Additional terms of the minority investment by TA Associates weren't disclosed. Mark H. Carter, a TA principal, and David S. B. Lang, an advisor at the private equity firm, will join MedSolutions’ board.
Current MedSolutions investors MedCare and Ridgemont Equity Partners will each retain a portion of their stakes.
MedSolutions employs more than 500 people, including at its headquarters and at call centers here and in Melbourne, Fla. The company provides cost management for more than 27 million individuals.
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