NEW YORK--(BUSINESS WIRE)--Sep 11, 2018--The Value-Based Care Solutions Group (“VBC”), a portfolio company of Veritas Capital and leading healthcare information technology company that helps healthcare providers achieve industry-leading clinical and financial outcomes, today announced that Bob Segert has been named Chairman & Chief Executive Officer of the Company, effective immediately. Jon Zimmerman, who joined the business from GE Healthcare, has been named President and will report directly to Bob. Veritas Capital acquired VBC from GE Healthcare on July 11, 2018 and intends to rebrand the Company in the coming months.

Mr. Segert joins VBC with over 20 years of leadership experience in the software & IT services industry, spanning across sales, marketing, corporate strategy, M&A, operations and general management. Bob has spent the last decade transforming private-equity-backed companies into market leaders by focusing on delivering outstanding customer outcomes. He most recently served as Executive Chairman of Aspect Software, a global provider of contact center and workforce optimization software and solutions. Immediately prior to Aspect, Bob served as President and CEO of Expert Global Solutions, growing the business to 43,000+ employees and achieving leadership positions in customer relationship management and financial care BPO services. Prior to his time at Expert Global Solutions, Mr. Segert served as President and CEO of GXS, Inc., the world’s largest B2B cloud integration platform connecting 550,000+ businesses through a common transaction processing eco-system. Bob has also served in executive roles at Electronic Data Systems and as a consultant at A.T. Kearney. Mr. Segert holds an MBA from Harvard Business School and a BS in Mechanical Engineering from Purdue University.

“It is an honor to be joining VBC as Chairman & CEO during this exciting, new phase of growth and to lead the company in its mission to serve the complex needs of patients, providers and payers within this fast-growing market. VBC has a word-class team, highly regarded platform and products, and an unmatched commitment to providing the highest level of quality and innovation for its customers,” said Mr. Segert. “I look forward to working alongside Jon Zimmerman and the rest of the leadership team as we continue to deepen customer relationships and capitalize upon the numerous growth opportunities in this dynamic marketplace.”

“Bob’s deep experience and his successful track-record leading private equity-backed software platforms demonstrates our commitment to investing in VBC’s growth potential as a standalone business,” said Ramzi Musallam, CEO and Managing Partner of Veritas Capital. “We look forward to working closely with Bob to accelerate the company’s growth trajectory and position VBC as a leader in the evolving healthcare IT space.”

About The Value-Based Care Solutions Group

The Value-Based Care Solutions Group partners with healthcare providers to achieve industry-leading clinical and financial outcomes by improving care delivery, revenue cycle, and workforce management processes. Veritas Capital, a leading private equity investment firm with significant experience in the healthcare technology space, acquired Value-Based Care Solutions Group from GE Healthcare in July 2018.

About Veritas Capital

Veritas Capital is a leading private equity firm that invests in companies that provide critical products and services, primarily technology and technology-enabled solutions, to government and commercial customers worldwide, including those operating in the aerospace & defense, healthcare, technology, national security, communications, energy, government services and education industries. Veritas seeks to create value by strategically transforming the companies in which it invests through organic and inorganic means.

For more information on Veritas Capital and its current and past investments, visit www.veritascapital.com.

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CONTACT: Veritas Capital

Sard Verbinnen & Co

Robert Rendine/Julie Rudnick

212-687-8080

VeritasCapital-SVC@sardverb.com

KEYWORD: UNITED STATES NORTH AMERICA NEW YORK

INDUSTRY KEYWORD: TECHNOLOGY DATA MANAGEMENT SOFTWARE PRACTICE MANAGEMENT HEALTH HOSPITALS MANAGED CARE

SOURCE: The Value-Based Care Solutions Group

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PUB: 09/11/2018 11:00 AM/DISC: 09/11/2018 11:01 AM

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