Cary Street Partners Announces the Sale of Interpoint Partners
RICHMOND, VA – December 7, 2011 – Cary Street Partners LLC announced today that Interpoint Partners LLC has signed a definitive asset purchase agreement with Streamline Health Solutions, Inc. (NasdaqCM: STRM). Interpoint Partners LLC is a healthcare information technology company which develops and provides SaaS-based business intelligence solutions that simplify, facilitate and optimize a healthcare provider’s operating and financial performance. Under the agreement, Streamline Health will acquire Interpoint Partners LLC’s assets for a combination of cash and a convertible subordinated note. Cary Street Partners acted as financial advisor to Interpoint Partners LLC.
“Interpoint is excited to be joining with the Streamline Health team to expand its opportunities to serve the healthcare market with robust and innovative technologies,” says Matt S. Seefeld, Co-Founder and CEO of Interpoint. “We want to thank Cary Street Partners which was a key strategic partner in helping us reach this milestone. They provided us with wise counsel on M&A issues and the capital markets,” Seefeld added.
Interpoint Partners LLC, based in Atlanta, Georgia, provides healthcare business intelligence solutions that improve healthcare providers’ bottom line and organizational performance. With a real-time data access and reporting engine, a robust workflow management system, and an advisory team of industry experts, healthcare providers achieve accelerated cash flow, sustained account receivable levels, efficient revenue cycle management, and higher levels of patient and employee satisfaction. Since it was founded in 2007, Interpoint Partners LLC has achieved significant success and growth with hospital and medical facilities located throughout the United States.
About Streamline Health Solutions
Streamline Health Solutions, Inc. (NasdaqCM: STRM), a leading provider of enterprise and departmental document management solutions and business process workflows, transforms unstructured documents, forms, and images into actionable digital assets that improve processes and revenue across the enterprise. Dedicated exclusively to healthcare, its document management solutions create a permanent document-based repository of information that can integrate seamlessly with existing clinical, financial, and administrative information systems.