Former CEO of Electronic Data Interchange Company to Help MedAvant Build Long-Term Value for Its Clients

Jim Brady, Operating Partner at Marlin Equity Partners, will serve as Executive Chairman of MedAvant

SANTA ANA, Calif.--(BUSINESS WIRE)--MedAvant Healthcare Solutions (MedAvant), a leader in healthcare technology and transaction services, today announced that Jim Brady will serve as MedAvant’s Executive Chairman. Brady is an Operating Partner with Marlin Equity Partners, a private equity firm that acquired MedAvant in the fall.

“I am honored to be involved with all of the exciting changes taking place at the company and look forward to providing strategic support and counsel.”

“Jim’s experience working with top-tier healthcare IT companies will enable us to strengthen our organization’s long-term goal of being a leader in the field, providing quality customer service and an extensive national reach,” said Andrew Lawson, president of MedAvant. “We are happy to add another member to our team with the leadership and strategic vision that Jim possesses.”

Brady has more than 20 years of experience in the healthcare technology and business services sector. Prior to joining Marlin Equity Partners, Brady was the founder and CEO of Payerpath, Inc., a Web-based healthcare claims clearinghouse acquired by Misys in 2006. After the sale, he served as president of Payerpath, a Misys company, and on the Misys Healthcare Systems board of directors. Prior to founding Payerpath, Brady held various leadership positions across the healthcare technology field.

“As we begin 2009, it is a great time to be part of the MedAvant team,” said Brady. “I am honored to be involved with all of the exciting changes taking place at the company and look forward to providing strategic support and counsel.”

About MedAvant

MedAvant is a national connectivity network that connects payers with providers in a real-time environment for the purpose of electronically processing administrative, financial and clinical information in order to lower total administrative costs, improve payer, provider and member relationships, and ultimately improve clinical outcomes. For more information, please visit http://www.medavanthealth.com.

About Marlin Equity Partners

Marlin Equity Partners is a Los Angeles, California-based institutional private investment firm with more than $350 million of assets under management. Since 2005, Marlin Equity Partners, through its group of funds and related companies, has successfully completed over 20 acquisitions. For more information, please visit www.marlinequity.com.