Bryant Park Capital served as exclusive financial advisor to ProMed Capital Ventures, a provider of financing to medical practices and facilities in the U.S., in its sale to Experity Ventures, the parent company for several specialty finance and legal funding related services businesses in the U.S. The financial terms of the transaction were not disclosed.
“Bryant Park Capital was instrumental in advising ProMed throughout the entire process, from comparing liquidity options for shareholders to managing a lengthy negotiation and closing process. The team at BPC provided thoughtful advice to ProMed throughout the process and helped us to achieve a successful outcome,” David Shulman, co-founder and CEO of ProMed, said. “We ended up finding the perfect partner for ProMed and its employees and clients, and we appreciate BPC’s guidance and efforts in making this possible.”
Founded in 2013, ProMed is a provider of medical receivable funding solutions.
Experity Ventures, founded in 2019, is the parent company for Nexify Capital and Nexify Solutions, MedSolve Financial Group and Thrivest Legal Funding dba Thrivest Link.