Announced
Financials
Tags
healthcare
Majority
Single Bidder
United States
indexing solutions
Private Equity
Acquisition
Pending
Medical Services
Private
Friendly
Synopsis
BV Investment Partners, a middle-market private equity firm focused on the business services, software and IT services sectors, agreed to acquire EDCO Health Information Solutions, a provider of automated unstructured data indexing solutions for healthcare providers. BV is partnering with the current executive team of EDCO. Financial terms were not disclosed. "The investment in EDCO aligns well with our focus on backing leading software and technology-enabled services companies in the healthcare industry. EDCO helps hospitals with the ongoing issue of managing disparate medical forms and data in a cost-efficient and compliant manner that improves provider satisfaction and overall quality of patient care. EDCO's dedicated focus on healthcare has given them a deep understanding of the needs of their clients and the ability to provide a unique, high return on investment solution for the industry," Vik Raina, BV Investment Partners Managing Partner.
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