DALLAS (2019) – White Rock Advisors, LLC is pleased to announce it recently advised Prevalent Health (“Prevalent”) on its sale to iMedX, Inc. (“iMedX”), a portfolio company of RFE Investment Partners, a private equity firm based in Connecticut.
Founded in 2006 by Shawn Fry, Prevalent is a cutting-edge healthcare information technology company based in Houston, TX. Through their proprietary technology Prevalent can analyze any healthcare providers data and build custom data analytics and dashboards necessary to manage the business of healthcare.
Founded in 2002, iMedX is an integrated medical document management and health information solutions company based in Atlanta, GA. Through its continuously growing technological capabilities, iMedX offers a full suite of high-value revenue cycle management solutions including medical transcription and coding services, results-based consulting, education and training opportunities, and data analytics. The acquisition of Prevalent will allow iMedX to deliver custom technology solutions and drive positive results and success for thousands of healthcare clients globally.
Shawn Fry, CEO and Founder of Prevalent, stated, “This was a real team effort, and we could not have got this deal over the goal line without the expertise and assistance of White Rock Advisors. I am extremely excited to move forward as the Chief Innovation Officer with iMedX and deploy the technology we created at Prevalent on a broader and global scale.
Gabe Trotta, Director at White Rock Advisors added, “We are pleased to see the successful combination of these companies thanks to the hard work of everyone involved. We believe the improved technology and analytics capabilities of iMedX will improve outcomes for many people in the healthcare space.”
About White Rock Advisors, LLC
The White Rock Advisors team is located in Dallas, Texas. White Rock Advisors through provides merger and acquisition advisory services, institutional private placements of equity and debt, restructuring and turnaround services and general corporate finance advisory services to companies with revenues or enterprise values ranging from $10 million to $500 million. White Rock Advisors focuses on building long term value for clients through unbiased advice, access to the capital markets, and expert assistance in mergers and acquisitions.
White Rock Advisors, LLC (“White Rock”) member FINRA/SIPC is a limited purpose broker dealer that provides a limited range of brokerage and financial advisory services. White Rock does not hold customer accounts, funds or securities, accept trading orders, engage in proprietary trading or market making. White Rock is engaged solely in advising companies and private equity funds on capital raising and corporate restructuring. This is not an offer or solicitation for brokerage services, investment advisory services, or other products or services in any jurisdiction where we are not authorized to do business or where such offer or solicitation would be contrary to the securities laws or other local laws and regulations of that jurisdiction.