TREND Health Partners Acquires Advent Health Partners

TREND Health Partners, a leading provider of healthcare credit balance management and payment accuracy solutions, has announced its acquisition of Advent Health Partners, Inc. This strategic combination solidifies TREND's position as a top AI-driven payment accuracy and revenue integrity platform for healthcare payers and providers.

Founded in 2010, Advent Health Partners has developed CAVO®, its proprietary technology platform, which uses artificial intelligence to streamline the review of medical records in revenue cycle and payment integrity processes. Like TREND, Advent's solutions aim to improve reimbursement accuracy and reduce administrative costs while promoting collaboration and transparency between payers and providers.

The addition of Advent's complementary solution offering and technology capabilities will enable TREND to deliver even greater value to its payer and provider clients by integrating clinical and non-clinical data and analytics into a single platform. With the acquisition, the combined company will serve more than 50 health plans and nearly 1,000 hospitals.

Sarah Armstrong, CEO of TREND, expressed excitement about the complementary capabilities and aligned visions of TREND and Advent. CAVO® will allow TREND to extend its existing platform, TRENDConnect, and further address challenges faced by payer and provider clients. Mark Thienel, CEO of Advent, also expressed pride in the accomplishments of the Advent team and the value they have delivered to clients, stating that the partnership with TREND will build upon that legacy.

To support the acquisition, Lone View Capital, TREND's first institutional investor, has provided a follow-on investment. Lone View Capital is a growth-oriented private equity firm that invests across the technology ecosystem.

The acquisition was supported by OM Partners, LLC as the exclusive financial advisor to Advent, and Barnes & Thornburg LLP as legal counsel. William Blair & Company served as the financial advisor, and Holland & Knight LLP served as legal counsel to TREND.

About TREND Health Partners

TREND Health Partners is an independent healthcare payment integrity company that offers technology-enabled credit balance management and payment accuracy solutions. The company's goal is to improve reimbursement accuracy and reduce administrative costs while promoting collaboration and transparency between payers and providers. For more information, please visit www.trendhealthpartners.com.

About Advent Health Partners

Advent Health Partners is a leading healthcare technology company dedicated to optimizing the clinical review process. Their AI-driven platform identifies and standardizes clinical attributes from itemized bills and medical records, expediting critical information presentation and ensuring timely and appropriate reimbursement. For more details, please visit AdventHP.com.

About Lone View Capital

Lone View Capital is a growth-oriented private equity firm that invests across the technology ecosystem. The team at Lone View Capital comprises investors and operators with deep domain and operational expertise to build market-leading businesses. The firm is based in Los Angeles, CA.

In summary, TREND Health Partners' acquisition of Advent Health Partners strengthens TREND's position as a leader in healthcare payment accuracy solutions. The integration of Advent's technology and solution offering will enable TREND to provide enhanced value to its payer and provider clients. This strategic move demonstrates TREND's commitment to leveraging AI-driven platforms and promoting collaboration within the healthcare industry.