Morgan Stanley completed the acquisition of a majority stake in SpendMend from Sheridan Capital Partners.

Morgan Stanley Capital Partners, a private equity firm, completed the acquisition of a majority stake in SpendMend, a recovery audit firm, from Sheridan Capital Partners, a healthcare private equity firm. Financial terms were not disclosed. “We are delighted to partner with SpendMend and its best-in-class management team as they continue building a leader in cost cycle management and compliance management services to hospitals. SpendMend’s proven track record of robust organic growth and its customer-centric approach are a testament to what Dan, Rob, and the SpendMend team have built over the years. We look forward to working together to advance SpendMend’s market leadership in profit recovery and continue expanding the company through both organic growth and strategic add-on acquisitions," Steve Rodgers, MSCP Managing Director.