Tampa, Fla. – (May 29, 2009) – Lovett Miller & Co. portfolio company, MED3000 Group, Inc. (MED3000), a national leader in healthcare management and technology products and services for providers and employers, today announced the creation of MED3000 Practice Resources, LLC, a joint venture with a subsidiary of Tenet Healthcare Corporation (NYSE: THC), which is a 20% minority owner. MED3000 Practice Resources will provide health information technology (including practice management systems, electronic health records, and personal health records) and management services (including revenue cycle management, group purchasing and comprehensive practice and data management) to physician practices in the 12 states where Tenet operates, including the majority of employed physicians at Tenet hospitals.
About Lovett Miller & Co.
Lovett Miller & Co., co-headquartered in Jacksonville and Tampa, Florida, provides growth capital and shareholder liquidity for rapidly growing, privately held companies throughout the United States with a particular emphasis on technology-enhanced service companies and healthcare firms. The Firm invests in a range of financings including (1) growth capital, (2) minority shareholder liquidity transactions, and (3) growth buyouts. Lovett Miller & Co. typically invests $3 to $10 million in equity per company, although it is willing to consider both smaller and larger equity investments. For more information on Lovett Miller, visit www.lovettmiller.com.
MED3000, a leader in healthcare management services, information management, and technologies, advances the quality and performance of healthcare delivery for providers and payors across the United States. Focused on the provision of evidence-based management and population health management, MED3000 empowers over 15,000 physician, hospital, employer, health system, and municipal clients across the United States. For more information on MED3000, visit www.MED3000.com or contact Karla Sartori, MED3000 Corporate Marketing, at 412-937-8887 or Karla_Sartori@MED3000.com.
Tenet Healthcare Corporation, through its subsidiaries, owns and operates acute care hospitals and related ancillary health care businesses, which include ambulatory surgery centers and diagnostic imaging centers. Tenet’s hospitals and related health care facilities are committed to providing high quality care to patients in the communities they serve. For more information on Tenet, visit www.tenethealth.com.