Record Connect Secures New Private Equity Funding to Expand Healthcare Information Management Services

On November 29, 2019, VCBeat (WeChat ID: vcbeat) learned via Business Wire that Record Connect, a healthcare and information technology company, announced the completion of a new round of private equity financing. The specific amount of this round was not disclosed, with NextGen Growth Partners (NGP) as the investor.

Following the completion of this funding round, NGP Resident Entrepreneur Drew Daum will assume the role of Chief Executive Officer at Record Connect. Ty Humpert, founder of Record Connect, has been appointed Chairman of the Board and will continue to lead the company in scaling its operations and expanding its healthcare information management business.

Record Connect, headquartered in Michigan, USA, is a healthcare and information technology company. With offices in Illinois and Michigan, the company primarily provides technical support and information management services to hospitals, clinics, and physician practices in the Midwestern United States. Record Connect’s consulting team is dedicated to customizing personalized solutions for clients, helping healthcare institutions establish digital information management centers, and has received widespread acclaim from the industry.

Record Connect, a leading provider of record and management services, is renowned for its advanced tools and reliable service. The company delivers web-driven record management solutions to clients in the rapidly evolving healthcare landscape, tailoring its offerings to meet their specific needs.

Drew Daum, CEO of Record Connect, stated, “The partnership between NGP and Record Connect is built on shared core values and vision. Record Connect has earned a strong reputation for its services, and we are committed to patient-centric care and the continuous improvement of core service capabilities, such as information management. Moving forward, we will drive further innovation in foundational technologies to ensure that our high standards of service are maintained as we scale our platform.”

“NGP is delighted to partner with Record Connect, and we look forward to working with Drew Daum’s team to take the lead in the future healthcare information management market. I am eager to see Drew Daum and Ty Humper lead Record Connect to a bright future,” said Brian O’Connor, Managing Partner at NGP.

NGP, a private equity firm founded in 2015 and headquartered in Chicago, Illinois, USA, partners with leading entrepreneurs in the healthcare sector. It focuses on acquisitions, operations, and growth in the lower-to-mid market segments, making significant contributions to business development, operational improvement, and value creation. Currently, NGP has engaged investment management professionals such as Ron Wexler to expand its business platform and drive the translation of innovative technologies into predictable market outcomes.

(Compiled by Xu Xiaoxue)