HPS/PayMedix Acquires TempoPay

HLM Leads $16M Growth Investment in HPS/PayMedix; $33M Financing Raised

January 13, 2026

Healthcare Services

HPS/PayMedix closed $33 million of equity and debt financing to accelerate national growth of its healthcare financing and payments platform. The round was led by HLM Investment Partners ($16M growth equity) and included Escalate Capital Partners (providing a $17M term debt facility), RVM Enterprises, and existing investor SV Health Investors.

SV Health Investors Recapitalizes Health Payment Systems

February 3, 2021

Healthcare Services

SV Health Investors has completed a recapitalization of Caltius Equity Partners' investment in Health Payment Systems (HPS). The investment will support HPS' expansion in the Upper Midwest and beyond and includes leadership additions with Tom Policelli named CEO and Tom Flynn joining HPS' board.

PNC Bank Acquires Tempus Technologies, Inc.

January 27, 2021

Financial Services

PNC Bank N.A. reached a definitive agreement to acquire Tempus Technologies, Inc., a payment gateway and payments-processing solutions provider. The acquisition will expand PNC Treasury Management's payments capabilities by integrating Tempus' gateway, mobile apps and payment portals to support multiple payment rails.

Millennium Trust Acquires PayFlex from CVS Health

June 1, 2022

Insurance

Millennium Trust Company, LLC has acquired PayFlex Holdings, Inc. from CVS Health, adding health savings accounts (HSAs) and other consumer-directed benefits administration capabilities to its retirement and custody platform. The deal expands Millennium Trust's combined reach to roughly five million individual accounts and $47 billion in assets under administration and includes a long-term commercial relationship keeping PayFlex as a preferred provider for Aetna.

MPAY Acquires Web Payroll & Tax Solutions

October 21, 2024

Staffing & HR

MPAY has acquired Web Payroll & Tax Solutions, a San Antonio-based payroll and digital payment provider, effective October 1, 2024. The deal expands MPAY's Payentry platform footprint and strengthens its presence in Texas as part of MPAY's ongoing roll-up strategy and third acquisition in 2024.

TimePayment Acquires QuickSpark Financial

September 26, 2022

Financial Services

TimePayment, a Boston-based FinTech owned by affiliates of Fortress Investment Group, has acquired QuickSpark Financial, an e-commerce-focused equipment financing firm based in Tempe, Arizona. The deal brings QuickSpark’s vendor integrations, active leases (including those held by Briland Capital and QSE Capital), and its team into a new QuickSpark strategic business unit within TimePayment to expand e-commerce capabilities and market reach.