Medusind Acquires AVA Billing & Consulting from Lightning Step

ClinicMind Acquires Majority Stake in Billing Dynamix

January 16, 2024

Healthcare Services

ClinicMind, Inc. has acquired a majority stake in Billing Dynamix, LLC to expand its revenue cycle management (RCM) and practice-management capabilities for physical therapy practices. The deal will integrate Billing Dynamix's cloud-based billing and practice management platform with ClinicMind's SaaS and service offerings, adding credentialing, prior authorization, coding, a live call center and learning management resources to ClinicMind's product suite.

Alpine Investors Acquires Medusind from H.I.G. Capital

January 12, 2023

Healthcare Services

Alpine Investors has acquired Medusind, a Miami-based provider of revenue cycle management (RCM) solutions, from H.I.G. Capital. The transaction, supported by a senior credit facility arranged by Monroe Capital, positions Alpine to expand its healthcare and healthcare-software portfolio and accelerate Medusind's investments in analytics, AI, and strategic growth initiatives.

Gallant Capital Partners Makes Growth Investment in Lightning Step Technologies

November 17, 2022

Cloud & SaaS

Gallant Capital Partners completed a strategic growth investment in Lightning Step Technologies, a Charlotte-based provider of all-in-one enterprise software for the behavioral health industry. The capital will be used to expand Lightning Step's team, accelerate its product roadmap, and support strategic acquisitions while existing management (including CEO Kirk Monroe and Chairman Jamison Monroe) remain material owners.

Lightning Step Acquires ZenCharts

March 17, 2022

Software

Lightning Step has acquired ZenCharts to expand its behavioral health software footprint, combining ZenCharts' EMR capabilities with Lightning Step's end-to-end platform (CRM, EMR, RCM, billing, and consulting). The deal increases Lightning Step's customer base and geographic presence while giving ZenCharts customers access to a unified, cloud-based solution designed for addiction and mental health providers.

Streamline Health Acquires Avelead

August 16, 2021

Healthcare Services

Streamline Health Solutions, Inc. (NASDAQ: STRM) acquired Avelead Consulting, LLC, an Atlanta-based provider of healthcare revenue-cycle SaaS, to expand its revenue integrity and revenue cycle capabilities. The deal included $20 million of cash and stock consideration plus an estimated $15 million performance-based earnout; Avelead had an ARR run rate of $5.7 million and twelve-month revenue of $10.2 million as of June 30, 2021.

Medusind Acquires RC McLean & Associates' Revenue Cycle Management Agreements

July 6, 2021

Healthcare Services

Medusind has acquired the revenue cycle management (RCM) agreements of RC McLean & Associates, a California-based anesthesia billing and practice management firm established in 1983. The deal expands Medusind's presence in Southern California and brings additional anesthesia and specialty clients onto its technology-enabled RCM platform.