Healthcare private equity firm MTS Health Investors has completed a majority investment in Brentwood, Tennessee-based myNEXUS, a technology-driven, care management service provider with proven track record of reducing readmissions and lowering costs for hospitals. The investment was made from MTS Health Investors III, while L.P. Harpeth Capital advised the Brentwood-based company on the financing. Terms of the transaction were not disclosed.
myNEXUS’ service acts as a link that connects many parts of the healthcare system including individuals, physicians, health providers and insurers. The solution reduces overall healthcare costs by incorporating daily biometric monitoring technology to facilitate more informed and timely intervention for the chronically ill patients.
“In addition to capital, MTS’s experience and deep industry relationships will enable us to execute on our strategy,” said McArthur VanOsdale, myNEXUS CEO. “We look forward to working with them in expanding our platform and broadening our reach with payors, providers and the individuals we serve.”