MedAvant Healthcare Solutions Re-Launches Company as Capario

Business Editors

SANTA ANA, Calif.--(BUSINESS WIRE)--March 12, 2009--MedAvant Healthcare Solutions, a provider of revenue cycle management solutions that connect healthcare payers and providers nationwide, today announced that it is re-launching the company as Capario, effective on March 18. The name was carefully selected to better reflect the company’s broad range of revenue cycle management solutions and a renewed focus on growth.

“Our motivation behind the re-branding is to better show who we are today — a company with a national scope that provides innovative revenue cycle management solutions enabling healthcare organizations to optimize business performance in today’s challenging healthcare environment,” said Andrew Lawson, president of Capario. “With a strong financial foundation, Capario will strive to identify new and creative ways to serve the needs of the market while positioning the company for future expansion and optimizing customer loyalty through top-notch customer service. Our new company name and position embody our ability to evolve with the healthcare industry and address its most urgent and ever-changing needs.”

Since its inception in 1989, Capario has helped physicians, payers and other healthcare organizations nationwide reduce claims processing costs and improve revenue cycle management processes. Offering a national network for claims processing, Capario services include real-time eligibility verification, electronic remittance management, business intelligence reporting and automated claims status tracking. As previously announced, Capario was acquired by Marlin Equity Partners in September 2008.

“We have been pleased with Capario’s continued momentum in the market with numerous new contracts and services, including the recent acquisition of HDM’s Medicare Crossover business,” said Jim Brady, executive chairman of Capario and an operating partner with Marlin. “We look forward to the company’s continued success as it expands service offerings and its nationwide connectivity.”

The company’s Web site will move to www.capario.com as part of the name change.

About Capario

Capario provides industry-leading, revenue cycle management solutions connecting payers, providers and vendors. With an extensive network of direct connections to payers nationwide, Capario enables healthcare organizations to expedite revenue cycle processes while improving cash flow, streamlining workflow and increasing efficiency. Based in Santa Ana, Calif., Capario is a privately held company owned by Marlin Equity Partners. To learn more, visit www.capario.com.

About Marlin Equity Partners

Marlin Equity Partners is a Los Angeles, California-based institutional private investment firm. Since 2005, Marlin Equity Partners, through its group of funds and related companies, has successfully completed over 20 acquisitions. For more information, please visit www.marlinequity.com.