Med-Metrix Secures Growth Capital Investment for Expansion

Med-Metrix Welcomes New Investment for Future Growth

Med-Metrix, LLC, recognized for its innovative Revenue Cycle Management (RCM) solutions, has revealed a noteworthy growth investment. This investment comes from funds managed by Harvest Partners, LP, alongside the management team and existing partner A&M Capital. The details regarding the financial terms of this collaboration are currently undisclosed, but the implications for the company's growth trajectory are significant.

Leadership Team and Stakeholder Commitment

The management team of Med-Metrix, under the adept leadership of CEO Joseph Davi, will continue to steer the company while maintaining substantial ownership stakes. This transition marks a crucial phase for the organization, with A&M Capital retaining a minority interest in the venture and committing additional resources to enhance the growth trajectory of Med-Metrix.

CEO’s Vision for Partnership

Expressing his enthusiasm, Mr. Davi commented on the partnership with Harvest. He emphasized the value they bring due to their deep understanding of the RCM sector. He mentioned, “We are thrilled to welcome Harvest as an investor and continue our successful multi-year collaboration with A&M Capital.”

The Growth Potential of Med-Metrix

Founded in 2010, Med-Metrix has carved a niche in the RCM landscape, offering comprehensive services and technology to health systems and physician groups throughout the United States. The company specializes in providing both end-to-end solutions and targeted point services, relying on a proprietary technology platform that enhances efficiency and service delivery.

What the Investment Means for the Company

Stephen Carlson, President of Private Equity at Harvest, highlighted the impressive culture and operational dynamics established by Joe and his team. He expressed excitement about collaborating with Med-Metrix to leverage its robust organic growth and strategic acquisition capabilities. The focus will be on enhancing the company's service offerings and expanding its reach in the market.

Key Industry Focus and Strategic Vision

Lucas Rogers, a Principal at Harvest, acknowledged that Med-Metrix stands out in the RCM industry due to its comprehensive capabilities and relentless client-centric philosophy. He stated, “We see tremendous potential for Med-Metrix and are delighted to partner with Joe and his team in the Company’s next growth phase.” This sentiment underscores the commitment of Harvest to align with companies that showcase extraordinary potential.

Continued Confidence from A&M Capital

Rob Haisch, Partner at A&M Capital, conveyed optimism about continuing their support for Med-Metrix. He remarked on how the escalated investment, alongside Harvest and management, reflects a shared strategic vision and commitment to the company’s technology-driven growth path.

Strategic Advisors in the Transaction

The complex nature of this investment required expert guidance and strategic advisory services. TripleTree took the lead as the financial advisor for this transaction, while McDermott Will & Emery provided legal counsel to both Med-Metrix and A&M Capital. Furthermore, Baird and Evercore played crucial roles as financial advisors, accompanied by Kirkland & Ellis, who provided legal support for Harvest Partners.

About Med-Metrix

Med-Metrix has established itself as a pioneering player in the technology-enabled RCM and Business Intelligence (BI) landscape. The company's innovative services extend to health systems and physician groups across the United States, driven by proprietary software that enhances service delivery efficiency.

About Harvest Partners

Founded in 1981, Harvest Partners has a prestigious history in private equity, focusing on middle-market companies. Their expertise lies in collaborating with exceptional management teams to drive growth in the businesses they invest in.

About A&M Capital

A&M Capital brings extensive resources to the table, with over $6 billion in commitments across various funds. Their partnership with A&M Consulting enables them to offer significant operational expertise alongside financial support, making them a compelling choice for management teams seeking to elevate their businesses.

Contact Information

For additional inquiries, please contact Lambert by LLYC with Caroline Luz at 203-570-6462.

Frequently Asked Questions

What is the purpose of Med-Metrix's recent investment?

The investment aims to support Med-Metrix's next phase of development and enhance its operational capabilities in Revenue Cycle Management.

Who are the main stakeholders involved in this investment?

The main stakeholders include Harvest Partners, A&M Capital, and the management team of Med-Metrix.

What services does Med-Metrix provide?

Med-Metrix offers technology-enabled Revenue Cycle Management and Business Intelligence solutions for health systems and physician groups.

When was Med-Metrix founded?

Med-Metrix was founded in 2010 and has since grown to be a leader in its field.

What role does Harvest Partners play in this investment?

Harvest Partners is an investor providing capital to help Med-Metrix with growth and leveraging its industry expertise to drive future success.

About The Author

Hi there I'm 38-year-old author and financial consultant Owen Jenkins. Having worked in the financial sector for more than ten years, I am well-versed in the subtleties and complexity that mold our financial environment. Following a degree in finance, I worked in a number of financial institutions honing my abilities in market analysis, financial planning, and investment strategies.

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