TREND Health Partners, an independent healthcare payment integrity company, announced on December 15 that it has acquired Advent Health Partners, Inc. This strategic combination solidifies TREND’s position as a leading AI-driven payment accuracy and revenue integrity platform for healthcare payers and providers. The combined company will serve more than 50 health plans and nearly 1,000 hospitals.
Based in Nashville, Tennessee, Advent Health Partners provides health systems and hospitals with revenue optimization plans to solve their financial problems. The company has developed CAVO®, its proprietary technology platform, which uses artificial intelligence to streamline the review of medical records in revenue cycle and payment integrity processes such as denials management, utilization management, itemized bill reviews and diagnostic-related group reviews.
TREND Health Partners is an independent healthcare payment integrity company. Through a suite of technology-enabled credit balance management and payment accuracy solutions, TREND facilitates collaboration between providers and payers for mutual benefit, striving to eliminate waste, reduce costs and enhance healthcare access. TREND was acquired by Los Angeles-based private equity firm Lone View Capital in January 2023.
The acquisition is being supported by a follow-on investment from Lone View Capital. OM Partners, LLC served as exclusive financial advisor and Barnes & Thornburg LLP served as legal counsel to Advent. William Blair & Company served as financial advisor and Holland & Knight LLP served as legal counsel to TREND. Financial terms of the deal were not disclosed.
According to data captured in the LevinPro HC database, this represents the 266th eHealth transaction of 2023 and the 55th in the RCM specialty. This also marks TREND’s second acquisition since it was acquired by Lone View Capital. In October, TREND announced its acquisition of PrecisionGx, which delivers artificial intelligence technology to health insurers and third-party claims administrators to help automate and improve payment and membership integrity processes.
