Hyde Park Capital Advises CODY Consulting on Sale to Imagenet
- Editor
- Jan 23
- 2 min read
What's Happening: Hyde Park Capital has announced that its client, CODY Consulting, a provider of software and services for health plan member communications and compliance, has been acquired by Imagenet, a portfolio company of BV Investment Partners. The acquisition aims to create a comprehensive suite of solutions for health plans serving Medicare, Medicaid, and Commercial markets under a single vendor partner.
The Key Moves:
CODY Consulting, serving 71 health plans, adds proprietary software and consulting services for compliance, enrollment, and reconciliation to Imagenet's offerings.
The combined company will serve over 150 health plans through a global workforce of 1,000+ employees across 10 U.S. locations and a delivery center in Manila.
The acquisition addresses the fragmented solutions landscape for health plans, offering a more streamlined, integrated solution with high service delivery standards.
By The Numbers :
CODY Consulting serves 71 health plans across 50 states and Puerto Rico.
The combined company will have a workforce of over 1,000 employees.
Imagenet and CODY will serve more than 150 health plans post-acquisition.
Key Quotes:
"The current solutions landscape for health plans is fragmented, with multiple vendors and disjointed solutions. There is a clear need for vendor-partners who can execute, scale quickly, and deliver a more streamlined, integrated solution," said Zac Fritz, CEO of Imagenet.
"Health plans are looking for a single source end-to-end solution that can enhance efficiencies, reduce costs, and improve overall performance," said Deb Mabari, Founder and CEO of CODY.
"We are excited to support the Imagenet and CODY teams in this transaction and the roadmap forward, aiming to bring a unique set of high-ROI solutions to market for health plans," commented Sean Wilder, Managing Director at BV Investment Partners.
The Bottom Line: The acquisition of CODY Consulting by Imagenet represents a significant consolidation in the health plan services industry. By combining CODY's expertise in compliance and member communications with Imagenet's operational solutions, the merged entity aims to offer a more comprehensive and efficient service suite to health plans. This move is expected to address the industry's need for integrated, high-quality solutions while potentially driving innovation in digital and AI-driven services for health plans.
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