PE-backed MedData Buys MedDirect

Private equity-backed medical billing services company MedData Inc. has acquired MedDirect Inc., a Grand Rapids, Mich.-based patient services company. Terms of the deal were not released. Brecksville, Ohio-based MedData is a portfolio company of a portfolio company of Baird Capital Partners, the U.S.-based buyout fund of Baird Private Equity.

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