Baird Capital Partners Completes Add-on Acquisition for MedData

Baird Capital Partners, the U.S.-based buyout fund of Baird Private Equity, today announced that its portfolio company MedData, Inc., the premier provider of emergency department and hospitalist coding, billing and data management services, has acquired Summit Health Care Services.  The acquisition of the Brecksville, Ohio-based company combines two of the most recognized and respected providers of emergency medicine revenue cycle management services, further enhancing MedData’s operational scale and customer service resources.

Baird Capital Partners and management provided equity funding and Associated Bank provided a credit facility for the acquisition.

“When Baird Capital Partners began working with MedData management, our goal was to build an industry-leading, national platform for emergency medicine revenue cycle management services.  The addition of Summit enhances customer service and operational capabilities in the eastern U.S. and is a key step towards realizing our goal,” said Randy Mehl, BCP Partner.