MedSynergies Overview

  • Year Founded
  • 1996

Year Founded

  • Status
  • Acquired/​Merged

  • Employees
  • 1,001

Employees

  • Latest Deal Type
  • M&A

MedSynergies General Information

Description

Provider of revenue cycle management, practice management, consulting services, business process analysis and software integration services to health care organizations and physicians. The company offers consulting services, practice operations optimization services, payment processing services, such as payment posting and secondary filing, patient self-pay collection services, technology services.

Contact Information

Website
www.medsynergies.com
Ownership Status
Acquired/Merged
Financing Status
Formerly VC-backed
Corporate Office
  • Two MacArthur Ridge, 909 Hidden Ridge
  • Suite 300
  • Irving, TX 75038
  • United States
+1 (972)
Primary Industry
Practice Management (Healthcare)
Other Industries
BPO/Outsource Services
Other Healthcare Technology Systems
Acquirer
Optum
Vertical(s)
SaaS, TMT
Corporate Office
  • Two MacArthur Ridge, 909 Hidden Ridge
  • Suite 300
  • Irving, TX 75038
  • United States
+1 (972)

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MedSynergies Valuation & Funding

Deal Type Date Amount Raised to Date Post-Val Status Stage
8. Merger/Acquisition 30-Sep-2014 Completed Profitable
7. Later Stage VC (Series D) 01-Jul-2013 Completed Profitable
6. Later Stage VC (Series C) 19-Jan-2011 Completed Profitable
5. Later Stage VC 13-Jan-2011 Completed Profitable
4. Later Stage VC 12-Aug-2010 Completed Profitable
3. Later Stage VC (Series B) 07-Jul-2010 Completed Profitable
2. Later Stage VC (Series A2) 01-Aug-2008 $7M $31M Completed Profitable
1. Later Stage VC (Series A) 04-Aug-2004 $24M $24M Completed Profitable
To view MedSynergies’s complete valuation and funding history, request access »

MedSynergies Cap Table

Stock # of Shares
Authorized		 Par Value Dividend Rate (%) Original
Issue Price		 Liquidation Liquidation
Pref. Multiple		 Conversion Price % Owned
Series D
Series C
Series B
Series A2
Series A1 16,571,000 $0.000100 8% $0.75 $0.75 1x $0.75 15.19%
Series A 16,604,000 $0.000100 8% $0.75 $0.75 1x $0.75 15.22%
To view MedSynergies’s complete cap table history, request access »

MedSynergies Comparisons

Description
Primary
Industry
HQ Location
Employees
Total Raised
Post Valuation
Last
Financing
Details
Provider of revenue cycle management, practice management, consulting services, business process analysis and software i
Practice Management (Healthcare)
Irving, TX
1,001 As of 2015

New York, NY
 

Culver City, CA
 
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MedSynergies Competitors (24)

One of MedSynergies’s 24 competitors is CureMD, a Accelerator/Incubator Backed company based in New York, NY.

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
CureMD Accelerator/Incubator Backed New York, NY
Gebbs Healthcare Solutions Private Equity-Backed Culver City, CA
Carecloud Corporation Franklin Township, NJ
AdvantEdge Healthcare Solutions Private Equity-Backed Warren, NJ
Resource Optimization & Innovation Corporate Backed or Acquired Saint Louis, MO
You’re viewing 5 of 24 competitors. Get the full list »

MedSynergies Signals

Growth Rate

Weekly
Growth
Weekly Growth

Size Multiple

Median
Size Multiple

Key Data Points

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MedSynergies Former Investors (2)

Investor Name Investor Type Holding Investor Since Participating Rounds
2M Companies Family Office Minority
FTV Capital Growth/Expansion Minority
To view MedSynergies’s complete investors history, request access »

MedSynergies Investments & Acquisitions (2)

MedSynergies’s most recent deal was a Buyout/LBO with PhyServe Physician Services. The deal was made on 31-Dec-2010.

Company Name Deal Date Deal Type Deal Size Industry Lead Partner
PhyServe Physician Services 31-Dec-2010 Buyout/LBO Practice Management (Healthcare)
Practice Performance 18-Sep-2006 Merger/Acquisition Practice Management (Healthcare)
To view MedSynergies’s complete investments and acquisitions history, request access »

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MedSynergies FAQs

  • When was MedSynergies founded?

    MedSynergies was founded in 1996.

  • Where is MedSynergies headquartered?

    MedSynergies is headquartered in Irving, TX.

  • What is the size of MedSynergies?

    MedSynergies has 1,001 total employees.

  • What industry is MedSynergies in?

    MedSynergies’s primary industry is Practice Management (Healthcare).

  • Is MedSynergies a private or public company?

    MedSynergies is a Private company.

  • What is MedSynergies’s current revenue?

    The current revenue for MedSynergies is .

  • How much funding has MedSynergies raised over time?

    MedSynergies has raised $149M.

  • Who are MedSynergies’s investors?

    2M Companies and FTV Capital have invested in MedSynergies.

  • Who are MedSynergies’s competitors?

    CureMD, Gebbs Healthcare Solutions, Carecloud, AdvantEdge Healthcare Solutions, and Resource Optimization & Innovation are some of the 24 competitors of MedSynergies.

  • When was MedSynergies acquired?

    MedSynergies was acquired on 30-Sep-2014.

  • Who acquired MedSynergies?

    MedSynergies was acquired by Optum.

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