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CRP in the News
May 2007

 


Sale of eCollege


CRP is pleased to announce the upcoming sale of eCollege ("ECLG") to Pearson Plc of London. ECollege is a provider of information services to the post secondary education industry.

eCollege is a pioneer in online distance learning, both in the postsecondary and in the K-12 virtual schools segment, and it is the industry leader in the fast-growing career college segment in the US.

CRP originally invested in eCollege in 2003 to facilitate the acquisition of Datamark, the nation's largest integrated marketing services company targeting the postsecondary education industry. CRP's subordinated debt was repaid in 2006 and CRP's equity position will be monetized in the Pearson transaction. www.ecollege.com

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Dynamic Imaging Launches Next Generation Product


Dynamic Imaging, an established leader in Web-based image and information management, announced today the general release of IntegradWeb® RIS/PACS: the industry's all inclusive, unified solution for ambulatory imaging centers and radiology group practices. Highlighting completion of the IntegradWeb RIS/PACS beta program were successful implementations at Liberty Pacific Medical Imaging, LLC (LPMI) facilities in California and Ohio.

CRP-V invested in Dynamic Imaging in 2005 as part of a growth financing.

www.dynamic-imaging.com

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Mango Bay Beach Resort chooses Softbrands for representation and distribution services


May 11, 2007 - SoftBrands, Inc., a global supplier of enterprise application software, announced that Karyon, its distribution service provider (DSP) solution, has been implemented by Mango Bay Resorts.

Karyon provides Mango Bay Resorts the tools and resources to maximize the volume and profitability of online reservations. Karyon provides hands-on, high-touch service to its member properties, with a strategic distribution advisor assigned to each hotel to help develop consistent, unique rate and distribution strategies and to deploy the necessary tactics to achieve success.

"Karyon afforded Mango Bay Beach Resorts the opportunity to increase our market share at all of our boutique resorts by increasing our visibility on the Internet. Our relationship has extended our reach to countless reservation channels with simplicity and ease. Karyon's dedicated team of professionals and single point of contact made the entire process, from inquiry through implementation, simple and painless. It's comforting to know that we can always contact the same person who guided us through implementation with any questions," said Fabio Pari, vice president of resort management, Mango Bay Management.

"Karyon is very pleased with the relationship with Mango Bay Resorts. It proves to the marketplace that having a services group that understands the needs of not just the largest management groups, but can show a measurable difference of exposure and revenues in medium to small boutique hotels. Karyon strategic distribution advisors understand that many hotels do not have the resources or capacity to deploy complex revenue management strategies, including the ability to be effective in the global distribution systems, we provide the areas of expertise to help level the playing field," said Gregg Hopkins, vice president and general manager of Karyon. "It is the goal of our advisors to really know and understand the hotels that they represent and to effectively guide our members in the strategies that should be the most beneficial."

Powered by SoftBrands' Internet-native central reservations and Web portal products, Karyon gives its members the ability to optimize revenue with complete control over their own inventory while at the same time, helping to reduce operating costs while increasing bookings.

"This service provides SoftBrands with a significant point of differentiation in the hospitality market," said Steve VanTassel, SoftBrands senior vice president, hospitality. "SoftBrands' solutions already help our customers effectively manage both independent and centrally operated hotels as well as their restaurant, spa, marina and golf operations. With the addition of Karyon, hotels can now also better use our solutions to profitably drive demand. We are excited to offer this wide range of hospitality services all backed by a single, global 24x7 support organization. "

 

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Solis Women's Health Opens New Center in Denton, Texas


Solis Women's Health today announced that it has opened its sixth breast care center in Denton, Texas. The Denton center, located on the campus of Denton Regional Medical Center, in the greater Dallas-Ft Worth market, will assume the screening mammography and related diagnostic services formerly provided by Denton Regional.

The 6,000 sq. ft. facility is the first in the Denton area to offer full field digital mammography. In addition to digital screening, digital diagnostic mammography and computer-aided detection, Solis will offer breast ultrasound, bone densitometry and stereotactic and ultrasound-guided biopsy.

CRP-V invested in Solis Women's Health (formerly Women's Diagnostic of Texas) in 2005 as part of a recapitalization financing. www.solishealth.com

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