On August 14 Medusind Solutions, Inc. acquired both Billing Solutions, LLC and edgeMED Healthcare. Monroe Capital LLC acted as administrative agent and joint lead arranger on the funding of a senior credit facility to support the acquisitions.
Founded in 2011, Billing Solutions is a full-service third-party billing solutions company serving the mental and behavioral health industry. It operates in 13 states, providing revenue cycle management (RCM) services.
edgeMED offers expert revenue cycle management services and innovative technological solutions tailored to enhance clinical, financial and operational efficiencies for medical organizations. The company is based in Boca Raton, Florida.
Medusind Solutions provides comprehensive end-to-end RCM solutions, including practice management, eligibility, coding, claims processing and value-added analytics. It is backed by Alpine Investors.
These acquisitions align with Medusind’s strategy of expanding its offerings, robust healthcare technology and resources across the healthcare industry. The financial terms were not disclosed.
According to data captured in the LevinPro HC database, this acquisition represents the 155th eHealth transaction of the year, and the 20th in the RCM specialty.
