“Our company is committed to delivering healthcare providers the tools to achieve higher reimbursements, increased profits, and improved productivity,” said Tamar Glaser, president at MMX Holdings.
John Seitz, CEO and founder, adds, “This transaction will enable us to continue focusing on the company’s growth targets and its expansion into additional markets.”
“We are excited to continue building upon our strong momentum in the ASC market,” said Mr. Seitz. “We will leverage the intellectual and financial capital of PCG and scalability of UST Global to deploy our solutions in ASCs as well as other verticals in healthcare.
Gary Winnick, CEO and chairman of Pacific Capital Group, noted, “MMX is creating next-generation software platforms that will redefine the competitive landscape in healthcare.”
About MMX Holdings
MMX Holdings is developing and deploying innovative, real-time solutions for the ambulatory surgical center industry and for healthcare providers. ManageMyASC.com is a real-time, interactive management tool that provides an unprecedented view into the financial and operational performance of an ASC. AccredAbility.com is a comprehensive accreditation tracking and reporting solution. AccredAbility replaces binders, clipboards and missing information with the access of the internet, a simple data capture process, a comprehensive database, and a sophisticated reporting mechanism. For more information visit: www.managemyasc.com.
About Pacific Capital Group
Pacific Capital Group is a Los Angeles-based investment firm founded in 1985 by financier and philanthropist Gary Winnick, who is chairman and chief executive officer. PCG assists in the development and implementation of creative, global solutions on behalf of its portfolio companies. The firm raises and provides capital, strategic direction, management development, and financing for companies in a broad range of industry sectors, including financial services, clean technology, telecommunications, healthcare and real estate. PCG’s financial innovation and portfolio management have created more than $75 billion in value for investors. For more information visit: www.pacificcap.com.
About UST Global
UST Global Inc. provides information technology and business process outsourcing services for Global 1000 enterprises. The company offers application development and maintenance, ecommerce, managed services, QA and testing, consulting, infrastructure, enterprise solutions, business intelligence, data management, and mortgage BPO services. It serves healthcare and insurance, retail, financial services, transportation and logistics, manufacturing and automotive, media and entertainment, and utility and energy industries. For more information visit: www.ust-global.com.
