Medicare Secondary Payer compliance solutions provider Franco Signor, has secured an investment from US buyout house BV Investment Partners.
The financial details of the deal were not disclosed however, BV typically invest $25m in companies with an EBITDAs between $5m and $20m.
Florida-headquartered Franco Signor provides MSP compliance software and services to self-insured companies, insurers, and third-party administrators.
It uses an integrated technology platform to manage MSP matters for employee compensation, no-fault, and liability claims in compliance with MSP regulatory guidance.
BV Investment Partners managing partner Vikrant Raina said, “We recognize the importance of MSP compliance within healthcare cost containment efforts and, furthermore, recognize Franco Signor as a true leader in this space, helping its customers navigate ever-evolving and complex rules and regulations.”
BV was founded in 1983, and has since invested more than $3.4bn in companies across the business services, software and IT services industries.
The firm held a $750m hard cap close for its ninth fund in 2017, after less than three months on the road.
In February this year, the Mid-market buyout house sold its business intelligence and data provider Reimagine Holdings after less than two-and-a-half years in its portfolio.
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