Austin, TX (August 14, 2020) – RiverGlade Capital (“RiverGlade”), a healthcare services-focused private equity firm, has formed a new partnership with Longhorn Health Solutions, Inc. (“Longhorn” or the “Company”), a leading provider of care management solutions, in partnership with managed care organizations (“MCO”), for patients with incontinence issues. Terms of the transaction were not disclosed.
Longhorn serves more than 30,000 home-based patients in Texas, providing them with tailored clinical coaching and product solutions that improve their quality of life. The Company’s value-based-care focus led it to create a differentiated capitation payment model that drives meaningful economic savings for its MCO partners through appropriate product utilization and better incontinence patient outcomes.
RiverGlade partnered with James Whittenburg, President and Chief Executive Officer, who has been with Longhorn since 2015. Mr. Whittenburg will continue in his leadership role with the Company. In addition, Guidon Partners (“Guidon”), a hands-on partnership of former leaders of healthcare organizations, made a minority investment in the transaction. Guidon brings numerous direct relationships and years of experience working at and with many of the Company’s existing and potential MCO partners. In addition, Jim Robison, former Chairman, President and Chief Executive Officer of Animal Health International and former Chief Operating Officer and Executive Vice President of General Medical Corporation, will be joining the Board of Directors of Longhorn as Chairman. Mr. Robison brings significant leadership experience within the medical products and distribution sectors. Upstream Capital, a private equity firm with a focus on investing in healthcare companies, also participated in the transaction.
About Longhorn Health Solutions
Longhorn Health Solutions, founded in 2005 and headquartered in Austin, TX, is a leading provider of care management solutions, in partnership with managed care organizations, for patients with incontinence issues. For more information, visit http://www.longhornhealth.com.
About RiverGlade Capital
RiverGlade Capital is a healthcare services-focused private equity firm that invests in founder-owned, high-quality, differentiated businesses. RiverGlade partners with companies that have demonstrated strong organic growth and where value can be accelerated through human capital investments, operational improvements, strategic planning, and dynamic organic and inorganic growth initiatives. For more information, visit http://www.rivergladecapital.com