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Emmi Solutions, an outcomes-driven patient engagement company, completed a majority recapitalization of the company Friday. Emmi has not yet disclosed the parties involved or specific dollar amounts, only that the terms of the recap were favorable to the original investors.
Jordan Dolin, vice chairman and founder, exclusively told Built In Chicago of the sale Monday, saying that more details will be released once discussed with all involved parties.
With clients such as NorthShore University HealthSystem, Indiana University Health and Stanford University Medical Center, Emmi Solutions has worked to empower patients to be more active in their own healthcare. Since 2002, Emmi has grown to a team of about 90 people and an executive team with a variety of experiences.
Emmi’s entire team, who Dolin calls “a remarkable group of people who created amazing products,” will remain in place. “They grew what was an idea into a thriving company,” he said.
He said he attributes Emmi’s growth to the team and to Devin Gross, who joined the company a year after it was founded and has served as CEO for the past three years. “Devin is the one who had all the sleepless nights going through the process,” Dolin said.
As for Dolin himself, roughly 10 years after founding Emmi, he said he is excited to see the company positioned for continued growth.
“What more could a founder want than to see a company grow and continue on?” Dolin said.
