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IncentOne Announces Follow-On Investment from Strategic Investment Partner
LYNDHURST, N.J.-(BUSINESS WIRE)-IncentOne, a premier provider of integrated
incentive solutions headquartered in Lyndhurst, New Jersey, announced the completion of a
second round of financing from Camden Partners Holdings, LLC, a private equity firm
headquartered in Baltimore, Maryland. This second round is a follow-on to the initial investment
made by Camden Partners in October of 2008.
Proceeds of the financing will be used to expand IncentOne’s leadership position in healthcare
incentives. With the recent sale of its Performance and Loyalty Solutions Business, IncentOne is
entirely focused on being the thought and execution leader in providing incentives to the
healthcare community. IncentOne’s strategic approach to incentives has enabled it to be an
innovator in areas such as healthcare cost reduction, in which its clients include 5 National
Health Plans, 20 Blue Cross Blue Shield Plans, 15 Health Service Partners and numerous
marquee employers.
"IncentOne’s combination of solutions and science provides the financial leaders of health plans,
partners, employers, pharma and governments with an important tool in reducing cost," said
Richard Berkeley, Managing Member, Camden Partners. "They have a clear vision, the market
acceptance of highly respected clients, strong management team, proven solutions and real data
that establish the standard of how incentives reduce cost. Our expertise in technology and
healthcare aligns well with IncentOne’s business model. We are excited about our additional
investment in such a strong platform for continued growth."
"Camden Partners brings expertise and commitment to market leadership," said Michael Dermer,
CEO and President of IncentOne. "In particular, Camden recognizes that innovation requires
‘leadership’. Their most recent investment is further testament to the commitment of Camden
and IncentOne to setting the standard for health incentives."
About IncentOne
IncentOne is a leading provider of incentive solutions to the health community, serving
customers with more than 75 million lives. IncentOne’s programs have driven over 4 million
health milestones. IncentOne delivers these results by combining solutions and science "
marrying its highly flexible technology solutions with the "Science of Health IncentivesTM" and
over 10 million transactions to drive consumer and provider behaviors that reduce healthcare
costs. IncentOne programs target consumers to improve utilization, reduce health risks, increase
medication adherence and steer benefit selection and providers to adopt e-prescribing and EMR
technology, improve patient safety, implement pay-for-performance and reduce administrative
costs. The Company delivers solutions through turnkey design, implementation and
administration services. For more information go to www.incentone.com.
About Camden Partners
Camden Partners Holdings, LLC, founded in 1995, is a diversified investment management firm
based in Baltimore, Maryland. The company invests private equity funds with a focus on
providing growth capital to leading growth companies within the target markets of business and
financial services, healthcare and education. For more information, please visit
www.camdenpartners.com.
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