LongueVue Capital invests in Prime Health Services
LongueVue Capital (LVC), a New Orleans-based private equity firm, has invested USD8m of senior secured debt in Prime Health Services, a national provider of medical cost containment solutions.
Founded in 2001 and headquartered in Brentwood, Tennessee, Prime Health is a diversified medical cost containment company that offers a full spectrum of services, including a nationwide Preferred Provider Organisation (PPO) as well as medical cost containment solutions.
Prime Health's cost containment services are tailored to the workers' compensation, auto liability and corrections markets. The company's primary customer base includes insurance companies, third party administrators, and self-insured employers.
"Prime Health has become a leading provider of cost containment solutions in a niche market and is recognised for providing high quality and customized solutions for its customer base," says John McNamara, co-founder and managing partner of LongueVue Capital. "We are enthused to partner with the company and provide capital in support of the build out of Prime's capabilities to support the workers' compensation, auto and corrections markets."
"We are excited about our partnership with LongueVue Capital and appreciate the opportunity to partner with an experienced institutional investor like LVC," says Prime Health president and chief executive officer, Brian Sharp. "This financing enables our company to continue to focus on the evolving needs of our customers as we develop a breadth of offerings that will create additional savings within the complex healthcare system."
- By Category
- News from other sites
- Special Reports
- Partner events