The Crestline Opportunistic Strategies Team closed and funded a senior secured loan to Advanced Medical Pricing Solutions (“AMPS”), a diversified healthcare technology company supporting transparent, affordable medical and prescription benefits through proprietary software as a service (SaaS) products and technology-enabled services offered across the healthcare payer and employer markets. The financing will support AMPS’ ongoing growth initiatives to expand its innovative offerings to health plans, third party administrators (TPAs), employers and individual market aggregators. AMPS is a portfolio company of Cimarron Healthcare Capital (“Cimarron”), a Salt Lake City-based private equity firm focused on healthcare’s lower middle market.
“We are excited to be part of AMPS' next chapter,” said Marc Strauss, Senior Managing Director at Crestline. “This financing provides the company with a solid foundation to continue its growth trajectory and further solidify its position in the payer technology and cost containment space.”
”AMPS is well-equipped to capitalize on the increasing demand for innovative healthcare solutions serving the payer and employer markets.” Taylor Brown, Director at Crestline, added.
“Partnering with Crestline enables us to execute on our strategic objectives and continue to scale our businesses,” said Matt Brow, CEO of AMPS. “This financing support will accelerate the rollout of innovative new software products serving new end markets while broadening the impact of our solutions, expanding access and affordability for healthcare consumers and plan sponsors.”
“We are thrilled to partner with Crestline on this financing, which enables AMPS to continue its momentum and pursue its value creation goals,” said James Nadauld, Founder and Managing Partner at Cimarron Healthcare Capital. “AMPS has demonstrated significant growth, and we’re confident that the company, with its innovative solutions, talented leadership and strong balance sheet, is poised for continued success.”
Crestline Investors, Inc. is an alternative investment management firm founded in 1997 and based in Fort Worth, Texas, with affiliate offices in London, New York, Toronto, and Tokyo. The firm has approximately $21 billion in assets under management (as of September 30, 2024), and is specialized in private credit strategies, offering a diverse range of investment solutions across its direct lending, opportunistic, and portfolio finance platforms. For more information, visit www.crestlineinvestors.com.
Cimarron Healthcare Capital is a healthcare-focused private equity firm based in Salt Lake City, UT. Cimarron is led by a unique combination of seasoned healthcare investors and operators. The firm partners with owners and operators in the healthcare lower middle-market to build enduring businesses that improve the healthcare system and drive value for all stakeholders. For more information, visit www.cimarronhc.com.
Founded in 2005, Advanced Medical Pricing Solutions (AMPS) is a diversified healthcare technology company supporting transparent, affordable medical and prescription benefits through proprietary software as a service (SaaS) products and tech-enabled services offered across the healthcare payer and employer markets. The company offers a range of products including prospective payment integrity software, high-dollar medical bill review, claim repricing software, reference-based pricing software and services, and transparent pharmacy benefits management, through its business units: ClaimInsight, PriceDynamix, and Drexi. AMPS serves self-insured employers, health plans, TPAs, and individual market aggregators throughout the United States. For more information, visit www.amps.com.
