Harpeth Capital is delighted to announce the sale of MDsave to Tendo. As a prominent healthcare marketplace, Nashville-based MDsave has been pivotal in democratizing access to care for everyone. Tendo collaborates with top health systems to offer superior healthcare experiences, optimize clinical outcomes, and enhance efficiency for patients, clinicians, and caregivers. Harpeth Capital served as financial advisor to MDsave, having served as financial advisor on the company’s initial institutional funding in 2015 and a strategic investment by Change Healthcare in 2018.

MDsave stands out as the foremost online medical service platform in the nation, creating vital connections among providers, employers, and consumers. The platform offers access to comprehensive, transactable healthcare services characterized by high quality and transparent pricing. The innovative technology powering MDsave streamlines the healthcare billing process for both patients and providers by offering bundled pricing options and upfront payment facilities. Furthermore, MDsave’s patented technology enables employers and payors to deliver unparalleled value to employees and policyholders while effectively reducing out-of-pocket deductible expenses.

“The acquisition of MDsave by Tendo marks a significant milestone,” said Paul Ketchel, CEO and Co-Founder of MDsave. “With the integration of the MDsave platform, Tendo is poised to revolutionize the experience of both patients and providers by providing a comprehensive solution to the patient’s journey. We are grateful to Harpeth Capital for their unwavering support and guidance over the years, particularly throughout this transaction. Harpeth Capital has been an invaluable partner since the inception of MDsave.”

Added Senator Bill Frist, MDsave Co-Founder and Board Member, “The combination of MDsave and Tendo creates a formidable partnership at the focal point of healthcare consumers, employers and providers at a time when access to a transparent healthcare marketplace is vital and beneficial to all constituents. I am excited to remain an investor in the combined company.”

Chuck Byrge, CEO of Harpeth Capital, sharing his thoughts on the transaction, “We are deeply grateful for the trust placed in us by the Board and management team to steer this transaction to success. After a thorough review of strategic alternatives, we are confident Tendo is the ideal synergistic partner to assure MDsave continues its tremendous growth opportunity. As continuing investors as well, we look forward to seeing the impact of the combined company going forward.”

For further details about the transaction, please see Tendo’s announcement here.