Cobalt Ventures Acquires MEDVAL

The Advocator Group (Brown & Brown) Acquires MEDVAL, LLC

March 15, 2019

Insurance

The Advocator Group, a wholly owned subsidiary of Brown & Brown, Inc., has acquired MEDVAL, LLC, a provider of MSP‑compliant claims negotiation and settlement services with approximately $10.0 million in annual revenue. MEDVAL will continue to operate from its offices in California, Pennsylvania and Maryland under the leadership of Jon Gunter and will report to Julie Turpin, CEO of The Advocator Group.

MDI NetworX Acquires Cobalt MedPlans from Cobalt Health Solutions

November 24, 2025

Healthcare Services

MDI NetworX has acquired Cobalt MedPlans (Clarity Performance Solutions) from Cobalt Health Solutions, a wholly owned subsidiary of Blue Cross and Blue Shield of Kansas City. The deal brings approximately 250 U.S.-based employees and two Kansas locations into MDI, expanding its U.S. delivery footprint and enabling deployment of MDI's InsightPro AI-enabled platform to enhance payer services.

Vālenz Health Acquires Healthcare Bluebook

July 11, 2024

Healthcare Services

Vālenz Health has completed its acquisition of Healthcare Bluebook, combining Valenz’s cost containment, payment integrity and care management capabilities with Healthcare Bluebook’s price-and-quality navigation platform. The deal (announced July 2024 and now closed) integrates Healthcare Bluebook into Valenz’s platform to expand member engagement, data-driven value navigation and payment integrity offerings; Kelso & Company is the capital partner for Valenz and Primus Capital was Healthcare Bluebook’s capital partner.

Vālenz Health Acquires Medical Cost Management Corporation (MCM Solutions)

July 27, 2022

Healthcare Services

Vālenz Health, a Great Point Partners–backed healthcare platform, has acquired Medical Cost Management Corporation (d/b/a MCM Solutions for Better Health) and its subsidiary Med‑Care Management, Inc. The deal brings MCM’s population- and care‑management capabilities into the Valenz Health ecosystem (rebranded as Valenz Care) to expand services for self‑funded plans, Taft‑Hartley trusts and other payers.

MedData Acquires RevClaims, LLC

March 1, 2021

Healthcare Services

MedData, a portfolio company of Edgewater Growth Capital Partners IV, has acquired RevClaims, LLC, a specialist in complex claims revenue cycle management including third-party liability, workers' compensation and Veterans Administration claims recovery. The add-on expands MedData’s capabilities in complex claims recovery as it pursues niche RCM acquisitions to broaden its service offering and geographic presence.

National Medical Billing Services Acquires Medi-Corp, Inc.

May 17, 2022

Healthcare Services

National Medical Billing Services, a surgery-focused revenue cycle management (RCM) company backed by Aquiline Capital Partners, has acquired Medi-Corp, Inc., a Cranford, New Jersey-based RCM provider specializing in anesthesia, ASCs, and pain management. The add-on expands National Medical's anesthesia billing capabilities and marks the firm's third transaction since its January 2021 partnership with Aquiline.