SANTA ANA, Calif., Oct. 17, 2008 (GLOBE NEWSWIRE) -- MedAvant Healthcare Solutions (MedAvant), a leader in healthcare technology and transaction services, today announced that Jim Riley has joined its executive management team as Vice President of Sales and Marketing. Mr. Riley has over fifteen years of experience in the healthcare, technology and business services sector. He was responsible for implementing all aspects of Payerpath's sales and marketing strategy from 1999 - 2006. While at Payerpath, Mr. Riley launched a comprehensive sales campaign and built a national sales force that achieved growth rates well in excess of 100% year over year.
"I am excited to have Jim joining our executive management team," said Andrew Lawson, MedAvant's President. "He comes to us with a wealth of industry experience and a proven track record for building high-growth teams sales teams. It is a new day at MedAvant. The company recently completed its acquisition by Marlin Equity Partners, and we are already making changes to help the company achieve its growth potential through investment and by the hiring of strategic resources such as Jim."
"I look forward to joining Andrew and the management team at MedAvant," said Mr. Riley. "They have turned the corner from their balance sheet issues and the company is now 100% focused on achieving growth. I am very optimistic about the opportunities that lie ahead."
MedAvant recently announced that it has been acquired by Marlin Equity, a private equity firm with more than $300M under management. The acquisition allows MedAvant to pursue an aggressive growth strategy through the investment of new capital into the company.
About MedAvant
MedAvant is a national connectivity network that connects payers with providers in a real-time environment for the purpose of transparently messaging administrative, financial and clinical information in order to lower total administrative costs, improve payer, provider and member relationships, and to ultimately improve clinical outcomes.
For more information, visit http://www.medavanthealth.com. MedAvant is a trade name of ProxyMed, Inc.
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