IOD Incorporated, a Green Bay, Wis.-based provider of release of information services and solutions to hospitals and physician clinics in the United States, has received a $35m minority investment from middle market private equity firm LLR Partners.
LLR is partnering with IOD’s existing management team in the transaction.
As stated by Mike Wickman, CEO of IOD, with LLR, the company will have both the capital available and the expertise necessary to grow its core business and acquire complementary businesses which allow it to better serve customers.
With a base of over 1,800 hospital and medical clinic customers, IOD partners with Health Information Management (HIM) departments to provide end-to-end release of information services, scanning, imaging and storage of medical records, conversion of records to an EMR platform, and other information management services.
In order to insure high-quality of services and close integration, IOD employees work on site at customer locations.