Tailwind Capital Invests in SDI Health LLC
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NEW YORK--(Business Wire)--
Tailwind Capital, a private equity firm focused on growing companies in the
healthcare, business services, and media/communications sectors of the middle
market, announced today that it has completed an investment in SDI Health
("SDI"). SDI is a leading healthcare analytics provider based in Plymouth
Meeting, PA. Tailwind joins founder Andrew Kress and Philadelphia-based LLR
Partners as investors in the Company.
"We look forward to working with Tailwind and LLR to build the foremost
healthcare information and services company," said Andrew Kress, CEO of SDI.
"Tailwind`s expertise and experience in working with growth businesses in the
healthcare and business services industries will be invaluable as we continue to
broaden our industry coverage and expand the breadth and depth of data and
services we provide our clients."
SDI is the leader in healthcare data integration, custom analytics, and
reporting of patient-level data including de-identified, longitudinal
patient-level information. The Company provides a wide range of near real-time
healthcare informatics and market research to its clients, which include all of
the top 50 pharmaceutical/biopharmaceutical manufacturers, medical and surgical
device manufacturers, retailers and manufacturers of consumer packaged goods,
the federal government, financial institutions, media groups, and other top
healthcare companies.
"SDI is well-positioned to benefit from the changes in healthcare over the next
decade, building on its strong market position collecting, analyzing and
evaluating complex data on behalf of pharmaceutical, healthcare, and government
clients. We are pleased to have the opportunity to provide capital for future
growth and expansion by investing with SDI and its founders," said Douglas Karp,
Managing Partner of Tailwind Capital and Howard Ross, Partner of LLR Partners.
About SDI
Since 1982, SDI has been delivering innovative healthcare data products and
analytic services to the pharmaceutical, biotech, healthcare, medical device,
financial services, and consumer packaged goods industries. SDI is the leading
provider of de-identified patient-level data analytics and offers a broad array
of solutions and insights across the continuum of care. These include custom and
syndicated patient-level data studies; localized disease and treatment
surveillance and projection; market research audits; healthcare profiles;
comprehensive managed care offerings; clinical trial optimization;
direct-to-patient pharmacy programs; marketing effectiveness; sales targeting
and compensation products; data integration, warehousing, and mining; list
services; and direct marketing services. Its current roster includes the top 50
pharmaceutical/biotech companies. www.sdihealth.com
About Tailwind Capital
Tailwind Capital is a leading private equity firm investing in growth-oriented
middle market companies in the healthcare, business services, and
media/communications sectors. Tailwind partners with management teams to build
businesses through organic growth, strategic acquisition, and operational
improvement. The firm currently has over $1 billion under management.
Representative Tailwind investments include VersaPharm (generic
pharmaceuticals), Aircast (orthopedic devices), Freedom Innovations (prosthetic
devices), TowerCo (wireless infrastructure), Archway (marketing logistics), and
Trover Solutions (insurance services). www.tailwind.com
About LLR Partners
LLR Partners, a leading private equity firm based in Philadelphia, PA, provides
capital to middle market growth companies with proven business models in a broad
range of industries including healthcare, financial, and business services,
information technology, and education. With over $1.4 billion under management,
LLR is flexible in its approach, taking minority or control positions, and
leading transactions ranging from expansion and growth capital to shareholder
recapitalizations and buyouts. www.llrpartners.com
Tailwind Capital
Leslie M. Hardin, 212-271-3899
Managing Director
lhardin@tailwind.com
Copyright Business Wire 2009
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