UnisLink Strengthens Board with Healthcare Veterans Klapstein and Schuster

Investor - People | Jan 09, 2025 | Riverside Partners LLC/MA

Riverside Partners, a private equity firm based in Boston, has announced the addition of Julie Klapstein and Christine Schuster to the board of directors of their portfolio company, UnisLink. Recognized leaders in the healthcare sector, Klapstein and Schuster are expected to bring rich industry expertise to the Phoenix-based provider of revenue cycle management services. The appointment aims to support UnisLink's strategic growth plans, tapping into the operational know-how of both new board members. Klapstein, with a storied career including the founding of healthcare IT company Availity, and Schuster, CEO and President of Emerson Hospital, come with diverse experiences poised to enhance UnisLink's market positioning. The move is part of Riverside Partners’ wider strategy of leveraging industry advisors to scale its portfolio companies, particularly in healthcare and technology. With these appointments, UnisLink aims to bolster its technology and service offerings, critical to its continued expansion in managing financial health for physician practices under pressure. Riverside Partners endorses the board enhancements as pivotal to executing its blend of organic and inorganic growth initiatives.

Sectors

  • Private Equity
  • Healthcare
  • Healthcare IT

Geography

  • United States – Riverside Partners is based in Boston, and UnisLink is headquartered in Phoenix, AZ, making the US a relevant geographical context.

Industry

  • Private Equity – Riverside Partners is a private equity firm involved, which owns the portfolio company UnisLink.
  • Healthcare – UnisLink provides revenue cycle management services, targeting healthcare entities such as physician practices.
  • Healthcare IT – Julie Klapstein brings experience from healthcare IT, relevant due to UnisLink's service offerings that include value-based care software.

Financials

  • $1.6 billion – Total capital commitments raised by Riverside Partners since inception.

Participants

NameRoleTypeDescription
Riverside PartnersPE FirmCompanyA Boston-based private equity firm focused on healthcare and technology sectors.
UnisLinkTarget CompanyCompanyA provider of revenue cycle management services for healthcare entities.
Julie KlapsteinNew Board MemberPersonA healthcare IT veteran with board experience in key industry roles.
Christine SchusterNew Board MemberPersonCEO of Emerson Hospital and recognized leader in healthcare management.
David StrandCEO of UnisLinkPersonOverseeing UnisLink's strategy and operations.
David BelluckGeneral Partner at Riverside PartnersPersonKey executive involved in UnisLink's strategic board appointments.
Prosek PartnersMedia ContactCompanyHandles media communications for Riverside Partners.