• Fox Rent A Car, Inc.

  Participated · Equity · Jul 2017

  Fox Rent A Car is a discount, airport‑focused rental car operator that maintains a fleet of more than 16,000 vehicles across 19 locations in eight states. Founded in 1989 and led by co‑founder Allen Rezapour, the company positions itself as a low‑cost alternative to larger rental brands. Fox emphasizes technology‑enabled efficiencies and proactive price management and reports positive operating income for over twenty‑five years. Its customer base is primarily leisure travelers, and it operates in seven of the top ten airports by rental revenue. The company offers a selection of foreign and domestic vehicles at significant discounts versus larger operators. Management has indicated the company will use new capital to pursue opportunities while continuing its value‑oriented service model.

• Etransmedia Technology

  Led · Equity · Feb 2014

  Etransmedia delivers integrated software, services and connectivity solutions to automate critical functions in the healthcare industry, with a focus on revenue cycle management and practice-management workflows. The company operates nationally from Troy, New York, and serves healthcare systems, hospitals and affiliated physician practices. It has more than 400 employees and reaches over 12,000 providers and 40,000 users. Etransmedia is pursuing inorganic growth: the latest investment from Praesidian supports its merger with DoctorsXL, which will expand geographic reach and cross-selling opportunities. Management anticipates continued progress building Etransmedia’s customer base in the $38 billion revenue-cycle-management industry. The company has previously received financing from Praesidian, including a financing two years ago that refinanced its debt. Etransmedia is a 13-year-old, Troy, New York–based healthcare IT company that offers a comprehensive suite of software and services, including its Connect2Care platform with integrated EHR/PM, patient engagement and personal health record, health information exchange, and ACO tools. The company also provides Revenue Cycle Management services to accelerate cash flow and improve returns for clients. Etransmedia serves more than 12,000 providers and 40,000 users, operates across 43 states, and employs 400+ people. Management says growth has expanded its geographic footprint and customer base while maintaining high levels of customer service. The company plans to use new funding to support acquisitions intended to augment its proprietary technology and accelerate growth. Etransmedia has been recognized on the Inc. 500 list (2013) for fastest-growing private companies and on the Deloitte Technology Fast 500 (2013). Etransmedia Technology provides software and services for financial and clinical management, including Revenue Cycle Management, integrated Practice Management and Electronic Health Record systems, patient identity management, a discrete clinical data repository, orders/results portal, patient portal, and analytics tools. The company serves 12,500 providers and 30,000 users across 43 states and employs approximately 400 people. Founded roughly 12 years prior to the announcement, Etransmedia has grown through product innovation and strategic acquisition. The company has been recognized on the Inc. 5000 list for multiple consecutive years and by the Deloitte Technology Fast 500. Management intends to use new capital to replace existing debt and to fund future opportunistic acquisitions. Praesidian characterized the opportunity as in a $17 billion sector that will require greater technology resources.

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