M&A Deal Summary

Tendo Acquires MDSave

On September 27, 2023, Tendo acquired internet software and services company MDSave from WindRose Health Investors

Acquisition Highlights
  • This is Tendo’s 1st transaction in the Internet Software and Services sector.
  • This is Tendo’s 1st transaction in the United States.
  • This is Tendo’s 1st transaction in Tennessee.

M&A Deal Summary

Date 2023-09-27
Target MDSave
Sector Internet Software and Services
Buyer(s) Tendo
Sellers(s) WindRose Health Investors
Deal Type Add-on Acquisition

Target

MDSave

Brentwood, Tennessee, United States
MDSave provides a single online location for consumers to research, compare and purchase medical services with total cost transparency. MDSave was formed in 2011 and is based in Brentwood, Tennessee.

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Buyer(S) 1

Buyer

Tendo

Philadelphia, Pennsylvania, United States

Category Company
Sector Software
DESCRIPTION

Tendo is a software company committed to creating seamless healthcare experiences for patients, clinicians, and caregivers. Tendo is based in Philadelphia, Pennsylvania.


DEAL STATS #
Overall 1 of 1
Sector (Internet Software and Services) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Tennessee) 1 of 1
Country (United States) 1 of 1
Year (2023) 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 25 of 26
Sector (Internet Software and Services) 1 of 1
Type (Add-on Acquisition) 13 of 14
State (Tennessee) 3 of 3
Country (United States) 25 of 26
Year (2023) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-05 Lykan Bioscience

Hopkinton, Massachusetts, United States

Lykan Bioscience is a manufacturing services organization, focused on providing outsourced end-to-end production and logistics solutions for pharmaceutical and biotech companies focused on cell and gene therapies. Lykan Bioscience is based in Hopkinton, Massachusetts.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-10-08 Curation Health

Annapolis, Maryland, United States

Curation Health assists providers and health plans navigate and scale from fee-for-service to value-based care through their advanced clinical decision support platform that drives more accurate risk adjustment and quality program performance by curating and delivering relevant, real-time insights to the clinician and care team. Curation Health was founded in 2018 and is based in Annapolis, Maryland.

Sell -