Bison truly understands our business. We welcome their experience, resources and growth orientation as we pursue our mission to improve the health of healthcare.
Santa Ana, California (PRWEB) December 13, 2016
Advantmed, LLC (“Advantmed” or the “Company”), a leading provider of risk adjustment, quality improvement and value-based reimbursement services, announced today it has secured growth investment from Bison Capital Partners (“Bison Capital”).
“We are excited to embark on the next phase of Advantmed’s growth with Bison,” said Akash Patel, Chief Executive Officer of Advantmed. “Bison truly understands our business. We welcome their experience, resources and growth orientation as we pursue our mission to improve the health of healthcare.”
Bison’s growth investment will allow Advantmed to expand solution offerings both organically and through acquisitions, according to Mr. Patel. The Company’s existing management will retain a majority interest in the Company.
Bison Capital Partner Lou Caballero added, “We are thrilled to partner with the team at Advantmed. The Company has developed an outstanding reputation for providing high-value services to healthcare participants, and is very well positioned to further its success as the healthcare industry continues its progression in risk, quality and value-based measurements and incentives.”
Founded in 2005 and based in Santa Ana, California, Advantmed, LLC is a healthcare information and services company that enables health plans and healthcare organizations to better identify patient needs and improve quality outcomes.
About Bison Capital
Bison Capital is a Los Angeles and New York-based firm that makes growth capital investments in middle-market companies, public or private, for expansion, acquisitions and balance sheet recapitalizations. The firm's primary investment focus is partnering with entrepreneurs and management teams seeking capital to grow their businesses.