HealthEdge Investment Fund II has completed its investment in Data Dimensions, a healthcare related business process outsourcing and automation services provider, which becomes the fund’s fourth portfolio company.
Data Dimensions provides a complete range of outsourcing and professional services, including mailroom management and converting paper forms (i.e. insurance claims, medical claims, dental claims, loan applications, HR forms, and surveys) and unstructured hardcopy documents (i.e. drawings, diagrams, and X-rays) into electronic documents through various forms of document capture services, digital voice recording services, physical records storage, and electronic retrieval services through a state-of-the-art Tier III data centre.
Data Dimensions was founded in 1974 and is headquartered in Janesville, Wisconsin.
“I am very enthusiastic about partnering with HealthEdge in this next chapter for Data Dimensions. We are very much aligned in our vision and growth strategy,” says Data Dimensions’ president and CEO Jon Boumstein. “I am confident that HealthEdge’s expertise and their knowledge of our sector will add value to our business.”
All current Data Dimensions owners will retain a minority ownership stake in the company, and Boumstein’s ownership position is increasing.
HealthEdge managing partner Phil Dingle, says: “Data Dimensions has built a solid reputation. Jon and his team have furthered the company’s industry-leading position in a highly competitive market. This is a testament to Data Dimensions’ service offering, the uniqueness of the customisable Collybus platform, and the hard work and leadership of its people. We look forward to a strong partnership and building on the company’s success from here.”
