#USA #Parsippany #Harvest Partners #Med-Metrix #AM Capital

Med-Metrix Announces Growth Investment

Med-Metrix, a prominent provider in the healthcare technology sector, has recently declared a strategic growth investment partnered with Harvest Partners and existing investor AM Capital. This collaboration is aimed at bolstering the company's expansion in the Revenue Cycle Management (RCM) space, a critical sector in healthcare operations.

In a joint announcement, the sources mentioned that the financial specifics surrounding this transaction have not been made public. However, it was emphasized that the management team, spearheaded by CEO Joseph Davi, will continue to lead Med-Metrix while retaining significant ownership stakes in the firm. Furthermore, AMC will maintain a minority interest in Med-Metrix and is set to contribute additional capital to this partnership.

Joseph Davi expressed enthusiasm about this new partnership, stating, "We are thrilled to welcome Harvest as an investor and continue our successful multi-year collaboration with AMC. In Harvest, we have found a partner with a deep understanding of our industry that shares our mission of delivering exceptional performance for our clients."

Founded in 2010 and headquartered in Parsippany, New Jersey, Med-Metrix has established itself as a leading platform providing comprehensive RCM services and technology solutions tailored for health systems and physician groups across the United States. Their offerings include both end-to-end solutions as well as targeted point services, all underpinned by their proprietary technology framework.

The enthusiasm surrounding this partnership is echoed by Stephen Carlson, President of Private Equity at Harvest. He remarked, "Joe and his team have built a dynamic organization and culture. We are excited to work with this world-class organization to build upon the Company’s strong organic momentum and proven acquisition track record."

Lucas Rogers, a Principal at Harvest, further emphasized the company's robust positioning within the RCM market. He noted that Med-Metrix stands out due to its extensive end-to-end capabilities and unwavering dedication to client satisfaction. He added, "We see tremendous potential for Med-Metrix and are delighted to partner with Joe and his team in the Company’s next phase of growth."

Rob Haisch, Partner at A&M Capital, highlighted their ongoing commitment to Med-Metrix, stating that their enhanced investment aligns with the shared strategic vision of all involved parties. This collaborative effort aims to propel the company’s technology-enabled growth trajectory.

An array of financial advisors engaged in this transaction, with TripleTree serving as the lead financial advisor and McDermott Will & Emery acting as legal advisors to both Med-Metrix and A&M Capital. Additionally, VRA Partners offered financial advisory services during this process.

About Med-Metrix

Med-Metrix plays a pivotal role in providing technology-driven services that focus on RCM and Business Intelligence (BI) solutions. Their broad service spectrum is tailored for health systems and physician groups across the nation, leveraging their proprietary software to ensure efficient and profitable healthcare operations. For more insights, visit Med-Metrix.

About Harvest Partners

Harvest Partners, established in 1981, is a seasoned private equity firm with over four decades of investing experience. The firm specializes in partnering with middle-market companies, focusing on driving growth in collaboration with exceptional management teams. To learn more, visit Harvest Partners.

About AM Capital

AM Capital is a multi-strategy private equity investment firm with substantial commitments across various funds totaling over $6.0 billion. With a leadership team experienced in both investment and operational strategies, AM Capital combines investor expertise with deep industry knowledge. Their approach makes them an appealing partner for management teams seeking to enhance their business growth potential. Visit AM Capital for further information.