CLEARWATER, Fla.--(BUSINESS WIRE)--Synzi announced today a new investment from Kinderhook Industries forming a new separate entity from language services company, Stratus Video.
Synzi’s cutting-edge platform brings together several methods of communications which enhance the telehealth marketplace. The platform improves patient interactions by leveraging mobile devices to strengthen engagement, optimize health outcomes and reduce costs. For health systems, the platform offers on-demand video capabilities that enable virtual consults for urgent care and mental health, as well as virtual visits which optimize care post-discharge. For health plans, the platform streamlines care management programming and increases engagement amongst members at risk for readmission. Uniquely, Synzi can also service limited English proficiency (LEP) and the Deaf/Hard-of-Hearing patient population with direct access to a video interpreter.
“We are very excited for the additional investment to form Synzi as we see this as a unique market opportunity,” said Chris Michalik, Managing Director at Kinderhook Industries, Synzi’s investment firm. “As we saw the incredible growth in Stratus Video, we are confident that Synzi will follow the same growth trajectory as it serves a vital role in improving patient care.”
“The telehealth division of Stratus Video first launched at the 2017 J.P. Morgan Chase Healthcare Conference, so it’s incredibly rewarding, a year later, to be able to showcase our growth and to demonstrate Synzi’s value as a standalone company,” said Lee Horner, CEO of Synzi. “We are excited for the new market opportunities ahead and look forward to working with the right partners to help bring forth an innovative approach to delivering timely care.”
About Synzi
Synzi offers a patient program management
framework that combines video, email and secure messaging communication
modalities for healthcare organizations to address specific patient
needs easily, efficiently, and seamlessly. Synzi uses a sophisticated
platform and configurable framework which automates and optimizes
workflows across multiple modalities. This creates more valuable
connections and more effective care, while bringing convenience and
peace of mind to patients/members. The company helps enable better
performance for healthcare organizations, better access for patients,
and better outcomes for all. To learn more about Synzi, visit https://synzi.com/.
About Stratus Video
Stratus Video is a technology-driven
company that is changing the way patients and medical professionals
connect across all areas of health care. Stratus Video is the largest
and fastest growing video remote languages services company in the
world. Stratus Video offers complete medical language services that
include over-the-phone, video remote, and onsite interpretation along
with an easy-to-use translation service. The company is committed to
enabling visual connections and vital conversations. For more
information, visit www.stratusvideo.com.
About Kinderhook Industries
Kinderhook Industries, LLC is a
private investment firm that manages over $2.0 billion of committed
capital. We have made in excess of 150 investments and follow-on
acquisitions since inception. Kinderhook’s investment philosophy is
predicated on matching unique, growth-oriented investment opportunities
with exceptional financial expertise and our proprietary network of
operating partners. Our focus is on middle market businesses with
defensible niche market positioning in the healthcare services,
environmental / business services and automotive / light manufacturing
sectors. We have a track record of successfully and consistently
building industry leaders. In addition, Kinderhook is a licensed Small
Business Investment Company (SBIC) with the U.S. Small Business
Administration.
For more information, please visit: www.kinderhook.com.
