Medicus Receives Strategic Investment from FFL

Healthcare
Technology & Services

Medicus, a portfolio company of 424 Capital, strategic investment from FFL


Summary

Medicus IT (“Medicus”), a portfolio company of 424 Capital, has received a strategic investment from FFL Partners (“FFL”). The terms of the transaction have not been disclosed.

Baird served as exclusive financial advisor to Medicus on this transaction.

About

Medicus delivers HIPAA-compliant, best-in-class managed IT and cybersecurity services tailored specifically for the healthcare industry. Medicus serves over 6,500 healthcare providers and more than 50,000 end users. With approximately 300 dedicated employees, Medicus supports outpatient providers and community health center clients across 30+ states and 2,000+ locations. Medicus is headquartered in Alpharetta, Georgia.

424 Capital is a capital partner that invests in lower middle market companies in the tech enabled services space. 424 Capital works in partnership with founders and management teams to accelerate and scale for long-term growth. 424 Capital invests in, empowers and enables companies to step up, stand out and make a difference in the world. 424 Capital is headquartered in Wakefield, Massachusetts.

FFL is a leading middle-market private equity firm that has been investing in high-quality companies since 1997. FFL is a hyperspecialized, thematic investor focused on targeted areas within Healthcare and Tech-Enabled Services, two complementary sectors in which the firm has deep expertise and broad networks. FFL employs a proprietary sourcing and value creation strategy called the Sector Exploration and Expertise Development (“SEED”) process. The firm aims to partner with exceptional management teams and employs a high-engagement approach to accelerate growth at its businesses. FFL currently has over $6 billion of cumulative capital commitments. FFL is headquartered in San Francisco, California.


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Healthcare
Technology & Services

Medicus, a portfolio company of 424 Capital, strategic investment from FFL

Date
July 2024
Company
Medicus IT
Transaction
M&A - Sellside
Sectors
Healthcare
Technology & Services
Verticals
Healthcare IT & Services
IT Services, Security & Infrastructure
Target Geography
North America
Acquiror Geography
North America

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