MDaudit, a leading provider of billing and coding compliance software for healthcare systems, has secured a strategic growth investment from Bregal Sagemount, a prominent private equity firm, alongside existing investor Primus Capital. The financial details of the transaction remain undisclosed.

Based in Waltham, MA, MDaudit specializes in innovative software solutions that enhance revenue cycle management for healthcare providers. Its comprehensive SaaS platform supports over 700,000 providers across more than 2,500 facilities, managing an Aggregate Net Patient Revenue exceeding $225 billion in the U.S. The company is recognized for its customer-centric approach and commitment to delivering tailored solutions that address the specific needs of its clients.

Ritesh Ramesh, CEO of MDaudit, expressed enthusiasm about partnering with Sagemount, highlighting their expertise in healthcare IT and resources that will aid in accelerating MDaudit's growth. He also acknowledged Primus's ongoing support, emphasizing confidence in the company's future trajectory in the healthcare sector.

Phil Yates, Founding Partner at Sagemount, noted the firm's history of investing in healthcare IT and recognized MDaudit as a leader in risk monitoring and revenue integrity solutions. He believes the company is at the beginning of its innovation journey, thanks to its unique data capabilities and customized workflows for revenue cycle management.

Harrison Brunelli, Vice President at Sagemount, pointed out that as healthcare revenue cycle processes become increasingly complex, MDaudit is well-equipped to tackle provider challenges through its data benchmarking and workflow automation features.

Phil Molner, Managing Partner at Primus, praised MDaudit's progress since their initial partnership and expressed excitement about Sagemount joining as a new partner. He looks forward to collaborating with MDaudit's management team to further enhance their innovation and growth in the healthcare industry.

MDaudit and Primus received advisory support from TripleTree and Goodwin Procter, while Sagemount was also advised by Goodwin Procter.

MDaudit is dedicated to partnering with leading healthcare systems to mitigate compliance risks, enhance efficiency, and improve communication across teams. The company aims to transform the industry by minimizing billing risks and maximizing revenue through its AI-powered, integrated cloud platform, which emphasizes collaboration between technology and human decision-making.

Bregal Sagemount, with over $7.5 billion in capital raised, focuses on providing flexible capital and strategic support to high-growth companies across various sectors, including healthcare IT. The firm has invested in 75 companies and maintains offices in New York, Palo Alto, and Dallas.

Primus Capital is a growth-oriented private equity firm that invests in leading healthcare and technology-enabled services companies. The firm collaborates with management teams to drive growth and enhance operational performance, pursuing various investment strategies including buyouts and recapitalizations.