Harpeth Capital

Harpeth Capital, LLC is pleased to announce that it served as exclusive financial advisor to MDsave Inc. in connection with a strategic minority investment by Change Healthcare Solutions, LLC.

Headquartered in Nashville with a second office in San Francisco, MDsave (www.mdsave.com) is an innovative technology and healthcare payments company that simplifies the healthcare services shopping and payment experience for consumers.  The Company works with providers to bundle complex medical procedures into a single upfront payment, thereby providing consumers with discounted out-of-pocket healthcare bills and a higher-satisfaction retail experience.  MDsave’s patented workflow has been implemented in hundreds of hospitals nationwide, saving consumers more than 40% of their out-of-pocket costs while significantly increasing net collections for providers.

Change Healthcare’s investment is part of a broader collaboration between the two companies to improve the way consumers, providers, payers, and employers interact in the healthcare purchasing and payment process.  Together, MDsave and Change Healthcare will work to enable increased price/cost transparency, reduce inefficiency, and lower costs.

Said Paul Ketchel, CEO of MDsave, “Harpeth Capital has been a valuable partner for MDsave since the early days of the Company.  We appreciate their assistance in advising on this important strategic investment with Change Healthcare.”

“We are greatly appreciative of the Board’s and management’s trust to navigate this transaction from MOU to close in two months,” said Chuck Byrge, President of Harpeth Capital.  “Furthermore, we are very excited about the transformational opportunities for the two companies to benefit healthcare payers, providers, and consumers.”

This marks the fifth engagement in which Harpeth Capital has served as financial advisor to the Company including three previous capital raises and the placement of a senior secured credit facility.

The joint press release is available here.