Trident Capital and HLM Venture Partners Acquire MedSave USA
Summary
MedSave USA, a Hauppauge, NY-based national provider of medical record retrieval services, has been acquired by Trident Capital and HLM Venture Partners.As part of the investment, Arneek Multani, John Reardon and Taimur Shaikh of Trident Capital, Peter Grua of HLM Venture Partners and Glen Moller will join MedSave’s board of directors.The company intends to use the funds to advance its technology platform and service offerings, as well as for future acquisitions.Led by Glen Moller, Chief Executive Officer, MedSave provides technology and services to help Medicare Advantage plans as well as commercial and Medicaid insurance plans, manage their risk adjustment processes to ensure that they are fairly reimbursed based on the insurance risk of their individual members.The company uses a proprietary, cloud-based technology platform to provide a full-service solution, including analytics, onsite medical record retrieval, prospective, in-home health risk assessments, and HCC coding services.