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From the Wires
Psilos Makes Equity Investment in Click4Care
Healthcare Experts Will Extend Board Leadership and Aid in Accelerated Market Adoption of Click4Care's Innovative Medical Manage

By: Marketwire .
Apr. 10, 2007 01:00 PM

POWELL, OH -- (MARKET WIRE) -- 04/10/07 -- Click4Care, Inc., a provider of innovative medical management software for payers, providers and patients, today announced the successful completion of a $10,000,000 equity investment by Psilos Group, among the nation's most successful healthcare venture capital firms. In conjunction with the investment, Click4Care announced that Psilos' Senior Managing Member, Dr. Albert Waxman, and Managing Member, Steve Krupa, have joined Click4Care's Board of Directors.

Click4Care's flagship product, ThinkHealth, delivers a holistic approach to care management that brings the myriad of un-integrated processes -- predictive modeling, disease management, care management and various administrative support functions -- together under one platform and transforms them into a seamless, differentiating solution for providing care and preventing illness.

Psilos brings vast healthcare experience to Click4Care and has a proven history of keenly identifying industry-transforming healthcare and medical technology investment opportunities that create viable, sustainable and highly valuable businesses.

"Psilos is pleased to be a part of this excellent company," said Dr. Waxman. "Led by a visionary management team, the company is truly transforming the way in which care management and access to and analysis of personal health information is administered. This approach is revolutionizing care management as we know it, and this revolution is essential to the effective ongoing evolution of the consumer-directed healthcare movement."

"We are delighted to welcome Psilos to the Click4Care team," said David Blauer, founder and CEO of Click4Care. "Their deep healthcare experience and vision mirrors ours. It's a vision that compels us to create solutions that do much more than just managing costs. With Psilos' support, we intend to unveil an extraordinary industry-spanning solution accessible by all participants in the healthcare value chain."

About Psilos

Psilos Group has been a successful healthcare venture capital firm since its founding in 1998 and currently has approximately $450 million under management. Psilos focuses its investments across the healthcare services, healthcare information technology, and medical device and instrumentation sectors. Psilos invests nationwide in businesses that are poised to create enduring market value by fundamentally improving the U.S. healthcare system. Our portfolio companies are sustainable and high-value businesses that have demonstrated ability to reduce the costs of healthcare delivery, improve clinical quality and advance the alignment of payer, patient and provider incentives. www.psilos.com

About Click4Care

Click4Care provides innovative medical management software that dramatically improves healthcare for payers, providers and patients. Its award-winning ThinkHealth product suite drives enterprise-wide changes in the processes and business models of healthcare delivery, which enables providers to reduce costs and improve the quality of care that patients receive. Some of the world's most progressive health insurance providers rely on ThinkHealth for a more consumer-driven approach to medical management. Today, millions of Americans are benefiting from ThinkHealth's best-of-breed technology and medical management content. For more information, visit www.click4care.com.

CONTACT:
Kathy Wilson
For Click4Care
781-652-0499
kwilson@tieronepr.com

Steve Krupa
Psilos Group
212-242-8844

Published Apr. 10, 2007— Reads 106
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