MedApproved, LLC

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MedApproved, LLC - overview

Established

2009

Location

-, OH, US

Primary Industry

Software

About

MedApproved, LLC provides innovative solutions for healthcare operations, focusing on streamlining administrative tasks and enhancing efficiency within healthcare organizations through their software services. Founded in 2009, MedApproved, LLC operates from Hudson, US, specializing in healthcare operations. In July 2017, the company was acquired by TractManager, Inc. , a portfolio company of Arsenal Capital Partners.


MedApproved, LLC specializes in healthcare operations software designed to enhance efficiency in healthcare organizations. Their flagship product integrates essential capabilities to standardize workflows related to workforce management, provider data, compliance, quality, and financial operations. Key offerings include credentialing software and clinical communication tools. MedApproved serves over 400 payers and numerous hospitals across the United States, addressing complexities in healthcare operations.


MedApproved, LLC operates primarily through a subscription-based model, facilitating ongoing partnerships with healthcare organizations. Clients engage in multi-year contracts for comprehensive access to the software solutions tailored to their operational needs. Revenue is driven by demand for solutions supporting credentialing and operational efficiency across the healthcare sector. The most recent acquisition in July 2017 will allow MedApproved, LLC to utilize resources from TractManager, Inc.


for future growth initiatives. Plans may include launching new products and expanding into additional geographic regions, although specific details on upcoming products and targeted markets have not been disclosed.


Current Investors

TractManager, Inc.

Primary Industry

Software

Sub Industries

Healthcare IT, Medical Software

Website

www.medapproved.com

Company Stage

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Total Amount Raised

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MedApproved, LLC - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
Add-onCompletedMedApproved, LLC-

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