BIRMINGHAM, AL, May 22, 2012 – Founders Investment Banking (“Founders”) is pleased to announce that Health Information Designs, Inc. (“HID”) has received a growth investment by Boston-based BV Investment Partners (“BV”), a private equity firm with over $2.6 billion of committed capital.  Headquartered in Auburn, Alabama, HID provides data analytics and software solutions, and services specializing in healthcare informatics.  As a single-source provider, HID is a market leader in optimizing healthcare outcomes for patients and minimizing costs of providing services throughout the provider-beneficiary ecosystem.  The Company has become a key partner to government and private payers in the healthcare payment chain.

The Principals of Founders Investment Banking acted as the exclusive advisor to HID’s shareholders in the transaction. “BV’s investment in HID is a great example of the opportunity available to growing companies in Alabama and throughout our region to access the broader private capital markets.  We were able to structure a solution that fulfilled the specific, multi-faceted needs of the shareholders, which included:  achieving meaningful personal liquidity at a strong market valuation, maintaining a controlling interest to continue growing the company, and partnering with a value-added capital partner with the resources and experience to help the company maximize its growth potential” stated Duane Donner, Managing Partner of Founders Investment Banking.

HID’s senior management team will utilize BV’s investment and board level support to further accelerate the Company’s growth.  “Founders took the time to understand all of the goals we were seeking to accomplish with this transaction and worked extremely hard to deliver a solution that fully met our unique needs,” said HID CEO Rob DiBenedetto.  “Founders identified the ideal partner in BV, who has the commitment and experience that will help us grow to the next level.  Our markets are experiencing tremendous growth and we are excited that this partnership will ensure that we have the appropriate resources and the capital to better serve our customers, and to grow on both an organic basis and through add-on acquisitions.”

Founders Investment Banking is a corporate finance advisory firm that serves a variety of industries in the Deep South as well as Internet and digital media companies across the United States.  They facilitate merger and acquisition transactions to achieve outcomes that deliver value, liquidity and growth.  For more information on the firm, visit www.foundersib.com, call 205-949-2043, or write Founders Investment Banking, LLC, 2204 Lakeshore Drive, Suite 425, Birmingham, Alabama, 35209. In order to assist Founders Investment Banking with securities related transactions, including this transaction, its Principals are registered investment banking agents of Burch & Company, Inc., member FINRA/SiPC. Burch and Founders are not affiliated entities. The testimonial presented herein does not guarantee future performance or success.

With over 35 years of experience working with state Medicaid agencies, HID currently provides pharmacy support systems and services to state Medicaid agencies throughout the United States to support the health care of more than 17.5 million Medicaid recipients, representing more than one-third of the nation’s Medicaid expenditures. Services provided include Drug Utilization Review, Prior Authorization, Fraud and Abuse Management, Clinical Research, Healthcare Informatics, and Data Analytics Systems. With clients in 29 states, HID supports the health care of Americans nationwide. For more information on HID, visit www.hidinc.com, call 334.502.3262, or write Health Information Designs, Inc., 391 Industry Drive, Auburn, AL 36832.

BV Investment Partners is one of the oldest and most experienced sector-focused private equity firms in North America.  Since its founding in 1983, the firm has invested over $2.6 billion in over 75 companies, actively targeting investments in the information and business services and communications industries.  For more information, please visit www.bvlp.com.