|FOR IMMEDIATE RELEASE
March 31, 2000
V4 CONSULTING RECAPITALIZED BY FOUNDERS AND PROSPECT PARTNERS
Company Will Grow Consulting Practice Organically and Through Acquisition
INDIANAPOLIS: March 31, 2000… V4 Consulting, LLC today announced
that it merged with V4 Group, Inc., a newly-formed Indianapolis-based
holding company. V4 Consulting is the leading provider of strategic,
performance improvement and information technology consulting services
to middle market healthcare institutions and physician groups primarily
in the Midwest and South. The ten founders of V4 Consulting, led by
G. William Luallen and Stephen L. Furry, and Prospect Partners, L.P.
formed V4 Group for the purpose of recapitalizing and building its
growing consulting practice.
"We are excited about the opportunity to expand on what we
have built. The potential to build a significant consulting practice
focusing on the needs of middle market healthcare providers is awesome.
Our partnership with Prospect Partners will provide both capital
to grow and advice on the challenges presented by the exponential
growth of our business." said G. William Luallen, the managing
partner of V4 Consulting.
Mr. Luallen and Mr. Furry joined with 8 other former executives
at Ernst & Young, LLP to form V4 Consulting in August 1999.
The founders believed that the new company could provide world class,
relationship based consulting services to middle market healthcare
providers in the Midwest. Middle market healthcare providers traditionally
have been under served by the larger consulting practices. These
providers needed assistance in managing the challenges presented
by the rapidly changing economics of healthcare and by the increasing
need for technology in their business. V4 Consulting has the ability
to provide the highest levels of service and expertise to the clients
who needed it the most.
V4 will continue to operate from its headquarters in
Indianapolis. The company has additional offices in Chicago and
Cincinnati and will open offices in Atlanta, Cleveland and Tampa
before Fall, 2000 due to accelerated demand in those markets. V4
employs over 100 people today and is actively recruiting consultants.
Prospect Partners, LLC manages a $105 million private equity fund
focused on financing management-led leveraged acquisitions and providing
growth capital for lower middle market businesses with niche strategies.
"The experience and credibility that Bill Luallen, Steve Furry
and their partners bring to the middle market truly impressed us.
We believe that the V4 team is capable of building a
significant business in the market because they care so passionately
about what they are doing and clients are responding to the enthusiasm
and professionalism of V4’s consultants.,"
said Erik Maurer of Prospect Partners.