CHICAGO, January 26, 2018
Outcome Health, a Chicago-based company that provides health education technology to improve patient outcomes at physician practices nationwide, announced today that it has settled all litigation with its investors.
The group said: “The resolution is based on our conviction in the company’s mission and path to growth that will be beneficial for all stakeholders in the healthcare community — patients, physicians, and life sciences companies — by enhancing delivery of effective and informed health information, services, and treatment options.”
As a result of the settlement, the equity investors, lenders and company’s founders are recommitting $159 million to Outcome Health, which will be used to reduce the company’s debt by $77 million and further strengthen and scale its technology platform, automated processes and overall customer operations. Founders Rishi Shah and Shradha Agarwal have moved into the roles of Chairman and Vice Chair of the Board of Directors from their previous positions. The expanded Board of Directors, which also includes three new independent directors and two investor representatives, is launching a search for a new CEO.
Outcome Health’s mission is to activate the best health outcome possible for every person in the world. It provides the nation’s largest point-of-care digital network, a BPA-certified platform of more than 140,000 digital devices that includes waiting room screens, easy-to-use tablet technology, exam room wallboards and Wi-Fi access in more than 40,000 physician offices across the country. Using the platform, patients receive relevant and actionable healthcare intelligence along with contextual advertising in the moment of care.
Outcome Health Press Office