85 Advisors acts as exclusive financial advisor to MedStack on its sale to Launchit
NEW YORK, NY – November 1, 2024 – 85 Advisors is pleased to announce the sale of MedStack – a provider of SaaS-based compliance software to the digital health industry – to Launchit Solutions.
MedStack provides a cloud platform that enables healthcare ISVs to build, deploy, and maintain secure, HIPAA compliant digital health applications on Microsoft Azure or AWS. MedStack has been instrumental in powering healthtech solutions across North America, serving a diverse array of clients by reducing the complexity of compliance and enabling developers to focus on the functional impact of their applications.
The acquisition will enable Launchit Solutions, a pioneering health technology studio, to leverage MedStack’s foundational platform, which has been trusted by healthcare innovators for its rigorous adherence to HIPAA and other regulatory standards. By bringing MedStack into the Launchit family, Launchit will expand its capabilities in providing streamlined, security-first solutions to healthtech innovators and providers, helping them to efficiently address critical challenges related to compliance, data privacy, and patient trust.
85 Advisors acted as exclusive financial advisor to MedStack in connection with the transaction. Financial terms were not disclosed.
About MedStack
MedStack is a cloud automation technology company built specifically for the needs of the digital health industry. Its standardized platform allows healthcare innovators to deliver ready-to-buy, compliant applications to market and is emerging as the de facto standard for delivering industry requirements for digital health. MedStack is trusted by hundreds of leading digital health companies across North America and has been accepted in implementation by several notable payers and providers. The company is based in Toronto, Canada.
About 85 Advisors
85 Advisors is a strategic and financial advisory firm that helps technology companies plan, analyze and execute successful growth, financing, and M&A strategies. We work closely with our clients' senior management and board of directors to evaluate, plan and execute myriad strategic alternatives, including mergers, acquisitions, financings, joint ventures, and divestitures. Our focus and expertise extend beyond traditional investment banking services and, accordingly, we serve as a trusted and objective advisor to growth-stage and middle market technology companies on a variety of investment, growth, and operational matters. Our recommendations are informed by our extensive domain expertise paired with rigorous analysis of relevant macro, industry, company- and situation-specific factors. To this end, we have a strong track record of anticipating disruptive trends and changes in the competitive dynamics within the IT sector, and advising our clients on how to exploit these shifts proactively. We operate with a singular focus to help our clients achieve their long-term strategic objectives