Prosperity Behavioral Health Acquires Elevated Billing
Prosperity Behavioral Health announced on February 14 that it has acquired Elevated Billing, a South Jordan, Utah-based revenue cycle management (RCM) company that serves behavioral health facilities. The acquisition will create new market opportunities and expand Prosperity’s service offerings. Terms of the deal were not disclosed. Prosperity Behavioral Health is a national provider of financial solutions for behavioral health facilities. Prosperity’s suite of financial services includes RCM, financial analysis and reporting, corporate strategy and back-office operations. Private equity firm NewSpring Capital invested in Prosperity in 2022. According to data captured in the LevinPro HC... Read More »
ImageTrend Announces Strategic Growth Investment From WCAS
ImageTrend, Inc. announced an equity investment from Welsh, Carson, Anderson & Stowe (WCAS). Robert W. Baird & Co. acted as the financial advisor for ImageTrend. Kirkland & Ellis LLP served as legal counsel and Shea & Co. served as financial advisor to WCAS. Terms of the deal were not disclosed. ImageTrend delivers software solutions, data analytics and services for EMS departments, hospitals, community paramedicine (CP), critical care, fire and preparedness functions to enable fully integrated patient-centric healthcare and public safety. WCAS is a private equity firm focused on two target industries, technology and health care. Since its founding in 1979, the firm has... Read More »
Ampersand-Backed Sterling Medical Devices Merges With RBC Medical Innovations
Sterling Medical Devices, a portfolio company of private equity firm Ampersand Capital Partners, announced on February 8 its recapitalization and simultaneous merger with RBC Medical Innovations. RBC brings additional design and development capacity, including expertise in energy-based electromechanical devices, as well as manufacturing capabilities to the combined organization. As part of the transaction, MedTech industry executive David Montecalvo has been appointed CEO of the combined company. Sterling Founder Dan Sterling will remain on the senior leadership team and a board director. RBC Founder Carl Mayer has joined the board of directors. RBC Medical Innovations is a medical device... Read More »
PE Firm Shore Capital Partners Sells Argentum Medical to BioDerm
Chicago-based private equity firm Shore Capital Partners announced the sale of Argentum Medical to BioDerm, a portfolio company of Denver-based private equity firm Mountaingate Capital. The transaction closed on January 31, 2023. Moelis & Company served as financial advisor to Argentum and Winston & Strawn LLP served as legal advisor to Shore and Argentum. Terms of the deal were not disclosed. Based in Geneva, Illinois, Argentum is a provider of infection prevention solutions for the management of wounds. Notably, it manufactures Silverlon, a silver-plated nylon dressing with unique antimicrobial properties. Argentum’s product lines include surgical, burn care, wound care, negative... Read More »
Harvest Partners’ Portfolio Company Acquires KidZdent
Dental Care Alliance, LLC (DCA), a portfolio company of Harvest Partners, announced that it acquired KidZdent. This brings DCA’s footprint in New Jersey to 19 allied practices, and DCA’s total footprint to more than 390 allied practices across the United States. Terms of the deal were not disclosed. Run by Dr. Cavan Brunsden and Dr. Nancy Villa, KidZdent offers orthodontic services in addition to family and pediatric dentistry. The practice has one location in Old Bridge, New Jersey. DCA was founded in 1991 and is headquartered in Sarasota, Florida. DCA is a multi-branded dental support organization with more than 900 dentists across 22 states. DCA’s allied practices represent all... Read More »Schedule a demo
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