424 Capital announced that it has closed a majority investment with MedHQ of Westchester, IL. MedHQ is a leading provider of HR and financial management services to healthcare providers across the country. The investment in MedHQ will support the continued growth of the Company’s existing service offerings and allow for the expansion of capabilities to offer additional value to ambulatory surgery centers and healthcare practices.
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MedHQ has established itself as a mission-critical provider of HR and financial management services which ensures that best practices are being followed within the complex landscape of medical organizations. The Company’s HR services help with one of the largest challenges that healthcare practices have today: attracting, managing, and retaining talent.
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“MedHQ is passionate about adding value to our healthcare customers and transforming the healthcare employment model by improving operations and reducing costs and risk through best practices and innovative solutions,” said Tom Jacob, CEO of MedHQ. “Our partnership with 424 allows us to accelerate our growth and expand our footprint while continuing to serve our clients and provide the critical HR and financial management services they need to serve their patients, teams, and partners.”
“424 Capital is excited to partner with Tom and the entire MedHQ team. Their robust service offering significantly reduces the back-office burden of healthcare organizations so they can focus their attention to the biggest priority of all, patient care. 424 is thrilled to be part of the next phase of MedHQ’s journey,” remarked Kyle Stanbro, Partner at 424 Capital.
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