Press Releases
Ziegler announces investment in Certify Data Systems, Inc.
CHICAGO — August 25, 2008 —Ziegler HealthVest Partners, LP – a venture capital fund investing in early- to middle-stage healthcare services, healthcare IT and wellness – announced that it closed a Series A investment in Certify Data Systems, Inc. — a healthcare information technology company.
Certify Data Systems, Inc., a California-based company, provides appliance-based communication gateways that facilitate the exchange of information among or across disparate healthcare information or data systems. In today’s world, hospitals, physicians and other healthcare providers need the capability to share clinical and other types of data on a secure, real time basis so all parties have current and often critical health information available to provide optimal patient care. Certify Data Systems software provides the capability to transform data from communication modes such as Health Level Seven (HL7), a standard healthcare communications protocol, to communication modes most common to physicians and other providers’ offices, such as fax, secure e-mail or various third party electronic medical record (EMR) formats. Uniform data can then be shared among all appropriate parties on a secure, automatic basis regardless of the systems they presently use, or the types of data they can send, store or receive.
Certify’s ability to connect different systems preserves previous IT investment and reduces re-keying of data, resulting in greater efficiency and improved patient care. Keith Henthorne, managing director of HealthVest Management, LLC, notes, “The inability for hospitals and referring physicians to share information important to the patients’ care is a very real problem. Certify is a game-changer and will allow for doctors and hospitals to share important information on a secure, real time basis that is completely HIPAA compliant.” Certify Data Systems’ Founder and CEO Marc Willard concurs, “Certify provides a fundamentally new solution to one of the most frustrating problems in the healthcare community. We are pleased to have Ziegler as our partner as we grow our company.”
Ziegler will join the Certify Data Systems board.
About Ziegler HealthVest Partners
Ziegler’s HealthVest Partners is a private equity fund that invests in early- to middle-stage healthcare services, healthcare information technology and wellness companies.
About Ziegler
The Ziegler Companies, Inc. (symbol: ZGCO) is a growth-oriented boutique investment banking and investment services firm with a primary focus in the healthcare, senior living and church and school sectors. Operations encompass capital markets (capital advisory services, bond underwriting, mortgage banking, institutional sales and trading) wealth management, including asset management and investment services, and alternative investments.
Nationally, Ziegler Capital Markets is ranked as one of the leading investment banking firms for not-for-profit healthcare and senior living organizations, as well as religious institutions and schools.
Ziegler Wealth Management (retail brokerage) encompasses investment and consulting services for individuals, families, business owners and institutions. It operates a network of financial advisors throughout the nation.
Ziegler's alternative investing activities include raising and deploying capital through private investment funds with investment objectives related to the real estate, services and technology sectors of the healthcare and senior living industries.
Certain comments in this news release represent forward-looking statements made pursuant to the provisions of the Private Securities Litigation Reform Act of 1995. The forward-looking statements are subject to a number of risks and uncertainties, in particular, the overall financial health of the securities industry and the strength of the healthcare sector of the U.S. economy.
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