SANTA ANA, Calif.--(BUSINESS WIRE)--Capario, a leading provider of revenue cycle management solutions that connect healthcare payers and providers nationwide, today announced that it has named Stephen Garcia as chief financial officer. As CFO, Garcia will work in tandem with the executive committee to identify opportunities for enhancing Capario’s market position and presence.
"I am excited to have Steve join our executive management team," said Jim Riley, president of Capario. "Steve comes to us with a wealth of industry experience and a proven track record for building and executing successful financial plans for growing companies in the IT and healthcare markets. I look forward to his contributions as we enter our next phase of growth.”
Garcia brings to Capario more than 15 years of senior executive experience in finance and administration, including initial and follow-on public offerings, SEC compliance, financing growth strategies, merger integrations, formulation and implementation of restructurings, ERP systems, internal controls and Sarbanes Oxley compliance implementation. Garcia’s broad background extends across both public and private company settings.
Previously, Garcia worked as CFO for Glenmount Global Solutions, Inc., where he was responsible for finance and treasury, and where he led the restructuring of the organization. Prior to that, Garcia spent five years as executive vice president and CFO at Obagi Medical Products, Inc. where he was responsible for finance, treasury, sales operations, investor relations, and SEC compliance. During his tenure at Obagi he led the company’s IPO process in 2006, secondary offering in 2007, and implementation of its SOX/404 compliance program.
“I appreciate the opportunity to be a part of Capario’s team,” said Stephen Garcia, CFO at Capario. “I look forward to working closely with Jim and the rest of the team as the company capitalizes on the numerous opportunities for expansion and accelerated growth. This is an exciting time to be joining this industry and in particular this company.”
About Capario
For more than 20 years, Capario has provided industry-leading technology solutions to help providers get paid more quickly and more accurately. Capario operates a single, nationwide, real-time, open network that powers its revenue cycle management solutions. Capario has connectivity to more than 4,000 payers and is directly connected to more than 72,000 providers and an additional 158,000 providers via vendor partners. Based in Santa Ana, Calif., Capario is accredited by the Electronic Healthcare Network Accreditation Commission (EHNAC) and the CAQH® Committee on Operating Rules for Information Exchange (CORE®) for Phases I and II. Capario is a privately held company owned by Marlin Equity Partners. To learn more, visit www.capario.com.
About Marlin Equity Partners
Marlin Equity Partners is a Los Angeles, California-based private investment firm with over $1 billion of capital under management. The firm is focused on providing corporate parents, shareholders and other stakeholders with tailored solutions that meet their business and liquidity needs in special situations. Marlin invests in businesses across multiple industries that are in the process of undergoing varying degrees of operational, financial or market-driven change where its capital base, industry relationships and extensive network of operational resources significantly strengthens a company's outlook and enhances value. Since its inception, Marlin, through its group of funds and related companies, has successfully completed over 30 acquisitions. For more information, please visit www.marlinequity.com.