Provana Acquires Neostella's Staffing and Talent Business

Provana Acquires MEG Business Management

August 12, 2025

Healthcare Services

Provana, a tech-enabled managed services provider headquartered in Lisle, Illinois, has acquired MEG Business Management, a practice management and coaching firm serving independent physical therapy practices. The deal expands Provana's capabilities in revenue cycle management and practice support for the physical therapy and wellness market by integrating MEG's specialized services with Provana's AI-driven platform and global operations.

Neostella Acquires Work-Relay

September 29, 2022

Cloud & SaaS

Neostella, a Milwaukee-based hyperautomation and automation consulting firm, has signed an agreement to acquire Chicago-based Work-Relay, a Salesforce-native Business Process Management (BPM) SaaS platform. The acquisition brings Work-Relay’s workflow automation technology, clients, and personnel into Neostella to expand its end-to-end hyperautomation capabilities and address a larger base of Salesforce customers; the parties expect the deal to close within a few weeks pending customary conditions.

Astorg Acquires Majority Stake in Avania

June 20, 2022

Healthcare Services

Astorg has acquired a majority stake in Avania from Kester Capital, with Kester expected to retain a minority position and management also reinvesting. Avania, a Bilthoven-headquartered MedTech-focused clinical CRO, will use Astorg's capital and network to accelerate organic growth and pursue M&A to build a scaled, global MedTech CRO platform.

Cornell Capital and Trilantic North America Acquire trustaff and CardioSolution and Agree to Acquire Stella to Create Tech-Enabled Healthcare Staffing Platform

February 8, 2021

Healthcare Services

Cornell Capital LLC and Trilantic North America have acquired trustaff Management, Inc. and CardioSolution and agreed to acquire Stella.ai, combining the three companies into a technology-enabled healthcare staffing platform. The PE sponsors plan to accelerate growth through data science, automation and management-led expansion while retaining key management and board participation.

Provana Acquires Palinode

February 5, 2025

Financial Services

Provana, a tech-enabled services provider for financial institutions, has acquired Palinode, the maker of the Sonnet credit dispute management platform. The deal will integrate Palinode's Sonnet product into Provana's AI-driven platform to expand credit dispute investigation and resolution capabilities for banks and other financial institutions.

Pariveda Solutions Acquires Sustena Group

December 15, 2021

Consulting

Pariveda Solutions, an employee-owned technology and business consulting firm based in Dallas, has acquired Sustena Group, a New York City-based management and branding consultancy. The acquisition expands Pariveda's capabilities into B2B brand strategy and go-to-market services to better serve C-suite and private equity-backed clients.