H.I.G. Capital Completes Investment in Medusind Solutions, Inc.
MIAMI–(BUSINESS WIRE)–lt;a href="https://twitter.com/hashtag/ClaimsProcessing?src=hash" target="_blank"gt;#ClaimsProcessinglt;/agt;–H.I.G. Capital (“H.I.G.”), a leading global private equity investment firm with over $30 billion of equity capital under management, is pleased to announce that one of its affiliates has made a strategic investment in Medusind Solutions, Inc. and related entities (“Medusind” or the “Company”).
Medusind is a leading provider of comprehensive end-to-end revenue cycle management (“RCM”) solutions including practice management, eligibility, coding, claims processing and value-added analytics. The Company’s medical expertise and technology solutions optimize the healthcare revenue cycle process, create operating efficiencies and ensure adherence to regulatory compliance requirements.
Medusind leverages a robust technology suite including its cloud-based MedClarity® practice management platform, PracticeGenie EHR® and internally developed workflow management tools to offer tailored solutions supporting the needs of physicians, dental providers, hospitals, health plans, GPOs, third-party plan administrators and other leading healthcare organizations.
Vipul Bansal, CEO of Medusind, remarked, “Medusind was founded in 2002 with the goal of creating a leading technology-driven healthcare solutions provider. For nearly two decades, we have invested significant time and capital to innovate and drive performance improvements for our clients. H.I.G. is an experienced healthcare investor with deep RCM experience and we are excited to partner with them. 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 E. Horvilleur, a Managing Director at H.I.G. Capital.
Mr. Horvilleur added, “Medusind’s capabilities go well beyond traditional RCM claims processing as the Company serves as a vital extension of its clients to support practice optimization and facilitate growth. As providers continue to consolidate, we expect Medusind to become an increasingly important strategic partner. We are excited to collaborate with Mr. Bansal and the rest of the talented Medusind team to facilitate their continued innovation and expansion.”
About Medusind
Medusind is a leading provider of technology solutions and revenue cycle management services to clients in the healthcare industry. The Company’s robust technology suite includes the cloud-based MedClarity® practice management platform, PracticeGenie EHR® and additional internally developed and supported resources. Medusind was founded in 2002, headquartered in Miami, FL and has more than 2,750 global employees including medical professionals, medical coders, RCM and client service experts and software developers. For more information, visit https://www.medusind.com.
About H.I.G. Capital
H.I.G. is a leading global private equity and alternative assets investment firm with over $30 billion of equity capital under management.* Based in Miami, and with offices in New York, Boston, Chicago, Dallas, Los Angeles, San Francisco, and Atlanta in the U.S., as well as international affiliate offices in London, Hamburg, Madrid, Milan, Paris, Bogotá, Rio de Janeiro and São Paulo, H.I.G. specializes in providing both debt and equity capital to small and mid-sized companies, utilizing a flexible and operationally focused / value-added approach:
1. H.I.G.’s equity funds invest in management buyouts, recapitalizations and corporate carve-outs of both profitable as well as underperforming manufacturing and service businesses.
2. H.I.G.’s debt funds invest in senior, unitranche and junior debt financing to companies across the size spectrum, both on a primary (direct origination) basis, as well as in the secondary markets. H.I.G. is also a leading CLO manager, through its WhiteHorse family of vehicles, and manages a publicly traded BDC, WhiteHorse Finance.
3. H.I.G.’s real estate funds invest in value-added properties, which can benefit from improved asset management practices.
Since its founding in 1993, H.I.G. has invested in and managed more than 300 companies worldwide. The firm’s current portfolio includes more than 100 companies with combined sales in excess of $30 billion. For more information, please refer to the H.I.G. website at www.higcapital.com.
* Based on total capital commitments managed by H.I.G. Capital and affiliates.
Contacts
Camilo E. Horvilleur
Managing Director
[email protected]
Anthony Chambers
Principal
[email protected]
H.I.G. Capital
P 305.379.2322
F 305.379.2013
www.higcapital.com
This article published with permission from Business Wire
