San Francisco-based Alpine Investors announced that it acquired revenue cycle management (RCM) company, Medusind Solutions, Inc. H.I.G. Capital, which originally purchased Medusind in 2019, acted as the seller.
Medusind Solutions, Inc. provides comprehensive end-to-end RCM solutions, including practice management, eligibility, coding, claims processing and value-added analytics. It is based in Miami, Florida and was founded in 2002.
Alpine Investors is a private equity firm that has raised more than $900 million of committed capital and invested in more than 50 companies since its launch in 2001.
H.I.G. Capital is a global private equity and alternative assets investment firm with $50 billions of equity capital under management. The firm’s portfolio includes more than 100 companies with combined sales in excess of $30 billion.
Guggenheim Securities, LLC served as financial advisor, and Paul Hastings LLP and Polsinelli LLP served as legal counsel to Medusind in connection with this transaction. The financial terms of the acquisition were not disclosed.
According to data captured in the LevinPro HC database, this acquisition marks the 10th eHealth transaction of 2023, and the fourth in the RCM specialty.
