Lightning Step Divests AVA Billing & Consulting, Reinforcing Focus on Core Behavioral Health Software Solutions
Summary
Lightning Step, a Gallant Capital Partners-backed provider of enterprise behavioral healthcare software solutions, is pleased to announce the sale of its wholly-owned revenue cycle management (“RCM”) services subsidiary, AVA Billing & Consulting (“AVA”) to Medusind, an Alpine Investors portfolio company and a leading provider of RCM services to the healthcare industry. The divestiture of AVA enables Lightning Step to continue its rapid growth trajectory and accelerates the expansion of its all-in-one behavioral healthcare software platform. By selling AVA, Lightning Step is reinforcing its focus on building a suite of innovative and automated all-in-one behavioral healthcare solutions. Lightning Step is committed to providing advanced software that improves patient outcomes, streamlines operations, and reduces costs for its clients. The firm partners with owners, founders, and management teams to maximize value and drive long-term, sustainable growth for its portfolio companies.