NASHVILLE, Tenn.–(BUSINESS WIRE)–Council Capital, a prominent healthcare-focused private equity firm, today announces the acquisition of MedicalServiceQuotes.com (MSQ), a platform as a service (PaaS) technology provider helping payers and employers efficiently procure and manage ancillary services and pharmacy benefits through transparent, data-driven analytics.
Investment firm PMPK, led by industry veterans Chris Feeney and Ken Hannigan, Ph.D., also supported this deal with both financial and advisory backing. Their proven leadership will be instrumental in driving industry transformation.
“Leveraging technology to power efficient, transparent, high-quality care for injured workers is how we transform healthcare,” said Grant Jackson, Managing Partner, Council Capital. “We support the vision of MSQ and look forward to expanding its industry-leading cost containment solutions through the high-touch support Council Capital offers our portfolio companies.”
Based in Castle Rock, Colorado, MSQ streamlines workflow management for workers’ compensation and auto-no-fault insurers by providing a single, integrated portal for vendor access, billing, and reporting.
The platform enables clients to manage preferred vendors through a custom panel and secure competitive pricing via network discounts and real-time bidding. By capturing granular vendor data, MSQ’s proprietary technology delivers the analytics necessary for data-driven decision-making.
“MSQ’s mission is to empower clients by leveraging technology to provide pharmacy benefit management and ancillary healthcare services from the highest-quality providers in one convenient platform,” MSQ founder and CEO Kent Morgan stated. “We’re excited to build on this momentum and continue delivering industry-leading innovation.”
Morgan will continue to lead MSQ’s operations in Castle Rock, Colorado.
ABOUT COUNCIL CAPITAL
Council Capital is a healthcare-focused private equity firm based in Nashville, Tennessee. Now investing out of its fourth fund, Council aspires to partner with high-growth healthcare companies to achieve strong investment returns by investing in businesses that make healthcare better. The firm has deep experience in scaling technology and service models in healthcare and brings a powerful network of industry leaders to each of its portfolio companies. For more information, visit councilcapital.com.
