SpendMend Acquires Healthcare Division of Moody Associates, P.A.

Morgan Stanley Capital Partners Acquires Controlling Interest in SpendMend

March 2, 2022

Healthcare Services

Investment funds managed by Morgan Stanley Capital Partners (MSCP) acquired a controlling interest in SpendMend from Sheridan Capital Partners, with Sheridan retaining a minority stake and the existing management team remaining in place. Headquartered in Grand Rapids, Michigan, SpendMend provides tech-enabled cost-cycle and profit-recovery solutions to hospitals and health systems; MSCP said it will support further organic growth and strategic add-on M&A to expand the business.

SpendMend Acquires Mazree

June 3, 2025

Healthcare Services

SpendMend, a healthcare cost-savings provider based in Grand Rapids, Michigan, has acquired Mazree, a cloud-hosted software platform that helps health systems redeploy and sell used medical equipment. The acquisition expands SpendMend’s cost-cycle capabilities by adding Mazree’s auction, trade-in and redeployment technology to deliver greater revenue recovery and operational efficiency for hospitals and health systems.

SpendMend Acquires TurnKey Pharmacy Solutions and Elevate340B

August 25, 2020

Healthcare Services

SpendMend, a portfolio company backed by Sheridan Capital Partners, has acquired TurnKey Pharmacy Solutions and Elevate340B to create SpendMend Pharmacy, an end-to-end 340B compliance, optimization and growth offering for hospitals, clinics and healthcare facilities across the U.S. The acquisition integrates TurnKey's 340B audit capabilities and Elevate340B's optimization services into SpendMend's cost-cycle solutions to accelerate market delivery and expand service capabilities.

SpendMend Acquires Trulla, Pharmacy Procurement Software Pioneer

August 16, 2022

Healthcare Services

SpendMend, in partnership with Morgan Stanley Capital Partners, has acquired Trulla, a Draper, Utah-based provider of pharmacy procurement software and analytics. The deal integrates Trulla's procurement, pricing-algorithm and analytics capabilities into SpendMend's pharmacy suite to help health systems, hospitals, and clinics reduce pharmacy costs and manage 340B program compliance.

Susquehanna Growth Equity Makes Majority Growth Investment in MediSpend

May 26, 2021

Cloud & SaaS

Susquehanna Growth Equity (SGE) made a majority growth investment in MediSpend, a Portsmouth, New Hampshire–based provider of SaaS compliance solutions for the life sciences industry. The investment will fund product and client expansion across life sciences; Scott Feldman of SGE will join MediSpend’s board alongside CEO Craig Hauben and existing investors Steve Eaton and Dave Cormack. Financial terms were not disclosed.

MediSpend Acquires MedCompli

May 22, 2024

Software

MediSpend, a Portsmouth, New Hampshire–based commercial compliance technology company, has acquired MedCompli, a life-sciences compliance software and services provider, effective May 17, 2024. The acquisition expands MediSpend’s product portfolio and subject-matter expertise—bringing complementary SaaS and advisory capabilities into its PE-backed platform to better serve life sciences customers globally.