Peloton Equity Leads Growth Investment in OnPoint Healthcare Partners

Peloton Equity, a Connecticut-based private equity firm that specializes in investing in innovative healthcare companies, has announced its lead role in a growth investment in OnPoint Healthcare Partners. OnPoint is a fast-growing AI-enabled technology services provider that offers solutions to hospitals and medical groups, aiming to reduce physician burnout and improve administrative efficiencies. The investment is not only led by Peloton Equity but also includes participation from Fort Maitland Capital. The funds will be used to accelerate OnPoint's product development roadmap, strengthen its sales and marketing efforts, and enhance its customer service. OnPoint, founded in 2020, leverages proprietary AI-enabled technology, a global team of physicians, and change management guidance to deliver solutions that reduce the administrative burden faced by healthcare practitioners. By equipping providers with tools to maximize and optimize their time spent caring for patients, OnPoint aims to support healthcare providers in an increasingly complex environment. CEO Jim Boswell expresses excitement about partnering with Peloton to address the significant need to support healthcare providers. The expertise and network of Peloton will help OnPoint expand its reach while maintaining high-quality partnerships. Justin Yang, Partner at Peloton Equity, explains that they seek to partner with companies like OnPoint that make a business out of improving healthcare. The increasing administrative burden on doctors and their employers is unsustainable and a primary driver of cost and provider burnout. Peloton believes that OnPoint's proprietary AI-enabled technology, unique service approach, and operational know-how position them to tackle these issues head-on. Sean Carroll, Operating Partner at Peloton, shares the team's enthusiasm to support OnPoint's next phase of growth and work closely with the management team. With the funding round, Peloton's Sean Carroll and Justin Yang, along with Michael Clark, President of RAAPID.AI, will join OnPoint's board of directors. Legal advice for this investment comes from Goodwin Procter LLP for Peloton and Withers Bergman LLP for OnPoint. Hyde Park Capital Advisors, LLC serves as the exclusive financial advisor to OnPoint in this transaction. About OnPoint Healthcare Partners OnPoint Healthcare Partners, founded in 2020, is experiencing rapid growth as a tech-enabled services provider. It offers solutions that address physician burnout and optimize the financial and operational efficiency of provider organizations. The company's mission is to improve the quality of care by allowing providers to focus on delivering care to their patients. OnPoint's solutions include preparation for and documentation of patient visits, follow-up management, coding and RCM, and more. The company's unique workforce is empowered by its proprietary cloud-based technology ecosystem, IRIS Cloud, which includes Remote Process Automation and Artificial Intelligence capabilities. This combination of technology and expertise enables OnPoint to partner with customers at the point of highest need while managing the roll-out of new products and processes. For more information, visit OnPoint's website. About Peloton Equity Peloton Equity, LLC is a private equity firm that focuses exclusively on growth capital investments in the healthcare industry. The firm was formed in 2014 and invests in companies with revenue ranging from $10 million to $200 million. Peloton looks for companies with a management team, market opportunity, and business model that can significantly grow revenues over the life of its investment. With a clear value proposition to the healthcare industry, Peloton seeks to be a significant investor in high-growth potential companies. The investment team at Peloton has already invested in over 35 unique healthcare companies and deployed over $800 million in capital. For more information, visit Peloton Equity's website. About Fort Maitland Capital Fort Maitland Capital, formed in 2022 by Stephen Griggs, is a private equity firm focused on making investments in healthcare companies and Central Florida-based real estate. With over 30 years of experience in the healthcare industry, Steve Griggs is an accomplished entrepreneur and executive. He is the founder and former CEO of AeroCare Holdings, a home medical equipment and respiratory therapy services company that was sold to AdaptHealth in 2021 for over $1.5 billion. Steve also served as CEO of AdaptHealth from 2021-2023. In conclusion, Peloton Equity's growth investment in OnPoint Healthcare Partners reflects a commitment to addressing the challenges faced by healthcare providers and improving the efficiency of healthcare operations. Through innovative AI-enabled technology and strategic partnerships, OnPoint aims to alleviate physician burnout and enhance administrative efficiencies in the healthcare industry. This investment marks an important milestone in the growth of OnPoint and demonstrates Peloton Equity's dedication to supporting companies that make a positive impact on healthcare.