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Opalesque Industry Update - H.I.G. Capital, a global alternative investment firm based in Miami with $53bn of equity capital under management, has sold its portfolio company Medusind to Alpine Investors. Terms of the transaction were not disclosed. Founded in 2002 and based in Miami, Florida, Medusind is a provider of comprehensive end-to-end revenue cycle management (RCM) solutions including practice management, eligibility, coding, claims processing and value-added analytics. H.I.G. acquired Medusind in April 2019 from the Company's founders and partnered with management to improve the operating infrastructure, enhance the technology platform, expand the service offering and grow the sales & marketing organization. Additionally, during H.I.G.'s ownership, the Company made multiple executive hires and successfully executed several strategic add-on acquisitions. These initiatives accelerated revenue and EBITDA growth substantially, and resulted in an outstanding outcome for all stakeholders. Guggenheim Securities, LLC served as financial advisor, and Paul Hastings LLP and Polsinelli served as legal counsel to Medusind in connection with this transaction.
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Industry Updates
H.I.G. completes sale of Medusind
Friday, January 13, 2023
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