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Falcon Co-Advises AdvantEdge Healthcare Solutions on its merger with Health Prime

WAYNE, PENNSYLVANIA – October 22, 2021: Falcon Capital Partners, LLC (“Falcon”), a leading middle-market investment bank, is pleased to announce the merger of AdvantEdge Healthcare Solutions Inc. (“AdvantEdge”), with Health Prime.

AdvantEdge Healthcare Solutions headquartered in Warren, NJ is recognized as one of the top-ten companies providing medical billing services, practice management and coding optimized solutions to value-based care providers. The solutions enable healthcare clients to improve decision making, maximize financial performance, and improve operational efficiency. With over 800 employees, the company uses its 50 years of experience to enable operational efficiency through impactful analytics, consulting services, billing, coding, and compliance expertise to ensure successful health outcomes for patients.

Health Prime, based in National Harbor, MD is a leading provider of practice management and optimization solutions. Since inception, the company’s mission has been to allow doctors tend to patients rather than paperwork. Being a physician owned company, Health Prime is deeply dedicated to providing physicians access to the best tools and resources for an improved workflow, less burdened by non-core administrative activities while ensuring optimal financial outcomes. Health Prime’s analytics platform, Datalytics provides timely actionable insights to value-based care providers for optimum financial performance and prepare them for reimbursement shifts.

The merger of AdvantEdge and Health Prime, two leaders within the provider practice management and revenue cycle management space ensures a state-of-the-art turnkey technological solution for physicians practices. David Langsam, CEO and President of AdvantEdge stated, “Innovation through technology is a critical shared value between our companies, from the billing software developed by AdvantEdge and the Datalytics practice intelligence tools offered through Health Prime. Together, they offer unprecedented efficiency and visibility into actionable information for our clients.” Alongside an unmatched value and technology proposition for clients, the merger provides companies access to exceptional analytics and RCM technology, expanded market reach and a broader network of experts including coders and bi-lingual call center support personnel. The complete press release for the transaction can be found here.

Falcon served as co-financial advisor to AdvantEdge alongside Brentwood Capital Advisors. Falcon’s Managing Director Ted Stack writes, “Falcon is glad to have had the opportunity to assist AdvantEdge in finding the right partner that aligns with the company’s values of innovation and client-first service philosophy, while providing physicians industry leading integrated solutions.” David Langsam, CEO and President of HealthEdge commented, “Falcon was integral in helping us navigate the complexities of the transaction. As our advisors, they played a crucial role in selecting the right partner for us, ensuring the best outcome for us, our clients, and ultimately patients.”

The terms of the transaction were not disclosed. This transaction represents another successful outcome for Falcon, an industry leader in the Revenue Cycle Management (RCM) segment within its national healthcare practice. The Falcon deal team was led by Managing Director, Ted Stack and Vice President, Don Wanner. For more information, please contact Ted at tstack@falconllc.com, or Don at dwanner@falconllc.com.