M&A Deal Summary

Meduit Acquires Avadyne Health

On April 5, 2021, Meduit acquired healthcare services company Avadyne Health from WindRose Health Investors

Acquisition Highlights
  • This is Meduit’s 1st transaction in the Healthcare Services sector.
  • This is Meduit’s 1st transaction in the United States.
  • This is Meduit’s 1st transaction in Illinois.

M&A Deal Summary

Date 2021-04-05
Target Avadyne Health
Sector Healthcare Services
Buyer(s) Meduit
Sellers(s) WindRose Health Investors
Deal Type Add-on Acquisition

Target

Avadyne Health

Moline, Illinois, United States
Avadyne Health is a provider of revenue cycle management services to a wide range of healthcare providers across the nation. Avadyne Health was founded in 1971 and is based in Moline, Illinois.

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Buyer(S) 1

Buyer

Meduit

Charlotte, North Carolina, United States

Category Company
Sector Business Services
DESCRIPTION

Meduit is a revenue cycle management solution serving more than 850 hospital and large physician practices in 47 states. Meduit is based in Charlotte, North Carolina.


DEAL STATS #
Overall 1 of 1
Sector (Healthcare Services) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Illinois) 1 of 1
Country (United States) 1 of 1
Year (2021) 1 of 1

Seller(S) 1

SELLER

WindRose Health Investors

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2000
PE ASSETS 2.5B USD
Size Large
Type Sector Focused
DESCRIPTION

MTS Health Investors LLC is a specialist private investment firm focused on opportunities in the services sectors of the healthcare industry. Specific areas of interest include managed care/health insurance, healthcare providers, distributors of medical/products and providers of outsourced services. MTS also invests in low-technology medical product manufacturers. MTS makes equity investments in US based companies valued between $25 and $300 million. Prospective transaction types include buyouts, divestitures, recapitalizations, take-privates, acquisition financings, and growth financings. MTS Health Investors was formed in 2000 and is based in New York City.


DEAL STATS #
Overall 21 of 25
Sector (Healthcare Services) 14 of 15
Type (Add-on Acquisition) 11 of 13
State (Illinois) 1 of 1
Country (United States) 21 of 25
Year (2021) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-24 myNEXUS

Brentwood, Tennessee, United States

myNEXUS is a post-acute benefits management company focused on delivering innovative home and community-based product offerings. myNEXUS provides comprehensive management services to health plans and other risk-bearing organizations on an at-risk or fee-for-service basis for total medical expense related to Integrated Home Health, Stars Performance Improvement Program, Social Determinants of Health, Inpatient Avoidance and Clinical Programs. myNEXUS was formed in 2014 and is based in Brentwood, Tennessee.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-07 Veristat

Southborough, Massachusetts, United States

Veristat is a scientifically minded global clinical research organization (CRO), enables biotech and pharmaceutical sponsors to solve unique and complex challenges associated with accelerating innovative therapies through clinical development to regulatory approval and post-approval. Veristat was founded in 1994 and is based in Southborough, Massachusetts.

Buy -