HIG Capital, a global alternative investment firm with $53 billion of equity capital under management, has sold its portfolio company Medusind to Alpine Investors (Alpine). Terms of the transaction have not been disclosed.
HIG Capital (HIG), a global alternative investment firm with $53 billion of equity capital under management, has sold its portfolio company Medusind to Alpine Investors (Alpine). Terms of the transaction have not been disclosed.
Founded in 2002 and based in Miami, Florida, Medusind is a provider of end-to-end revenue cycle management (RCM) solutions in the healthcare sector including practice management, eligibility, coding, claims processing and value-added analytics.
HIG acquired Medusind in April 2019 from the company’s founders. During HIG’s ownership, the company has made multiple executive hires and executed several strategic add-on acquisitions.
The acquisition of Medusind adds to Alpine’s growing portfolio of medical and dental healthcare and software companies, which includes Lightwave Dental, Midwest Vision Partners, Optima Dermatology and Radicle Health.
Guggenheim Securities, LLC served as financial advisor, and Paul Hastings LLP and Polsinelli served as legal counsel to Medusind in connection with this transaction, while Kirkland & Ellis served as legal counsel and TripleTree as financial advisor to Alpine.
