Investment Summary

Alvarez & Marsal Capital Partners and Hackensack Meridian Health Invest In Med-Metrix

On September 23, 2021, private equity firm Alvarez & Marsal Capital Partners and Hackensack Meridian Health invested in business services company Med-Metrix

Investment Highlights
  • This is Alvarez & Marsal Capital Partners’ 2nd and Hackensack Meridian Health’s 1st transaction in the Business Services sector.
  • This is Alvarez & Marsal Capital Partners’ 12th and Hackensack Meridian Health’s 3rd transaction in the United States.
  • This is Alvarez & Marsal Capital Partners’ 2nd and Hackensack Meridian Health’s 3rd transaction in New Jersey.

Investment Summary

Date 2021-09-23
Target Med-Metrix
Sector Business Services
Investor(s) Alvarez & Marsal Capital Partners
Hackensack Meridian Health
Deal Type Growth Capital
Advisor(s) VRA Partners LLC (Financial)
Sills Cummis & Gross (Legal)

Target

Med-Metrix

Parsippany, New Jersey, United States
Med-Metrix is a provider of performance management analytics, consulting, extended business office, and revenue recovery services to the healthcare industry. Med-Metrix was founded in 2010 and is based in Parsippany, New Jersey.

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Investor(S) 2

Investor
DESCRIPTION

Alvarez & Marsal Capital Partners (A&M Capital) is a private equity investment firm affiliated with financial advisory and due diligence provider Alvarez & Marsal. A&M Capital looks to invest $20 to $75 million in North American and Western European companies valued up to $750 million. The Firm looks for control situations where it can leverage its operational expertise. Sectors of interest include general industrial/manufacturing, consumer, retail, healthcare, business services, transportation, and energy. Alvarez & Marsal Capital Partners was established in 2011 and is based in Greenwich, Connecticut.


DEAL STATS #
Overall 14 of 21
Sector (Business Services) 2 of 3
Type (Growth Capital) 1 of 1
State (New Jersey) 2 of 2
Country (United States) 12 of 18
Year (2021) 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-24 ettain group

Charlotte, North Carolina, United States

ettain group, Inc. is a talent solutions firm that delivers Recruitment Services and Managed Services in three practice areas: IT, Healthcare IT, and Digital Creative. From discovery to execution, ettain helps clients successfully design, develop, and deliver critical technology and business initiatives, from providing individual resources, to staffing and managing critical programs and projects, to running entire recruitment processes. Founded in 1996, with nearly 1,300 employees and consultants currently at work, ettain offer opportunities across North America, with offices in Charlotte, Dallas, Minneapolis, Nashville, Raleigh, Washington, D.C., and Winston Salem.

Sell $925M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-28 Worldwise

Novato, California, United States

Worldwise is a provider of innovative, more environmentally sustainable pet products and accessories. Worldwise was founded in 1991 and is based in Novato, California.

Buy -
Investor

Hackensack Meridian Health

Edison, New Jersey, United States

Category Company
Sector Internet Software and Services
DESCRIPTION

Hackensack Meridian Health is an online platform that allows users to search healthcare treatment and book for doctors.


DEAL STATS #
Overall 3 of 3
Sector (Business Services) 1 of 1
Type (Growth Capital) 1 of 1
State (New Jersey) 3 of 3
Country (United States) 3 of 3
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-15 Englewood Health

Englewood, New Jersey, United States

Englewood Health is one of New Jersey's leading hospitals and healthcare networks. Composed of Englewood Hospital, the Englewood Health Physician Network, and the Englewood Health Foundation, the health system delivers nationally recognized care in a community setting to residents of northern New Jersey and beyond. The hospital was founded in 1890.

Buy -