Westbury Group Advises OneSource Document Management on Its Sale to HealthPort
The Westbury Group LLC, the investment bank for entrepreneurs, announced today that it served as the exclusive financial advisor to OneSource Document Management, a release of information company based in Ronkonkoma, New York, on its sale to HealthPort, the authority on the compliant exchange of protected health information (PHI) through release of information (ROI) and audit management. The transaction closed on September 19.
OneSource brings 20 years of ROI experience servicing healthcare industry clients across New York, Pennsylvania and Florida. OneSource will join HealthPort’s workforce to deliver excellence in handling and releasing confidential patient health information.
“This merger is an exciting development for OneSource customers, who will now have access to the largest, most secure network of distribution and automated technology available,” said Figen Gungor, CEO of OneSource. “I look forward to facilitating a seamless transition to HealthPort’s technology, while maintaining the high level of client service our customers have come to rely on.”
HealthPort’s merger with OneSource allows HealthPort to provide access to a unique and expansive distribution network, unsurpassed workforce and technology designed to process high volumes of PHI quickly and securely.
“We look forward to working with OneSource customers as we help them meet and exceed their release of information needs,” says Mike Labedz, President and CEO of HealthPort.
About The Westbury Group
Westbury is a FINRA-registered investment banking broker-dealer dedicated to providing exceptional financial and strategic advisory services for entrepreneurial middle market clients. Headquartered in Westport, Connecticut, Westbury’s bankers serve clients across the country. Westbury’s finance professionals bring transactional and real-world operations experience to engagements in a broad range of industries, including technology/media/telecom, manufacturing, aerospace/defense, healthcare and, energy products and services. Drawing on this experience, teams assist clients with mergers, acquisitions, raising debt and equity capital and strategic counsel. The Company works on transactions ranging from $10 million to $200+ million.
Link to the online press release