H.I.G. Capital News


Rick Rosen
Managing Director

H.I.G. Capital, L.L.C.
1001 Brickell Bay Drive
Miami, FL 33131
P 305.379.2322

H.I.G. Capital Announces Sale of APS Healthcare

MIAMI - June 5, 2007 - H.I.G. Capital, a leading global private equity firm based in Miami, announced today that it has completed the sale of APS Healthcare, Inc ("APS") to GTCR Golder Rauner, LLC ("GTCR"), a private equity firm based in Chicago, Illinois. Terms of the transaction were not disclosed.

APS, based in Silver Spring, Maryland, is a leading specialty healthcare services company that provides a full range of outsourced healthcare solutions to government entities, health plans and employers. The Company delivers an extensive portfolio of targeted Care Management and Behavioral Health programs that enable customers to reduce healthcare costs and improve the quality of care. APS has approximately 1,000 public sector and commercial (health plan and employer) customers in the United States and serves over 20 million members, making it one of the largest specialty healthcare services companies in the country. The Company was founded in 1992 and was one of the first companies to enter the care management sector. Eileen Auen, CEO of APS, commented, "We thank H.I.G. for their valuable support the past few years as we have built the Company's diverse product and service offerings and established APS' strong position in the specialty healthcare market."

H.I.G. recapitalized APS in 2003 in partnership with the Company's founder. Rick Rosen, Managing Director of H.I.G. remarked, "The Company has made great progress during the last three years and we are very proud of what the management team has accomplished. As a result of our top line growth, this has been a very successful investment for H.I.G. and I am confident that APS' success will continue."

About H.I.G. Capital
H.I.G. Capital L.L.C. ("H.I.G.") is a leading global private equity investment firm with more than $4 billion of equity capital under management. Based in Miami, and with offices in Atlanta, Boston, and San Francisco in the U.S., as well as affiliate offices in London, Hamburg and Paris in Europe, H.I.G. specializes in providing capital to small and medium-sized companies with attractive growth potential. H.I.G. invests in management-led buyouts and recapitalizations of profitable and well managed manufacturing or service businesses. H.I.G. also has extensive experience with financial restructurings and operational turnarounds. Since its founding, H.I.G. has completed more than 75 transactions. The firm currently manages a portfolio of more than 50 companies with combined revenues in excess of $7 billion. For more information, please refer to the H.I.G. website at www.higcapital.com.