H.I.G. Capital has acquired Medusind Solutions, a healthcare-focused provider of revenue cycle management services.
Medusind is a provider of end-to-end revenue cycle management (RCM) services, including practice management, eligibility, coding, claims processing and analytics, to more than 9,000 physicians, dental providers, hospitals, health plans, group purchasing organizations (GPOs), and third-party plan administrators. The company’s suite of software products includes MedClarity® and PracticeGenie EHR® which are used to optimize the healthcare revenue cycle process and ensure adherence to regulatory compliance requirements.
Medusind, founded in 2002 and led by CEO Vipul Bansal, has more than 2,700 employees in ten locations in Miami, FL (headquarters); Los Angeles, CA; Orlando, FL; Oklahoma City, OK; Fort Worth, TX; and Newark, DE; and in Mumbai, Chennai, Ahmedabad, and Coimbatore, India (www.medusind.com).
“H.I.G. is an experienced healthcare investor with deep RCM experience and we are excited to partner with them,” said Mr. Vipul. “We shall continue to invest in our robust operating platform, develop innovative, value-creating solutions for our clients, and seek to accelerate our growth, organically and through add-on acquisitions.”
“Medusind has an established track record of successfully serving blue-chip healthcare providers, resulting in 15 years of uninterrupted growth. While supporting managed service organizations, dental providers, health plans and other leading healthcare organizations, the company has developed a unique combination of deep domain expertise and a comprehensive toolset to drive financial improvements and adherence with compliance requirements,” said Camilo Horvilleur, a managing director at H.I.G.
H.I.G. specializes in providing capital to small and medium-sized companies and invests in management-led buyouts and recapitalizations of manufacturing and service businesses. H.I.G. has more than $30 billion of capital under management. The firm is based in Miami with additional offices in New York, Boston, Chicago, Dallas, Los Angeles, San Francisco, Atlanta, London, Hamburg, Madrid, Milan, Paris, Bogotá, Rio de Janeiro, and São Paulo (www.higcapital.com).
© 2019 Private Equity Professional | April 12, 2019