SSM Partners congratulates the EnableComp management team on the company's growth recapitalization by Primus Capital. The transaction marks SSM’s exit from the business. “Workers’ Compensation is a small portion of a hospital’s overall reimbursement but, if done correctly, it can be one of its more profitable services. Our partnership with Primus Capital and the investment they are making in the business will benefit our clients and help us execute our planned growth strategies,” said David Jones, who will become both President and CEO of EnableComp.
EnableComp marks SSM’s second successful partnership with EnableComp CEO Jim Lackey, who was previously the CEO of Passport Health. In the six years that SSM has had the privilege of partnering with the team at EnableComp, the company has capitalized on its leadership position in workers’ compensation reimbursement solutions in the healthcare industry. EnableComp is a strong example of SSM’s growth equity strategy and one of several investments SSM has made in healthcare technology. We thank the EnableComp team for an excellent partnership and wish them continued success in the future.
To view the full EnableComp/Primus Capital joint press release, please visit this
link.
In addition to a great team such as that of EnableComp, the typical SSM investment has the following characteristics:
- Equity capital need of $5-20 million
- Revenue of $8-$50 million with 20%+ growth rate
- Approaching profitability or profitable
- Software & technology, healthcare, and internet & consumer companies
- Growth financings and recapitalizations, often but not always minority positions
