Lone View Capital Completes First Investment in Trend Health Partners
Summary
Lone Views investment is expected to support Trends continued rapid growth by enhancing and expanding the solutions it provides to clients while accelerating innovation in the industry. Trends management and employees remain significant shareholders.Trend was founded in 2018 with the objective of leveraging leading-edge technology to improve transparency and collaboration between healthcare payers and providers to reduce inefficiencies in the reimbursement process. Today, Trend serves more than 50 health plans and 750 hospitals, leveraging its advanced analytics and workflow platform, TRENDConnect, to identify and resolve inaccurate payments while reducing administrative costs for all parties.We are thrilled to partner with Lone View Capital on our mission to deliver value to both payers and providers by reducing reimbursement and administrative costs, said Jeff Donnelly, Founder and CEO of Trend. We believe that, together, we can build a unique platform and accelerate innovation in the industry.We couldnt be more excited to have Trend be the first investment for Lone View Capital and are looking forward to building on all their past success, said Rishi Chandna, Managing Partner at Lone View.Cain Brothers, a division of KeyBanc Capital Markets, served as exclusive financial advisor and Gebhardt & Smith LLP served as legal counsel to Trend. Lone View is based in Los Angeles, CA.Trend is a leader in credit balance management and payment accuracy solutions for healthcare payers and providers.