-Leads $61M Financing of Essence Group Holdings Corporation
Baltimore, Maryland – July 20, 2011 – Camden Partners is pleased to announce its investment in Essence Group Holdings Corporation, one of the nation’s leading providers of cloud-based software and services that improve the quality and lower the cost of health care.
Camden Partners co-led the financing with new investors that included Kleiner Perkins Caufield & Byers of Menlo Park, California.
Camden Partners Managing Member Christopher Kersey will join the board of directors of EGHC alongside John Doerr of Kleiner Perkins Caufield & Byers, Denis Cortese, Chairman and CEO Emeritus of the Mayo Clinic, and others.
EGHC Chairman and CEO Michael Long, who previously served as Chairman and CEO of WebMD (NASDAQ: WBMD) and Healtheon, is one of the nation’s leading health care entrepreneurs and leads a blue-chip management team that includes Frank Ingari, former Chairman and CEO of Shiva Corporation, and Richard Jones, former Division President of United Health Group (NYSE: UNH).
For more information, please see the company’s press release
About Essence Group Holdings Corporation
EGHC is an expert in accountable health care. The company’s solutions, offered through its Lumeris technology and business services subsidiary, include sophisticated software and specialized services that deliver previously unattainable collaboration among health plans, hospitals, physicians and patients.
For more information, please visit www.eghc.com and www.lumeris.com
About Camden Partners
Founded in 1995, Camden Partners is one of the largest growth equity and investment management funds in the United States with more than $700 million under management. Camden focuses on the technology-enabled healthcare, business services and education sectors.
For more information, please visit www.camdenpartners.com
Camden Partners Investment Criteria – “10-10-10″
Companies with > $10M Revenues Companies with < $10M EBITDA Equity Check Size: @ $10M
