Milwaukee PE firm buys into Medical Partners LLC
The Milwaukee private equity firm Blackthorne Partners has invested $2 million into Integrated Medical Partners LLC (IMP), a Milwaukee firm that manages a portfolio of healthcare information technology service businesses. IMP’s companies partner with physicians and hospitals to promote better delivery of patient care, enhanced compliance, improved operational efficiency and increased profitability.
"At Blackthorne, we see a lot of opportunity in companies like IMP, which we believe are underserved by other private equity firms," said John Syburg, founder and president of Blackthorne Partners, who has joined IMP’s board of directors.
IMP has three divisions: Dominion Medical Management, a national leader in revenue cycle management serving hospital-based physician groups; ProSperus, focusing on office-based physicians and small community hospitals; and Plexus TeleRadiology, which serves radiologists.
Bill Pickart, IMP’s chief executive officer, said Blackthorne’s involvement will provide vital additional support to help his company build on the success of Dominion, its oldest and largest division.
"Our partnership with Blackthorne will allow us to drive growth in ProSperus and Plexus similar to what we’ve achieved with Dominion,” said Pickart. “We’re excited to work together toward realizing the great potential of our newer divisions.”
