MediCopy is Acquired by MRO
Brentwood Capital Advisors Serves as Exclusive Financial Advisor to MediCopy
Brentwood Capital Advisors (“BCA”) is pleased to announce that it served as the exclusive financial advisor to MediCopy Services, Inc. (“MediCopy” or the “Company”) in its sale to MRO Corporation (“MRO”), a Parthenon Capital portfolio company. MRO provides EMR integration, workflow and clinical data solutions to improve clinical and financial outcomes requiring the extraction of medical records.
Founded in 2000, MediCopy provides health information management (“HIM”) services for ambulatory facilities across the country. MediCopy’s release of information (“ROI”), forms completion and audit support services allow healthcare facilities to improve productivity and reduce costs associated with manual, paper-based HIM processes.
Steve Hynes, MRO co-founder and President of Provider Solutions, stated, “The acquisition of MediCopy further expands our growing base of physician practice and outpatient provider clients. MediCopy has an excellent industry reputation and a client-focused culture, which aligns very well with MRO. Together, we look forward to bringing MRO’s award-winning service, compliance driven workflow and leading-edge technology to MediCopy’s clients and the physician practice market overall.”
“MRO is the perfect partner to continue MediCopy’s rapid growth. Both of our companies work every day to embody values of integrity, service, transparency and excellence. We are ecstatic to have found such a great partner and look forward to our combined organization continuing to provide excellent service to our clients and patients,” said Elliott Noble-Holt, founder and Chief Executive Officer of MediCopy. “As our exclusive M&A advisor, BCA helped our team navigate every step of the transaction process. Their healthcare and M&A expertise were pivotal in selecting the best partner and reaching an optimal outcome for shareholders and MediCopy employees.”
“MediCopy’s broad and rapidly growing ambulatory customer base is highly complementary to MRO’s existing health system footprint,” added Porter Meadors, a Director in BCA’s Healthcare Technology Investment Banking practice. “We thoroughly enjoyed working with Elliott and his team and are confident that MediCopy will continue to grow and thrive as part of MRO.”
About Brentwood Capital Advisors
Headquartered in Franklin, Tennessee, Brentwood Capital Advisors is one of the nation’s premier independent investment banks, specializing in providing innovative, actionable, and no-conflict strategic and financial advice on mergers and acquisitions, recapitalizations, corporate divestitures, and growth capital to growth-oriented, middle-market Healthcare Services, Healthcare Technology, and Business Services companies since 1999. For more information, visit www.brentwoodcapital.com.