Halyard Capital Closes Acquisition of HCPro, Inc.

Press Releases, February 12, 2008

Marblehead, MA - HCPro, Inc. announced today that Halyard Capital, a New York-based private equity firm, has closed on its acquisition of the company from The Riverside Company. The terms of the transaction were not disclosed.

HCPro is the nation's leading provider of integrated informational, educational, training and advisory products and services in the vital areas of healthcare compliance, regulation and management. The company meets the specialized needs of health care managers through a wide range of delivery platforms including print and electronic newsletters, e-mail services, magazines, books, online databases, software, broadcast events, seminars, conferences, classroom training, consulting and videos.

"HCPro is a trusted source of mission-critical compliance, regulatory and management content in the health care industry," said Robert B. Nolan Jr., managing partner at Halyard Capital. "By combining our industry knowledge with the company's talented management team and diverse portfolio of products and services we look forward to continuing the robust growth of HCPro's leading market position."

Michael Furey, a principal at Halyard, added: "HCPro is an indispensible information source and content delivery vehicle for health care managers."

"We are delighted that Halyard is our equity partner and are excited about the opportunity to work closely with them to build HCPro's significant momentsaid Bruce Guzowski, president and chief executive officer of HCPro. Guzowski added that "There will be absolutely no changes to HCPro's operations as a result of this transaction. Current management continues to be a major investor in the Company's equity with 19 members of the company's management team investing alongside Halyard."

HCPro has completed 20 add-on acquisitions since 2003. "With the support of Halyard, we are well-positioned to realize our long-standing strategy of both organic and acquired growth," added Guzowski.

Halyard Capital received legal counsel from Edwards Angell Palmer & Dodge LLP. GE Capital, Newstar Financial and CapitalSource provided financing for the transaction. Riverside was advised in the transaction by Berkery Noyes Capital Markets.

About Halyard Capital

Halyard Capital is a New York-based private equity firm with over $600 million of capital under management, focused on investing opportunities within the media, communications and business services industries. Halyard specializes in middle-market leveraged buyouts and growth equity investments. The firm has extensive experience and a proven track record within each of these sectors with investments, including ImpreMedia, EducationDynamics, WMI, Engauge and Presidio Networks.