Exym LLC, a Leader in EHR Software for Behavioral Health Clinics Partners With Alpine Investors
LOS ANGELES & SAN FRANCISCO–(BUSINESS WIRE)–Exym
LLC, the leader in cloud-based EHR software for outpatient behavioral
health clinics in California, announced today that it has partnered with Alpine
Investors V, VI, and VI-A, LP (“Alpine”), a values-driven private
equity firm with a mission to build enduring software companies. Exym’s
founder, Matt DeBeer, will remain active in the business, transitioning
to a product strategy and customer advocacy role as CTO. Nick Horn, part
of Alpine’s PeopleFirst program, has assumed the role as CEO at Exym.
Since its inception in 2004, Exym has acquired over 75 customers and
proudly delivers best-in-class customer support, product reliability,
and ease-of-use to thousands of active users while processing over $300
million in electronic claims in the past year. Built with clinicians and
end-users in mind, Exym EHR offers comprehensive billing, documentation
and scheduling functionality for managing behavioral health practices.
Exym also provides robust reporting and foster care services, and its
premium Electronic Data Interchange (EDI) capability guarantees that
providers can reliably interact with county claims systems, Medicare,
and private payers to ensure timely billing and reimbursement.
“Behavioral health is an increasingly critical component of a
well-functioning health system in this country and what Matt and his
team have built at Exym is truly special,” said Mark Strauch, Chairman
of the Board and Partner at Alpine. “By combining Nick’s leadership
experience with Matt’s deep understanding of our customers and
technology, we are poised for accelerated growth. I’m excited to see
where we can go together.”
Already the dominant mental health EHR software for contract providers
in Los Angeles and Orange Counties, a market of over 13 million people,
Exym continues to grow throughout California and the western United
States. Building on over a decade of EDI experience, and over $1 Billion
in total processed electronic claims, Exym plans to further broaden its
product portfolio and tightly integrate its cloud-based software with
other major California county behavioral health information systems.
The partnership with Alpine allows Exym to make strategic investments in
engineering and expand its customer support capacity. “We are incredibly
excited to be teaming up with Alpine Investors,” said DeBeer. “This
partnership will provide Exym with additional resources and expertise to
accelerate company growth now that we have a market-proven EHR solution
with more deployed customers in the largest market in the country.”
“Both the performance and future potential for the company is
remarkable,” commented Horn. “Before finalizing our partnership, we
spoke with numerous Exym customers and their praise for Matt, the Exym
team, and the product was effusive. The opportunity to support even more
customers in their quest to help people, while preserving what makes
this company great and unique, is incredibly thrilling and energizing. I
couldn’t be more excited to lead Exym into the next chapter.”
About Exym
Exym LLC is the leading EHR software provider for outpatient mental
health clinics in California with over 75 customers and over 5,000
active clinician users. The Exym software simplifies the process of
electronic billing (EDI), documenting and managing behavioral health
services with intuitive, cost-effective and easy-to-use cloud-based
software. For more information, visit www.exym.com.
About Alpine Investors
Alpine Investors is a values-driven private equity firm with a mission
to build enduring companies by working with, learning from and
developing exceptional people. Alpine specializes in middle-market
companies in the software, online and business services industries. For
more information, visit www.alpine-investors.com.
Contacts
Exym
Nick Horn, 931-472-8235
nhorn@exym.com
