AdvantEdge Merges with Health Prime
Brentwood Capital Advisors Serves as Financial Advisor to AdvantEdge
Brentwood Capital Advisors (“BCA”) is pleased to announce that it served as a financial advisor to AdvantEdge Healthcare Solutions, Inc. (“AdvantEdge”) in its recently completed merger with Health Prime.
AdvantEdge is a leading national medical billing company serving independent and employed physician groups, hospitals, surgery centers, and behavioral health agencies. AdvantEdge’s over 800 employees leverage the Company’s proprietary technology, coding, and workflow tools to ensure that its clients are properly reimbursed for the clinical services they deliver to their patients.
“AdvantEdge is an exciting and timely addition to our growing family of healthcare companies,” said Pranil Vadgama, CEO and President, Health Prime. “Each company provides expertise and a wide breadth of services and specialties. By combining the companies together, we will provide a much stronger value proposition to our existing clients and new clients. We are truly stronger together.”
“Innovation through technology is a critical shared value between our companies, from the billing software developed by AdvantEdge and the Datalytics practice intelligence tools offered through Health Prime. Together, they offer unprecedented efficiency and visibility into actionable information for our clients. We at AdvantEdge are enthused about joining forces with the Health Prime family,” said David Langsam, CEO and President of AdvantEdge Healthcare Solutions. “BCA was instrumental in helping us navigate this strategic combination and ensuring that we found a partner that offered more than just capital, but also the best operating structure for our customers, employees, and shareholders.”
“We are proud to have played a role in this strategic combination of Health Prime and AdvantEdge, creating one of the leading RCM providers nationwide” added John Kibler, Co-Head of Healthcare Technology Investment Banking at BCA. “We enjoyed working with the AdvantEdge team, and we look forward to seeing the Company grow through its combination with Health Prime.”
About Brentwood Capital Advisors
Headquartered in Franklin, Tennessee, Brentwood Capital Advisors is one of the nation’s leading independent investment banks, specializing in providing financial advice on mergers, acquisitions, corporate divestitures, and capital raising to growth-oriented, middle-market Healthcare Technology, Healthcare Services, and Business Services companies. For more information, visit www.brentwoodcapital.com.