Recondo Receives $20M Growth Investment from Bregal Sagemount
The company intends to use the proceeds from the investment to expand their sales and marketing efforts and broaden their product offerings through internal development and strategic merger and acquisition opportunities.
Led by Rick Adam, Founder and CEO, Recondo provides technologies and services to connect providers, payers, and patients throughout the healthcare revenue cycle.
The company recently acquired eHC (Electronic Health Claims) Solutions, a premier developer of advanced, Intelligent Electronic Data Interchange (EDI) solutions.
In conjunction woth the investment, Phil Yates, a founding Partner of Bregal Sagemount, and Pavan Tripathi, Senior Associate, will join Recondo’s board of directors.