Iron Creek Partners LLC, a private investment firm, has led the recapitalization of BASELoad, LLC, a provider of healthcare provider data matching and loading solutions, in a transaction that closed in February 2026.
The investment group, which included BASELoad founder Gerard Szatkowski and Main Street Capital Corporation, aims to provide growth capital to address significant industry demand for BASELoad’s services. BASELoad, founded in 1999 by Gerard Szatkowski and headquartered in Rock Hill, SC, specializes in solutions that improve claim auto-adjudication rates for health plans and Third-Party Administrators (TPAs) across the United States.
BASELoad’s offerings are designed to lower costs for payers and enhance satisfaction for both patients and providers. The company is SOC 2 Type II-certified and, through its wholly-owned subsidiary W-9 Corrections, LLC, also assists health plans with accurate 1099 filing and compliance with IRS guidelines.
John Bingaman, Managing Principal of Iron Creek, commented on the partnership, stating, “We are happy to have the opportunity to partner with the outstanding team at BASELoad to support the Company in its important mission to streamline and improve provider data and health care claims adjudication.” He added, “BASELoad has been providing highly accurate and innovative provider data solutions for twenty-five years, and we look forward to supporting the management team as they continue to develop innovative solutions to improve the claims payment ecosystem.”
Gerard Szatkowski, BASELoad’s founder and CEO, expressed enthusiasm for the collaboration. “This is a tremendous opportunity for BASELoad, and we are excited to be partnering with Iron Creek,” Szatkowski said. He noted, “I founded BASELoad after seeing firsthand the challenges that healthcare payers face with provider data. Our team has saved our payer customers millions of dollars in costs and enhanced claims auto-adjudication rates up to near-100% in many cases.”
Szatkowski further explained the strategic fit, stating, “With Iron Creek, we have found the right partner to help us continue to grow, innovate, and invest in our people to provide the highest level of service to healthcare payers for many years to come.” He also acknowledged his staff’s contributions.
No managerial or staff changes are associated with the transaction. Szatkowski will maintain his role as CEO and will join the reorganized company’s Board of Directors. The financial terms of the transaction were not disclosed. Troutman Pepper Locke LLP provided legal advice to Iron Creek, while Ambassador Consulting Solutions offered financial advice to BASELoad, with Gray, Layton, Kersh, Solomon, Furr & Smith, PA serving as its legal counsel.
