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FRANKLIN, Tenn. – Health care revenue cycle management firm Passport Health
Communications, Inc. has named Scott MacKenzie, previously with McKesson
Corporation, to succeed Jim Lackey as chief executive officer. Lackey will
remain chairman of the board of directors.
“When we recapitalized the company last year, I informed the new owners and
management team that I wanted to begin a succession plan to bring in a new CEO,”
said Lackey. “The timing is right for me personally and for the business to have
a new leader at the helm, and Scott is the right person. He has proven himself
to be a terrific leader throughout his career in health care information
technology and I am certain he will lead Passport effectively in our next phase
of growth.”
MacKenzie since 2005 was president of RelayHealth Pharmacy Solutions, now part
of McKesson, where he was responsible for the business unit’s turnaround
resulting in rapid and dramatic gains in revenue growth and profitability.
Prior to joining McKesson, MacKenzie spent six years in various executive
capacities with Cerner, most recently as vice president and general manager –
providing care. His approximately 25-year career in information technology also
includes posts with AT&T, General Electric and EDS. He brings to Passport
notable achievements in new business development and organic growth initiatives
as well as merger/acquisition activity, business partnerships, generating
transaction-based revenue and overseeing successful new product launches.
“I am confident my leadership experience and track record for business growth
and development will allow me to contribute to Passport and help the
organization reach the next stage,” said MacKenzie. “Under Jim’s leadership
Passport has earned a remarkable reputation in the health care technology field.
The company has high expectations for the future and has a great platform from
which to achieve them. It is a wonderful opportunity for me.”
MacKenzie will relocate from the Atlanta area to Passport’s corporate
headquarters in Franklin, Tenn. He holds dual bachelor’s degrees in finance and
economics from Utah State University and an MBA from the University of Michigan.
Lackey was among the first employees
to join Passport in 1996 just months after entrepreneur Dan Proctor founded the
company and is the only CEO Passport has ever had. He served as president for
two years before becoming CEO in 1998 and became chairman in 2006. His health
care career spans more than three decades with experience in hospital
administration, leading insurance and managed care organizations, consulting and
the startup and leadership of Passport.
Although Lackey is relinquishing his CEO responsibilities he will remain
actively involved as chairman. His immediate focus will be a smooth transition
for MacKenzie and he will head the board’s ongoing direction and oversight as
Passport executes on its plans for continued growth.
“I am maintaining my ownership position in the company because I have faith in
its long-
term success,” added Lackey. “We built Passport from scratch and have been
fortunate to experience a great deal of success these past 13 years, but I am
convinced of the potential for even greater things in the future. This is a
natural step in the progression of the company.”
Since 1996 Passport has grown from a start-up into a leading health care
information technology company. Passport is a highly profitable, rapidly growing
company serving more than 5,300 health care providers in all 50 states and
employing approximately 300 people. In 2008 the company processed 130 million
transactions.
About Passport Health Communications, Inc.
Passport Health Communications, Inc., Nebo Systems, Inc. and The Cosand Group, a
family of companies owned by Passport Holding Corporation, provide health care
technology to more than 5,300 hospitals, physician practices and other health
care providers in all 50 states. The companies deliver a range of
administrative, clinical and financial tools via real-time, batch and integrated
technology to improve the efficiency and accuracy of the revenue cycle process.
For more information, visit
www.passporthealth.com.
About Great Hill Partners
GHP is a private equity firm that manages over $2.5 billion in capital to
finance the expansion, recapitalization or acquisition of growth companies in a
wide range of sectors within the business and consumer services, media,
communications and software industries. GHP targets investments of $50 million
to $150 million. For more information, please visit
www.greathillpartners.com.
About Primus Capital Funds
Founded in 1983, Primus Capital Funds is a private equity firm that invests in
high-growth companies within the healthcare, business services, and for-profit
education industry sectors. Transaction types include management-led buyouts,
recapitalizations, and primary investments of growth capital. For more
information, please visit
www.primuscapital.com.
About Spectrum Equity Investors
Founded in 1994, Spectrum Equity Investors is a leading private equity firm
specializing in investments in profitable, growing service businesses throughout
North America and Europe. With offices in Boston and Menlo Park, Spectrum
currently manages over $4.0 billion in capital. For more information, please
visit
www.spectrumequity.com.
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