Health care tech company Med-Metrix LLC, based in Parsippany, announced May 10 that it acquired PatientPal Inc., a fellow revenue cycle management firm.
Backed by A&M Capital Partners, the acquisition of PatientPal’s proprietary front-end RCM software improves upon Med-Metrix’s patient intake technology and service capabilities, according to the announcement. Financial terms of the deal were not disclosed.
“This strategic transaction exemplifies our commitment to providing our current and prospective health care customers with differentiated, RCM technology,” Med-Metrix founder and CEO Joseph Davi said in a statement.
Rob Wright, Med-Metrix president, added, “We believe Adam [Vartikar] and Ben [Hutchins] have built a great company with a fantastic technology platform. We look forward to integrating PatientPal’s software to provide a unique patient engagement experience for healthcare providers and their patients.”
Founded in 2017 in Boston, PatientPal will continue to serve its customers across 35 states, but will be rebranded within the Med-Metrix AnalytX suite of proprietary software products. The integration of the company’s technology systems will allow for the automation health care providers’ traditional front desk responsibilities, from scheduling appointments to final payment.
Vartikar and Hutchins, PatientPal’s co-founders, agreed that the companies both aimed to help health care providers “remove administrative burdens” while improving patients’ outcomes.
Rob Haisch, a partner of A&M, said the private equity investment firm will continue to support Med-Metrix in additional M&A opportunities.
