MTS Health Investors LLC has purchased a majority stake in MyNexus, adding to the spate of technology deals in the health care sector.
Based in Brentwood, Tenn., MyNexus is a care management service that aims to reduce hospital admissions. Terms were not disclosed. Harpeth Capital advised MyNexus on the sale process.
MTS Health, which launched in 2000, facilitated the deal out of its third fund MTS Health Investors III LP. The New York firm held a final close on Fund III with $188 million in January. For more on MTS Health, see 5 Winning Fundraising Strategies.
In September, MTS completed the sale of former portfolio company, Florida Gulf-to-Bay Anesthesiology Associates, to TeamHealth Holdings Inc. (NYSE:TMH). The price tag of the deal remains undisclosed.