Turning Rock Partners Proudly Marks Success with MedShift
Turning Rock Partners Announces Successful Exit of MedShift
Turning Rock Partners ("TRP" or "Turning Rock"), a dedicated private investment firm, has proudly reported the successful realization of its significant investment in MedShift, amounting to $45 million. MedShift is recognized as a leader in medical technology solutions.
Investment Highlights and Future Prospects
The investment decision stemmed from MedShift's promising potential within the healthcare sector. As a founder-led medical technology software provider, the company is strategically positioned for robust growth. Recently, Turning Rock's structured loan was fully paid off, which aligns with MedShift’s transition to long-term capital aimed at further expansion.
Turning Rock's Commitment to Growth
“Turning Rock is pleased to announce that MedShift has accomplished a new round of institutional debt financing that will drive its growth for the future,” stated Erin Andrew, Senior Managing Director at Turning Rock. This financing aims to support MedShift’s technological advancements and operational expansion.
MedShift's Strategic Transformation
Turning Rock Partners has been instrumental in providing transitional capital which empowers companies like MedShift to thrive. “We thank Turning Rock for its support which enabled us to expand our investments in technology and team to realize strong growth,” commented Joe Gasque, CEO of MedShift. MedShift’s ability to capitalize on its funding showcases its capability to innovate and evolve within the medical manufacturing landscape.
Focus on Innovative Solutions
Founded in 2015, MedShift emphasizes inventive strategies that redefine healthcare through cutting-edge SaaS solutions. Their products, including the Velocity platform and the Pulse IoT device ecosystem, empower the healthcare industry to enhance operational efficiency.
About Turning Rock Partners
Turning Rock Partners focuses on debt, equity, and hybrid investments specifically designed for underserved lower-middle market companies across North America. With an adaptable approach, TRP structures customized financing solutions that meet varied business needs across the private market landscape.
About MedShift and Its Innovations
MedShift's offerings are centered around facilitating technological transition and operational excellence in healthcare. Their emphasis on software solutions allows them to effectively harness data and optimize workflow in a competitive industry. As they embark on this next phase of growth, MedShift stands at the forefront of innovation, significantly impacting the healthcare sector.
Frequently Asked Questions
What was the amount invested by Turning Rock Partners in MedShift?
Turning Rock Partners invested $45 million in MedShift.
What is the focus of MedShift's technological advancements?
MedShift emphasizes innovative SaaS solutions designed to enhance medical manufacturing and operational efficiency.
Who is the CEO of MedShift?
The CEO of MedShift is Joe Gasque.
What is Turning Rock’s investment strategy?
Turning Rock Partners targets debt, equity, and hybrid investments in underserved or capital-constrained lower-middle market businesses.
When was MedShift founded?
MedShift was founded in 2015 and is headquartered in Charlotte.
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