Heartland Information Services: Corporate Overview

Heartland Information Services is among the industry leaders in medical transcription services. A recent independent survey by KLAS^® Enterprises ranked Heartland third overall out of 12 outsourced transcription firms.

Founded in 1997 in Toledo, Ohio, Heartland applied its proprietary GEMSTAR™ dictation and transcription system to grow from a handful of employees to a firm that now employs more than 2,500 medical transcriptionists worldwide.

After being acquired by HCR ManorCare in 2000, Heartland fueled its growth by focusing on improved quality, faster turnaround times and translating transcription efficiency into financial advantages for its customers.

Beecken Petty O’Keefe & Company – a private equity firm based in Chicago – purchased majority ownership of Heartland in 2007.

Heartland Information Services is still headquartered in Toledo. The company also features transcription work centers in Bangalore, Chennai, Mumbai, Pune and Delhi, India, plus a network of qualified at-home transcriptionists providing service to more than 200 hospitals and clinical customers.


Beecken Petty O’Keefe & Company

Beecken Petty O’Keefe & Company (BPOC) is a Chicago-based private equity management firm founded in 1996 to invest in middle-market buyout transactions, recapitalizations and growth platforms in the health care industry. BPOC manages about $500 million in equity commitments, including a majority ownership of Heartland Information Services.

BPOC provides the financial strength and other resources to fuel the rapid expansion of Heartland. “We are very pleased to have Jerry Cirino (CEO) and Brett Himes (CFO) as the top leaders of Heartland,” said David Beecken, Partner at BPOC. “With their combined proven track record in both private equity and large public company settings, as well as extensive experience in health care and global operations, they are tremendous assets in leading the company and meeting our aggressive growth goals.”



David K. Beecken
Partner, Beecken Petty O'Keefe & Company

Prior to founding Beecken Petty O'Keefe & Company in 1996, Dave was an investment banker specializing in the health care industry. Together with Ken O'Keefe, he was responsible for the health care investment banking practice at First Chicago (now J.P. Morgan) and a related joint venture from 1989 to 1996. In these two positions he directed, with Ken, twenty-five advisory assignments for health care companies aggregating more than $2 billion in transaction value. From 1979 to 1989, Dave was a managing director in the Chicago office of Smith Barney, Inc.

Dave serves or has served on the board of directors of Heartland Information Services, AbilityOne Corporation, DentalCare Partners, Inc., the Patterson Companies (NASDAQ: PDCO), Reichert, Inc., Scrip Holdings Corporation, Sirona Dental Systems, TeraMedica, Inc., TIDI Products and Valitás Health Services, Inc.

A Phi Beta Kappa graduate of the University of the South, he also received an M.B.A. degree in finance from the University of Chicago and an M.S. degree in economics from the London School of Economics.