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FRANKLIN, Tenn.,
June 26, 2006 – Passport Health Communications, Inc. is pleased to announce its
recognition as a Healthcare Informatics Top 100 Companies by Revenue.
“We are honored to receive
this award, now for the second year,” states
Keith Ely, President. “We have
continued to witness dramatic growth through increased new sales and strategic
acquisitions. Passport’s recent recapitalization further underscores our
long-term growth potential and allows us even greater opportunity to provide new
and valuable products and services to our provider organizations.”
In May 2005, Passport completed its latest
acquisition with Healthworks Alliance, Inc., a recognized leader in medical
necessity compliance and remote clinical ordering. In April 2006, Passport
announced a $70 million leveraged recapitalization led by Primus Venture
Partners, Inc. with additional debt provided by Allied Capital and Fifth Third
Bank.
Passport upgraded from No. 92 in 2005 to No. 65 in
2006. This represented the sixth largest growth percentage (47 percent) of all
companies included in the Top 100. Healthcare Informatics’ data
gathering process began in the early spring of 2006 as thousands of IT companies
across the nation completed an online survey requesting detailed revenue
information. The ranked companies reported combined sales in excess of $20
billion, a considerable feat against an increasingly regulated environment with
aggressive market consolidation.
Passport Health Communications, Inc., headquartered
in Franklin, Tenn., is a national healthcare solutions provider. Passport
connects its customers – 1,300+ hospitals, 1,600+ physician clinics and
outpatient centers with access to payer information to facilitate and improve
their revenue cycle process. Passport is committed to providing quality data
through innovative technology and information solutions and unsurpassed customer
support. Passport has also been recognized as one of Business TN
magazine’s Top 20 Best Employers
as well as one of the top 50 fastest
growing private companies in the state.
For more information on Passport Health
Communications and its products and services, please visit
www.passporthealth.com.
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