SAN DIEGO, BUSINESS WIRE — PracticeTek, a front-runner in delivering software, payments, and billing solutions for the retail healthcare sector, announced the appointment of Steve Auerbach as the Chief Executive Officer, effective from May 1, 2024. Having held the position of Chairman of the Board since October 2023, Auerbach is not new to the company’s dynamics. With over three decades of healthcare sector experience, Auerbach notably served as CEO of Alegeus and held significant leadership roles at Connextions, UnitedHealth Group, ChannelPoint, and Cigna. Backed by his solid track record of steering companies to market leadership positions, Auerbach’s appointment is a strategic move as PracticeTek navigates through its next growth phase. Affirming his deep-seated passion for the team and conviction in PracticeTek’s potential, Auerbach envisions driving the retail healthcare industry forward. Lightyear Capital, boasting a majority stake in PracticeTek, expresses confidence in Steve Auerbach’s proficiency to catalyze growth. Michael Petrzela and Michael Langer, Managing Directors at Lightyear Capital, applaud Auerbach’s competence, particularly noting his contributions to the field of consumer directed healthcare. PracticeTek, dedicated to advancing healthcare technology solutions for retail clinics, champions efficiency and improved patient care through its suite of services, catering primarily to chiropractic, vision, dental, and wellbeing practitioners. Lightyear Capital, a New York-based private equity firm, harnesses over two decades of expertise in aligning with enterprises at the crossroads of finance services, technology, and healthcare.

Healthcare Technology, Private Equity,San Diego, United States, New York, United States