VMG Health expands advisory services with addition of two new executives

October 12, 2021

VMG Health, the market leader in providing full-service healthcare advisory, consulting and transaction related services, is pleased to announce it is expanding services in the advisory division to support clients’ ever evolving needs. “VMG is excited to add Jack Wolf and Patrick Solomon to our growing advisory practice. Both Jack and Patrick have extensive experience as senior executive of large private and publicly traded healthcare organizations. Each of them brings a unique set of skills and expertise which will assist our clients in addressing complex operational and financial problems. Our objectives at VMG Health will always be rooted in healthcare industry expertise and high level responsiveness, Jack and Patrick will enhance our capabilities on both fronts” said VMG Health CEO Greg Koonsman.

Jack Wolf has joined as Managing Director in the Nashville office. He brings over 35 years’ experience of managed care and payer/provider relationship contracting activities, including strategic development and advancement; leading major payer negotiations; evaluating a hospitals or health systems managed care contract portfolio performance; and providing interim executive management and/or internal staff development. Prior to joining VMG Health, Jack Wolf held senior executive roles with Envision Healthcare, HCA and Ascension. Jack’s passion for assisting providers in growing their managed care portfolio net revenue, solving complex contracting situations, and establishing sustainable practices within hospital, health system and medical group clients will bring added value to VMG Health’s client base. “The need for thoughtful review and negotiation of managed care contracting and relationship has never been more pressing, particularly as more non-traditional investors seek acquisitions in healthcare. I am pleased to join the VMG Health team and to partner with my fellow colleagues in building value for our clients,” said Wolf.

Patrick Solomon has joined as Director in the Nashville office, to enhance VMG’s advisory services in physician group practice operations and hospital-based physician service line optimization. Patrick Solomon has three decades of experience in acquiring and operating physician group practices, including on behalf of private equity. Prior to joining VMG Health, he held various senior executive roles at Envision Healthcare and predecessor companies, most recently as the Chief Strategy Officer for the enterprise and later as President of the Anesthesia division. As a seasoned executive, he is capable of solving operational issues for hospital-based services on behalf of the medical group and hospitals, making him a highly qualified addition to VMG Health’s advisory division. “It is an honor to join VMG as part of their rapidly growing advisory services division. VMG has an excellent reputation in the hospital community and I look forward in applying practical experience from industry to provide solutions for their hospital and private equity clients,” said Solomon. “A collaborative approach with physicians combined with technical expertise is key to optimizing operational and financial performance.”

About VMG Health: VMG Health is a recognized leader in healthcare transaction advisory and consulting services. Known for providing high-quality, independent advice in a timely manner, VMG Health has been delivering thought leadership and solutions to clients related to all types of healthcare organizations, facilities, and compensation arrangements since 1995. VMG Health provides compliance related transaction services including business, real estate, and asset valuation, physician compensation plan design and valuation, buy side and sell side quality of earnings / financial due diligence, coding compliance services, strategic advisory services, litigation and dispute services, and reimbursement consulting. VMG Health is owned by VMG Employees and Northlane Capital Partners, LLC (“NCP”). NCP invested in the company in March 2020. For more information, please visit vmghealth.com.

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VMG Health Acquires Health Care Futures, a Business Strategy and Consulting Firm

February 3, 2021

DALLAS–(BUSINESS WIRE)–VMG Health, the market leader in providing full-service healthcare transaction advisory and consulting, is pleased to announce it has acquired Health Care Futures, a business strategy and consulting firm with offices in Minneapolis and Chicago. The transaction was recently closed, and the two firms will be fully integrated in the first quarter of 2021. VMG Health is owned by VMG Employees and Northlane Capital Partners, LLC (“NCP”). NCP invested in the company in March 2020.

Health Care Futures was founded in 1996, with a focus to meet the needs of healthcare executives and board members by providing creative strategy and innovative business advice for both current and anticipated challenges. Health Care Futures provides a full suite of strategic services associated with health system, hospital and medical group positioning, mergers and acquisitions, and financial and capital planning to its clients. The Health Care Futures team will comprise VMG Health’s Strategic Advisory Services division.

