Health Information Designs Receives PE Investment from BV Investment Partners
Health Information Designs, an Auburn, Alabama-based provider of primarily healthcare-related information technology and data analytics services, has received a private equity investment from BV Investment Partners.
The investment in HID was made in partnership with the Gibson family, who founded the business in 1979.
Led by CEO Rob DiBenedetto, the company, which helps healthcare organizations improve patient health and reduce operating costs, offers drug utilization review, prescription drug monitoring, prior authorization and surveillance utilization review solutions as well as insurance identification and verification services focused on reducing the uninsured motorist rate.
The company’s client base spans approximately 30 states and includes Medicaid agencies, state health department programs, and several commercial health insurance providers, managed care organizations and pharmacy benefit management organizations.
Concurrent with the closing of the transaction, Andrew Davis and Matthew Kinsey have joined HID’s Board of Directors.