BCP Portfolio Company MedData Acquires MedDirect, Inc.
BRECKSVILLE, Ohio, Jan. 11, 2012
MedData, Inc., the premier provider of coding, billing and accounts receivable services for hospital-based physician groups, today announced that it has acquired MedDirect, Inc. Based in Grand Rapids, Mich., MedDirect is a patient services company that provides revenue cycle management services and advanced personalized patient communications to healthcare organizations. MedData is a portfolio company of Baird Capital Partners
(BCP), the U.S.-based buyout fund of Baird Private Equity
MedDirect’s technology-driven services will provide a significant benefit and competitive differentiation for MedData’s clients via the Company’s proprietary MedData Plus patient service solution, which is specifically designed to solve meaningful revenue and patient satisfaction challenges. For more information, please read MedData’s news release. http://www.businesswire.com/news/topix/20120111005370/en
About Baird Capital Partners
Baird Capital Partners, the U.S.-based buyout fund of Baird Private Equity, invests in lower middle-market companies in the business services, manufactured products and healthcare sectors. Established in 1989, Baird Capital Partners leverages its deep sector knowledge, experienced investment team and extensive operating resources to drive value in its portfolio companies. Baird Capital Partners is supported by operating resources in China (Beijing, Hong Kong, and Shanghai) and India (Bangalore) focused on facilitating and executing Asia sourcing, manufacturing and distribution strategies for Baird Capital Partners’ portfolio companies. Baird Private Equity is the global private equity group of Robert W. Baird & Co. (Baird). For more information, please visit bairdcapitalpartners.com