UnisLink Enhances Board with Healthcare Veterans Julie Klapstein and Christine Schuster
Portfolio - People | Jan 09, 2025 | Riverside Partners LLC/MA
Riverside Partners, a Boston-based private equity firm, recently announced an enhancement to the board of one of its portfolio companies, UnisLink, by appointing Julie Klapstein and Christine Schuster, who are both healthcare industry veterans. UnisLink, headquartered in Phoenix, Arizona, is known for providing full-service revenue cycle management solutions, specializing in value-based care software and services for physician practices. Julie Klapstein brings extensive experience in healthcare IT and revenue cycle management, previously leading Availity and serving on multiple healthcare boards. Christine Schuster, with a formidable background as CEO of Emerson Hospital, brings her clinical and executive expertise to UnisLink. Both are expected to significantly contribute to UnisLink's growth strategies, complementing its executive leadership in executing both organic and inorganic growth plans. Riverside Partners, focusing on healthcare and technology with over $1.6 billion in commitments, continues its strategic oversight to enhance the performance of its portfolio companies.
Sectors
- Healthcare
- Information Technology
- Private Equity
Geography
- United States – The participants involved, including Riverside Partners and UnisLink, are based in the U.S., with specific mentions of Boston, Massachusetts, and Phoenix, Arizona. The industry insights and key personnel also hail from prominent U.S. organizations.
- Massachusetts – Riverside Partners is headquartered in Boston, MA, and Christine Schuster's connections and professional history are significantly linked to healthcare entities in Massachusetts.
- Arizona – UnisLink is headquartered in Phoenix, AZ, indicating the geographical base of its operations and where its primary business activities take place.
Industry
- Healthcare – The article focuses on the healthcare sector, particularly in revenue cycle management, highlighting prominent figures in healthcare and UnisLink's services tailored to physician practices.
- Information Technology – The involvement of Julie Klapstein, who has extensive experience in healthcare IT, and the emphasis on UnisLink's software services represents the intersection of IT with healthcare operations.
- Private Equity – Riverside Partners, a private equity firm, is instrumental in the strategic development of its portfolio company, UnisLink, indicating a focus on investment and growth in its portfolio's operations.
Financials
- $1.6 billion – Total capital commitments raised by Riverside Partners since inception, showcasing their investment capacity in the middle market.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| UnisLink | Target Company | Company | A provider of revenue cycle management services located in Phoenix, AZ, which forms part of Riverside Partners' investment portfolio. |
| Riverside Partners | Private Equity Firm | Company | A Boston-based private equity firm focusing on healthcare and technology, responsible for strategic decisions for its portfolio companies such as UnisLink. |
| Julie Klapstein | Board Member | Person | A seasoned executive with a strong background in healthcare IT and revenue cycle management, joining UnisLink's board. |
| Christine Schuster | Board Member | Person | CEO of Emerson Hospital, offering her extensive healthcare and executive expertise to UnisLink by joining its board. |
| David Strand | CEO of UnisLink | Person | Leader at UnisLink, discussing the strategic benefits brought by the new board appointments. |
| David Belluck | General Partner at Riverside Partners | Person | Partner at Riverside who acknowledges the strategic alignment and value addition to UnisLink's growth with the new board members. |
| Prosek Partners | Media Contact | Company | Public relations firm handling media communications for Riverside Partners. |