Founded in 2011, Q-Centrix is a leading outsourced healthcare services provider focused exclusively on serving the quality departments of acute care hospitals. The Company has grown rapidly to become a national leader in core measure and registry abstraction services with several hundred client healthcare facilities across the United States. Q-Centrix’s remote expert abstractors typically provide greater accuracy and dependability, while achieving cost efficiencies compared to in-house abstraction staff. In addition to saving time and money, this allows quality departments inside hospitals to reallocate nurses/resources to improving the care process and therefore health outcomes. The Company is benefiting from the monumental shift to an increasingly quality-based reimbursement model, which has put regulatory and market pressure on accurately capturing, reporting and improving quality measures.
Sterling Partners is a private equity firm with a distinct point of view on how to build great companies. Founded in 1983, Sterling has invested billions of dollars, guided by the company’s stated purpose, INSPIRED GROWTH™, which describes Sterling’s approach to buying differentiated businesses and growing them in inspired ways. Sterling focuses on investing growth capital in mid-market companies in industries with positive, long-term trends – education, healthcare, and business services. Sterling provides valuable support to the management teams of the companies in which the firm invests through a deep and dedicated team of operations and functional experts based in the firm’s offices in Chicago, Baltimore and Miami.
Q-Centrix LLC (Portsmouth, New Hampshire) announced that it has been recapitalized by investment funds managed by Sterling Partners (Chicago, Illinois). This transaction is the successful culmination of an initiative led by Bigelow LLC on behalf of Q-Centrix to proactively seek out the “Best New Majority Shareholder” for the Company.
“We started this business to alleviate the increasingly cumbersome, difficult but important task of data abstraction inside hospitals. The fast market acceptance of our model led us to believe that we need additional expertise to continue to accelerate the growth of our business. Sterling Partners brings a unique skill set, experience base and additional resources to grow our business and we resonate with their Inspired Growth philosophy.” Rob Schwager, Founder and CEO Q-Centrix
“Over the past several years we recognized the rapidly increasing demands on quality departments within hospitals and proactively searched for a potential investment. We are extremely impressed with Rob, his management team and the company as they execute on their vision of improving healthcare quality and patient health outcomes.” Dan Hosler, Principal Sterling Partners