CRG invests $65M in HNI Healthcare

BOULDER — CRG, a health-care industry investment firm with offices on Boulder’s Pearl Street Mall, in Houston and New York, has invested $65 million in Texas-based physician practice management company HNI Healthcare Inc.

HNI leverages technology to create programs and performance metrics aimed at improving patient care, according to a company news release.

“As the country’s healthcare system continues its shift toward value-based care models, hospitals are being asked to deliver better outcomes at a lower cost,” CRG managing director Scott Li said in a prepared statement. “HNI’s technology-enabled care strategies drive superior results for hospitals and their patients. Using comprehensive management practices and data-rich workflow tools that guide decision making, HNI helps physicians meet and exceed the most critical indicators of hospital quality and financial performance.”

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CRG is registered in Colorado as Capital Royalty L.P.

“As a healthcare-focused investor, CRG understands the unique aspects of today’s marketplace,” HNI CEO Mike Gonzales said in a statement. “They were thoughtful and pragmatic around financing the continued growth of HNI, which gives us the scale we need to make a positive impact on hospitals and health systems on a national level.”

That continued growth for HNI includes an acquisition earlier this month of Cleveland-based Martin Healthcare Group, which provides inpatient care and staffing solutions to acute and post-acute care hospitals across the Midwest and Florida.