WestView Capital Partners has invested in Xtend Healthcare LLC.
Xtend Healthcare, headquartered in Hendersonville, Tenn., provides services to the hospital market, including managing unpaid claims and predicting incoming revenue. Terms of the deal were not disclosed.
"Xtend’s proven outsourcing solutions address the multiple pain points and increasing complexities faced by hospital administrators," says Matt Carroll, WestView general partner.
Boston-based WestView focuses on investing in lower middle-market companies. The firm manages about $1 billion in capital, and invests in health care services, business and technology services, software, manufacturing and consumer companies.
Brentwood Capital Advisors advised Xtend on the deal, and co-invested alongside WestView. Abacus Finance Group LLC provided $45 million in senior debt financing. Crescent Capital Group LP also provided financing.