NEW YORK--(BUSINESS WIRE)--MTS Health Investors, LLC (“MTS”), the New York-based healthcare private equity firm, announced that funds managed by MTS have completed an investment in Accuity Delivery Systems LLC (“Accuity” or the “Company”). Terms of the transaction were not disclosed.
Accuity is a revenue cycle management business that provides clinical documentation improvement (CDI), coding and quality assurance and provider education services to its hospital clients. Accuity’s dedicated group of physicians, clinical documentation improvement specialists and coding professionals work directly with clients’ existing personnel to develop a robust CDI program that includes tailored physician-driven education and accuracy and compliance reporting and monitoring. Accuity is led by its Founder and Chief Executive Officer, Dr. Eric Moskow, with whom MTS successfully partnered on a prior healthcare investment.
Dr. Moskow commented, “We are excited to have MTS as a partner again as we continue to expand across new health systems and hospitals. MTS’s investment, coupled with their deep network of relationships in the healthcare market, will be incredibly valuable as we enter our next phase of growth.”
“We are thrilled to be partnering again with Dr. Moskow and his management team,” said Alex Buzik, Managing Director with MTS. “The Accuity team has created a novel solution in an area of increasing focus for hospitals. We look forward to supporting the Company’s continued growth.”
McDermott Will & Emery LLP acted as legal advisor to MTS and Glaser Weil Fink Howard Avchen & Shapiro LLP acted as legal advisor to Accuity. Terms of the transaction were not disclosed.
About Accuity Delivery Systems
Accuity Delivery Systems is a revenue cycle management business that provides clinical documentation improvement, coding and quality assurance and provider education services to its hospital clients. For more information please visit www.accds.com.
MTS Health Investors, LLC (“MTS”) makes equity investments in companies that operate within the services sectors of the healthcare industry. We focus on companies with profitable business models and a demonstrated ability to deliver cost-effective solutions. MTS manages over $700 million in investments and is currently investing out of its fourth fund. We are based in New York City and invest in companies throughout the United States.
For more information, please email us at MTSHealthInvestorsIR@mtspartners.com.