With Health Care Futures’ extensive experience providing strategic operational insight to hospitals, health systems, academic medical centers, and medical groups, VMG Health will now be able to seamlessly provide its current clients with these value-added services. Similarly, the Health Care Futures client base will benefit from VMG Health’s long-standing reputation of expertise in healthcare transactions, compliance, and physician alignment.

“We are thrilled to announce the addition of the Health Care Futures team to VMG Health. Our firms share the same commitment to providing unmatched expertise and responsiveness to our healthcare services and institutional customers. We are committed to providing a broader array of services to meet the needs of our customers as their markets continue to evolve,” said Greg Koonsman, Founder and CEO of VMG Health.

Cordell Mack, former partner at Health Care Futures and now Managing Director at VMG Health, commented, “The Health Care Futures team is excited to start its partnership as part of VMG Health. We look forward to continuing to provide our clients with high value advisory services and expanding our reach throughout the existing VMG Health network. The healthcare market is only increasing in complexity, and the combined expertise of VMG Health and Health Care Futures will benefit business leaders in accessing a broader suite of consulting and transaction services.”

Eugene Krichevsky, Partner at NCP, added, “Health Care Futures represents VMG Health’s second acquisition, and further validates that strategic M&A is a compelling initiative to complement VMG Health’s proven track record of market leading service quality, organic growth, and service line expansion.”

About VMG Health

VMG Health is a recognized leader in healthcare transaction advisory and consulting services. Known for providing high-quality, independent advice in a timely manner, VMG Health has been delivering thought leadership and solutions to clients related to all types of healthcare organizations, facilities, and compensation arrangements since 1995. VMG Health provides compliance related transaction services including business, real estate, and asset valuation, physician compensation plan design and valuation, buy side and sell side quality of earnings / financial due diligence, coding compliance services, litigation and dispute services, and reimbursement consulting. For more information, please visit www.vmghealth.com.

About Northlane Capital Partners

Based in Bethesda, MD, Northlane Capital Partners is a middle market private equity firm focused on key segments within the healthcare and business services sectors, where its principals have invested $1.5 billion of equity capital. NCP’s strategy is to partner with industry leading companies and great management teams, aligning incentives to accelerate growth and build value. Northlane Capital Partners was recently named to Inc.’s 2020 Private Equity 50 list of the top founder-friendly private equity firms. For more information, please visit www.northlanecapital.com.

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VMG Health Acquires RR Health Strategies, a Medical Coding, Compliance, and Operational Excellence Firm

December 8, 2020

DALLAS–(BUSINESS WIRE)–VMG Health, a leading full-service healthcare valuation and transaction advisory firm, is pleased to announce it has acquired RR Health Strategies, LLC (“RRHS”), a medical coding, compliance, and operational excellence management consulting firm based in Hauppauge, New York. VMG Health is a portfolio company of Northlane Capital Partners, LLC (“NCP”), which invested in VMG Health in March 2020.

Founded in 2012, RRHS provides a full-suite of medical coding compliance focused and operational excellence management (“OpEx”) services to health systems, academic medical centers, law firms, CPA firms, billing vendors, private equity firms, and healthcare practices. Pam D’Apuzzo, President of RRHS, and the legacy RRHS team will now lead VMG Health’s new Coding, Compliance, and Operational Excellence service line.

RRHS has a long-standing reputation of assisting clients with coding compliance and due diligence services using experienced coding and billing experts. RRHS’ coding compliance services are critical to the assessment of revenue integrity, both in the normal course of business and related to any potential transaction. The OpEx team optimizes workflow and staffing to help reimbursement accuracy and minimize costs, while keeping regulatory compliance a top priority.

“The VMG team and I are excited to welcome RRHS to VMG. RRHS is uniquely qualified to augment VMG’s existing capabilities with new, compliance-driven offerings. Pam’s industry reputation and service capabilities made RRHS a top priority to add to VMG’s platform, and our entire client base will benefit from having RRHS as part of VMG,” said Greg Koonsman, Founder and CEO of VMG Health.

