Harpeth Capital Serves as Financial Advisor to MDsave
Harpeth Capital, LLC is pleased to announce that it served as exclusive financial advisor to MDsave, Inc. in connection with an investment of growth capital by WindRose Health Investors, Echo Health Ventures and Harpeth Ventures. Including two previous capital raises and the placement of a senior secured credit facility, this marks the fourth engagement with MDsave in which Harpeth Capital has served as financial advisor to the Company.
Headquartered in Nashville with a second office in San Francisco, MDsave is an online marketplace (www.mdsave.com) allowing healthcare consumers to research, compare and purchase services with total cost transparency, typically at rates that provide additional savings to traditional cash prices. With the rapid growth of high-deductible health plans and significant out-of-pocket expenses, the Company’s platform is a “win-win-win” for consumers/patients, providers and payors through cost savings, the elimination of bad debt as well as reduced revenue cycle.
Said Paul Ketchel, CEO of MDsave, “We appreciate Harpeth Capital’s ability to efficiently complete this growth capital infusion that will allow the Company to capitalize on significant opportunities in the pipeline in 2018 and beyond.”
MDsave currently operates in 36 states with over 230 integrated health networks, with over 7,000 healthcare procedures deployed in the marketplace.