Exclusive: Advanced Medical Pricing Solutions hires banker for growth equity deal

  • Company focuses on cost-containment for healthcare
  • Norcross, Ga. firm hires deal-maker Ansley Capital Group
  • Firm has held talks with Great Point Partners of Greenwich, Conn.

The Norcross, Ga.-based company, which has about 20 employees and had net revenue of $9 million in 2014, has held talks with Great Point Partners, a Greenwich, Conn.-based firm that’s been shopping for deals in the healthcare cost management and payment service space.

Some of the company’s principals may be interested in cashing out to a private equity buyer, but Advanced Medical Pricing Solutions management may also seek to retain majority control, the source said.

A spokesman for Advanced Medical Pricing Solutions declined to comment. Great Point Partners and Ansley Partners did not respond to requests for comment.

Advanced Medical Pricing Solutions grew revenue by 2x in 2014 and has been expanding at a double-digit rate since 2012, the source said.

Led by CEO Mike Dendy and founded by Chairman Thomas Castleberry, Advanced Medical Pricing was launched in 2005 when Castleberry acquired Eldorado Services Group.

In December, Advanced Medical Pricing Solutions acquired Claims Delegate Services Inc. The deal for the co-fiduciary for self-funded health plans came after Advanced Medical Pricing grew by 60 percent last year, according to a statement on the company’s website

Advanced Medical Pricing Solutions audits healthcare costs for clients to curb prices. Clients include third-party administrators, self-funded groups, brokers and stop-loss carriers.