Pam D’Apuzzo, added, “We view the strategic combination with VMG Health as only improving our capabilities, and it will give our current clients access to VMG’s wide range of resources. We hope to leverage the VMG Health network to expand our reach and continuously improve our service quality.”

Eugene Krichevsky, Partner at NCP, commented, “The acquisition of RRHS will be a significant value driver for VMG Health going forward. VMG Health has a proven track record of adding new service lines, and continuing to do that, both organically and via acquisition, is a crucial strategic initiative for VMG to best serve its client base.”

About VMG Health
VMG Health is a recognized leader in healthcare transaction advisory services. Known for providing high-quality, independent advice in a timely manner, VMG Health has been delivering thought leadership and solutions to clients related to all types of healthcare organizations, facilities, and compensation arrangements since 1995. VMG Health provides compliance related transaction services including: business, real estate, and asset valuation, physician compensation plan design and valuation, buy side and sell side quality of earnings / financial due diligence, coding compliance services, litigation and dispute services, and reimbursement consulting. For more information, please visit www.vmghealth.com.

About Northlane Capital Partners
Based in Bethesda, MD, Northlane Capital Partners is a middle market private equity firm focused on key segments within the healthcare and business services sectors, where its principals have invested $1.5 billion of equity capital. NCP’s strategy is to partner with industry leading companies and great management teams, aligning incentives to accelerate growth and build value. Northlane Capital Partners was recently named to Inc.’s 2020 Private Equity 50 list of the top founder-friendly private equity firms. For more information, please visit www.northlanecapital.com.

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Northlane Capital Partners Invests in VMG Health

March 25, 2020

BETHESDA, Md.–(BUSINESS WIRE)–Northlane Capital Partners (“NCP”) announced today that it has made an investment in VMG Health (“VMG”), a leading full-service valuation and transaction advisory firm exclusively focused on the healthcare industry. NCP invested in partnership with VMG’s existing management team and key employees, led by Founder and CEO Greg Koonsman.

Founded in 1995, VMG Health provides compliance related transaction services including: business, real estate, and asset valuation, physician compensation plan design and valuation, buy side and sell side quality of earnings, litigation and dispute services, and reimbursement consulting. Additional information is available at www.vmghealth.com.

“I am thrilled that we have entered into a partnership with Northlane Capital Partners to continue our firm’s legacy of healthcare transaction expertise. We share a vision with NCP for the next phase of our company as the market leader in healthcare valuation, diligence services, and consulting. Our singular focus in healthcare allows us to differentiate our core services of healthcare business and real estate related valuation, quality of earnings and diligence, physician compensation consulting and valuation, and reimbursement related consulting. Now in our 25th year, we will continue to build the VMG Health brand which has been synonymous with expertise, quality, and responsiveness to our customers,” said Greg Koonsman, Founder and CEO of VMG.

Eugene Krichevsky, Partner at NCP, noted, “VMG is the clear leader in a niche within the healthcare sector where we can utilize our industry expertise and network to help create value. We look forward to working alongside Greg and the VMG team to continue to broaden VMG’s capabilities and customer base, both through organic growth initiatives and the acquisition of complementary service lines.”

Sean Eagle, Partner at NCP, added, “We are very excited to partner with VMG. The company’s compelling value proposition and best in class team, coupled with the continuously evolving healthcare regulatory landscape, provide a strong foundation for future growth.”

ABOUT NORTHLANE CAPITAL PARTNERS

Based in Bethesda, MD, Northlane Capital Partners is a private equity firm focused on key segments within the healthcare and business services sectors, where its principals have invested $1.5 billion of equity capital. NCP seeks investments in middle market companies based in North America with EBITDA of $5 million to $30 million. NCP’s strategy is to partner with industry leading companies and great management teams, aligning incentives to accelerate growth and build value. For more information, please visit www.northlanecapital.com.

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