Dr. Donald A. Deieso, Operating Partner and Co-Head of Arsenal's Healthcare Group will serve on the board of directors of the Company. Dr. Deieso commented, "Our investment in TractManager highlights Arsenal's focus on building a strategic portfolio of world-class companies that address the compliance and business improvement needs within healthcare. We are committed to applying Arsenal's financial resources, executive experience, and industry relationships in assisting TractManager implement its growth strategy."
About Arsenal Capital PartnersArsenal Capital Partners is a leading New York-based private equity firm that invests in middle-market specialty industrial and healthcare companies. Arsenal makes investments in sectors where the firm has significant expertise and experience. Arsenal targets businesses that have the potential for further value creation by working closely with management to accelerate growth and leverage the firm's operational improvement capabilities. Arsenal currently has over $1.4 billion of committed equity capital. For additional information on Arsenal Capital Partners please visit www.arsenalcapital.com.
About TractManagerTractManager is a leading provider of technology, systems, and services for healthcare which include contract management, compliance, and business intelligence serving the healthcare industry exclusively, and currently works with more than 6,000 healthcare facilities and over 130,000 users across the United States and international markets. The Company's solutions assist healthcare professionals by providing the tools necessary to improve management's visibility of contractual obligations, enhance compliance, streamline workflow, and deliver actionable business intelligence. TractManager has offices across the United States, as well as in Bogota, Colombia, and Rio De Janeiro, Brazil. For additional information about TractManager, please visit www.meditract.com.
Contact: Chris TofalliChris Tofalli Public Relations914-834-4334SOURCE Arsenal Capital Partners