COCKEYSVILLE, Md.– Trend Health Partners, a leader in healthcare credit balance management and payment accuracy solutions, has announced its acquisition of Advent Health Partners, Inc. This strategic move further solidifies TREND’s position as a premier AI-driven payment accuracy and revenue integrity platform, catering to both healthcare payers and providers.
Advent Health Partners, established in 2010, brings a wealth of expertise with its team of clinical professionals, software developers, and data scientists. They are renowned for developing CAVO®, a proprietary technology platform that leverages artificial intelligence to optimize medical record reviews within revenue cycle and payment integrity processes. CAVO® streamlines critical functions such as denials management, utilization management, itemized bill reviews, and DRG reviews. Like TREND Health Partners, Advent is dedicated to enhancing reimbursement accuracy and minimizing administrative overhead, while promoting payer-provider collaboration and transparency.
The integration of Advent’s solutions and technological capabilities will significantly enhance TREND Health Partners’ service offerings. By combining clinical and non-clinical data and analytics into a unified platform, TREND Health Partners will deliver even greater value to its clients, encompassing both payers and providers. The newly combined entity will serve an extensive network of over 50 health plans and nearly 1,000 hospitals.
“The synergy between TREND Health Partners and Advent is truly remarkable, with highly complementary capabilities and a shared vision,” stated Sarah Armstrong, CEO of TREND Health Partners. “The addition of CAVO® to our platform, TRENDConnect, will enable us to address a broader spectrum of challenges for our payer and provider partners. We are thrilled to welcome the Advent team to our organization.”
Mark Thienel, CEO of Advent, added, “The Advent team is incredibly proud of our accomplishments over the last decade and the substantial value we’ve brought to our clients. Partnering with TREND Health Partners represents an exciting opportunity to build upon this legacy and achieve even greater impact.”
The acquisition is supported by a continued investment from Lone View Capital, TREND Health Partners’ primary institutional investor since 2022, highlighting confidence in TREND’s growth trajectory and strategic vision.
OM Partners, LLC acted as the exclusive financial advisor, and Barnes & Thornburg LLP served as legal counsel to Advent. William Blair & Company served as the financial advisor and Holland & Knight LLP as legal counsel to TREND Health Partners in this transaction.
About TREND Health Partners
TREND Health Partners is an independent healthcare payment integrity company committed to improving reimbursement accuracy and reducing administrative burdens. Through its comprehensive suite of technology-driven credit balance management and payment accuracy solutions, TREND fosters enhanced collaboration and transparency between healthcare payers and providers. For more information, please visit www.trendhealthpartners.com.
About Advent Health Partners
Advent Health Partners is a leading healthcare technology firm focused on optimizing the clinical review process. As a strategic partner to hospitals and health plans nationwide, Advent’s AI-powered platform standardizes clinical attributes from itemized bills and medical records, accelerating critical information delivery and ensuring timely and appropriate reimbursement. For more details, please visit AdventHP.com.
About Lone View Capital
Lone View Capital is a growth-focused private equity firm investing across the technology landscape. Comprised of investors and operators, Lone View leverages deep domain and operational expertise to develop market-leading businesses. Lone View is based in Los Angeles, CA.
Contacts
Sarah Mattina Edelman Smithfield 513.889.6652 [email protected]
