Remedy Partners Announces Appointment of Steve Senneff as Chief Financial Officer

Expanded Executive Team Supports Company’s Continued Growth

NEW YORK–(BUSINESS WIRE)–Remedy Partners, a leading provider of software and services enabling
the organization and financing of healthcare around patient episodes of
care and a New Mountain Capital portfolio company, today announced the
appointment of Steve Senneff as Chief Financial Officer, effective
immediately. The addition of Mr. Senneff further deepens Remedy’s senior
leadership team and will support the company’s continued growth.

Mr. Senneff joins Remedy from DigitalOcean, a provider of cloud
platforms to deploy, manage and scale applications of any size, where he
served as Chief Financial Officer. Prior to DigitalOcean, Mr. Senneff
served in multiple executive roles, including Chief Operating Officer
and most recently as Chief Financial Officer, at Cotiviti Holdings, a
leading provider of payment accuracy and analytics-driven solutions
primarily focused on the healthcare industry.

“We are excited to welcome Steve to the Remedy team,” said Christopher
Garcia, Chief Executive Officer of Remedy Partners. “Steve brings
valuable industry experience, proven leadership abilities and extensive
expertise from leading the financial functions of successful high-growth
technology-enabled companies. We are excited to have him join Remedy as
we build upon our current momentum and continue to accelerate our growth
along with the support of our partners at New Mountain Capital.”

“Steve has demonstrated impressive financial, technological and cultural
leadership at DigitalOcean and Cotiviti,” said Matt Holt, Managing
Director at New Mountain Capital and a board member of Remedy. “His
diverse skill set and entrepreneurial drive will help Remedy further its
mission of supporting the management of bundled payment programs to
improve patient care while reducing costs.”

Kyle Peterson, Director at New Mountain Capital and a board member of
Remedy, added, “We are delighted to welcome Steve and look forward to
his leadership as Remedy enters its next stage of growth.”

Mr. Senneff said, “I am excited to work with Remedy’s talented
management team and New Mountain to continue the company’s impressive
growth trajectory and best position the company for future success. I
value the company’s commitment to continuous innovation in delivering
services that support patient care and reduce costs. I look forward to
supporting the advancement of Remedy’s advanced software and technology
to enable the continued development of the platform and the evolution
from fee-for-service to value-based payment for healthcare.”

Mr. Senneff graduated with a degree in Accounting from the University of
Iowa and received a Masters in Finance from Purdue University’s Krannert
School of Management.

About Remedy Partners

Remedy Partners delivers software and services that enable payers,
employers and at-risk providers to organize and finance healthcare
delivery around a patient’s episode of care. For healthcare providers,
Remedy Partners’ software, analytics and administrative services support
bundled payment contracts with Medicare and commercial insurers, often
through shared-risk partnerships. For payers, Remedy Partners empowers
the development of bundled payment contracting programs and guides the
development of bundled payment networks. Remedy Partners presently
delivers its services to partners at more than 1,000 healthcare
locations nationwide. To learn more, please visit www.remedypartners.com.

About New Mountain Capital

New Mountain Capital is a New York based investment firm that emphasizes
business building and growth, rather than debt, as it pursues long-term
capital appreciation. The firm currently manages private equity, public
equity, and credit funds with over $20 billion in assets under
management. New Mountain seeks out what it believes to be the highest
quality growth leaders in carefully selected industry sectors and then
works intensively with management to build the value of these companies.
For more information on New Mountain Capital, please visit www.newmountaincapital.com.

Contacts

Media:
Remedy Partners
Chuck
Wiggins
Email: chuck@remedypartners.com
Phone:
(203) 541-4613

New Mountain Capital
Dana Gorman, Abernathy MacGregor
Email:
dtg@abmac.com
Phone: (212)
371-5999

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