NEW YORK--(BUSINESS WIRE)--Today, a group led by Fitzroy Health, LLC, a New York investment and management firm, has announced the acquisition of RJ Health Systems International, LLC ("RJ Health"), a drug information company based in Rocky Hill, CT. As part of the acquisition, industry veteran Kelly DeKeyser has been named CEO of RJ Health.
RJ Health is a leading provider of pharmaceutical reimbursement and coding information and services for the healthcare industry. Over 200 of the nation's largest healthcare insurers, pharmacy benefit managers, providers, and drug manufacturers rely on RJ Health for the company’s best-in-class online coding and pricing guide, ReimbursementCodes.com, which will continue to be maintained and operated by RJ Health.
"I am very excited to announce our partnership with Fitzroy Health" said RJ Health founder, John Aforismo. "This transaction provides RJ Health Systems a remarkable combination of experienced and accomplished executives, investors, and capital that will allow us to continue our rapid growth and expansion of products and services to better serve our customers’ needs. I look forward to working with Fitzroy Health in a collaborative effort to take RJ Health and ReimbursementCodes to the next level." Mr. Aforismo will retain an ownership stake in the company and continue to serve in a leadership role.
"RJ Health is an extraordinary company with an outstanding team of experienced, knowledgeable people,” said DeKeyser. “We offer the industry’s leading products and provide tremendous value to our many customers. Specialty pharmaceuticals present the healthcare world numerous reimbursement, usage, and cost trend challenges that RJ is well positioned to help our customers overcome.”
James Nicholls, Managing Director of Fitzroy Health, said "RJ Health has become a central player in driving efficiency in the increasingly complex area of medical claims processing. We're excited to partner with a team whose expertise and products deliver so much value to many of the largest players in the healthcare industry.”
About RJ Health Systems, LLC
RJ Health Systems develops products and services that are designed to offer useable knowledge of pharmaceuticals, including cost, billing, management, and utilization review with the goal of promoting the safe and appropriate use of medication. For more information, visit www.rjhealthsystems.com.
About Fitzroy Health LLC
Fitzroy Health is an investment and management firm that helps high potential healthcare companies reach scale by investing capital, managing execution, and developing commercialization and expansion strategies. For more information, visit www.fitzroyhealth.com.
