MedData to buy PE-backed Cardon Outreach for $400 mln

MedData Inc has agreed to acquire Texas-based Cardon Outreach LLC, a provider of revenue cycle management services, for a consideration of $400 million. The deal is expected to be completed within the next month. Cain Brothers advised Cardon Outreach on the transaction. Cardon Outreach was backed by Serent Capital.

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