KKR Leads Financing for Harvest Partners' Growth Investment in Med-Metrix
The Company's management team, led by CEO Joseph Davi, will continue to lead Med-Metrix and remain significant owners of the business. Med-Metrix's prior owner, A&M Capital ('AMC'), will retain a minority stake in the Company and invest additional capital as part of the transaction.
Founded in 2010 and based in New Jersey, Med-Metrix is a leading platform providing RCM services and technology to health systems and physician groups across the United States. The Company offers end-to-end and point solution services supported by its proprietary technology platform.
Credit funds and accounts managed by KKR originally served as the sole lenders in the financing for AMC's acquisition of Med-Metrix in 2021.
'Our long-standing relationships with Med-Metrix, Harvest, and AMC allowed us to move quickly and with conviction to seamlessly deliver a scaled solution for this transaction,' said Alexander Foreman, a Managing Director at KKR. 'We are pleased to further deepen our commitment to Med-Metrix as part of this milestone growth investment, which serves a testament to the remarkable success of Joe and the entire team in expanding the Company's reach and building out its comprehensive suite of offerings to serve even more healthcare systems and providers across the country.'
About KKR
KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people, and supporting growth in its portfolio companies and communities. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. KKR's insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. References to KKR's investments may include the activities of its sponsored funds and insurance subsidiaries. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKR's website at www.kkr.com. For additional information about Global Atlantic Financial Group, please visit Global Atlantic Financial Group's website at www.globalatlantic.com.
About Med-Metrix
Med-Metrix is a leading technology-enabled services platform providing RCM and Business Intelligence ("BI") solutions for health systems and physician groups across the United States. Med-Metrix provides end-to-end as well as point solution RCM and BI services via the Company's proprietary software platform. More information is available at www.med-metrix.com.
About Harvest Partners
Founded in 1981, Harvest Partners is an established private equity firm with over 40 years of experience investing in middle-market companies and partnering with high-quality management teams to build growing businesses. For more information, please visit www.harvestpartners.com.
About A&M Capital
A&M Capital is a multi-strategy private equity investment firm with over $6.0 billion in total commitments across its funds, vehicles, and accounts. The firm is led by a highly experienced investment team, which is augmented by a strategic association with A&M Consulting, a leading global operationally focused advisory firm. A&M Capital combines a focus on middle-market private equity investing with deep operational expertise, industry knowledge, and global corporate relationships, making A&M Capital an attractive partner to management teams and business owners. A&M Capital is headquartered in Greenwich, CT, with offices in Los Angeles, CA, West Palm Beach, FL, London, UK, and Milan, IT. For more information, visit www.a-mcapital.com.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
21 minutes ago
- Yahoo
fuboTV (FUBO) Shares Skyrocket, What You Need To Know
What Happened? Shares of live sports and TV streaming service fuboTV (NYSE:FUBO) jumped 5% in the morning session after the company reported a drop in subscribers and a year-over-year revenue decline for its second quarter, which overshadowed beats on profit and revenue expectations. The sports-focused streaming platform saw its domestic subscribers fall by 94,000 year-over-year to 1.36 million. Total revenue also dipped by 2.8% to $380 million. Despite these declines, the results were not all negative. Fubo posted an adjusted earnings per share (EPS) of $0.05, reversing a loss from the same quarter last year and beating analyst estimates. It also generated a positive Adjusted EBITDA of $20.67 million, another bright spot in the report. However, investors appeared to focus more on the shrinking subscriber base and revenue, which are critical performance indicators for streaming services. Is now the time to buy fuboTV? Access our full analysis report here, it's free. What Is The Market Telling Us fuboTV's shares are extremely volatile and have had 65 moves greater than 5% over the last year. In that context, today's move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business. The previous big move we wrote about was 4 days ago when the stock gained 7.2% on the news that markets rebounded following a sharp sell-off in the previous trading session as weaker-than-expected U.S. jobs data fueled investor hopes for a potential interest rate cut by the Federal Reserve. The July Nonfarm Payrolls report revealed a gain of only 73,000 jobs, significantly below the 110,000 expected. Compounding the news, prior months' figures were revised downward by over 250,000 jobs. This data, indicating a cooling labor market, has led investors to dramatically increase bets on a September interest rate cut by the Federal Reserve, with the probability jumping to over 80% according to the CME FedWatch Tool. The prospect of lower borrowing costs typically stimulates economic activity and boosts consumer spending on non-essential goods and services, which directly benefits companies in the consumer discretionary space. fuboTV is up 176% since the beginning of the year, but at $3.89 per share, it is still trading 28.8% below its 52-week high of $5.46 from January 2025. Investors who bought $1,000 worth of fuboTV's shares 5 years ago would now be looking at an investment worth $388.50. Here at StockStory, we certainly understand the potential of thematic investing. Diverse winners from Microsoft (MSFT) to Alphabet (GOOG), Coca-Cola (KO) to Monster Beverage (MNST) could all have been identified as promising growth stories with a megatrend driving the growth. So, in that spirit, we've identified a relatively under-the-radar profitable growth stock benefiting from the rise of AI, available to you FREE via this link. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
21 minutes ago
- Yahoo
American Axle Lifts Outlook After Margin Gains
American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) shares are trading higher on Friday. The company reported second-quarter adjusted earnings per share of 21 cents, beating the analyst consensus estimate of 15 cents. Quarterly sales of $1.536 billion (down 5.9% year over year) slightly missed the Street view of $1.537 billion. Sales for the second quarter of 2025 were impacted by lower volume and profit in the quarter under review totaled $200.7 million, down from $217.3 million a year ago. Adjusted EBITDA stood at $202.2 million, down from $208.4 million a year earlier. The adjusted EBITDA margin improved to 13.2% up from 12.8% in the year-ago period. View more earnings on AXL 'AAM posted year-over-year adjusted EBITDA margin growth in the second quarter driven by productivity and cost controls,' said Chief Executive Officer David C. Dauch. 'In addition, we are very excited about our upcoming combination with Dowlais as we passed a critical milestone with the approval from both sets of shareholders,' Dauch added. The company exited the quarter with cash and equivalents worth $586.5 million. Outlook American Axle & Manufacturing Holdings raised its fiscal year 2025 sales guidance from $5.65 billion–$5.95 billion to $5.75 billion–$5.95 billion, compared with the $5.77 billion consensus estimate. The company now expects 2025 adjusted EBITDA of $695 million–$745 million, up from the prior range of $665 million–$745 million. It also forecasts adjusted free cash flow of $175 million–$215 million (versus $165 million–$215 million before), assuming capital expenditures of roughly 5% of sales and mitigation of most incremental tariff costs. Price Action: AXL shares are trading higher by 13.8% to $5.22 at last check Friday. Read Next:Photo via Shutterstock UNLOCKED: 5 NEW TRADES EVERY WEEK. Click now to get top trade ideas daily, plus unlimited access to cutting-edge tools and strategies to gain an edge in the markets. Get the latest stock analysis from Benzinga? AMERICAN AXLE & MFG HLDGS (AXL): Free Stock Analysis Report This article American Axle Lifts Outlook After Margin Gains originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
21 minutes ago
- Yahoo
Why Pinterest's AI Focus And Gen Z Traction Point To Double-Digit Growth
Pinterest (NYSE:PINS) is drawing renewed bullish sentiment from Wall Street after delivering a stronger-than-expected second quarter, marked by accelerating user growth, solid revenue beats, and a bullish third-quarter outlook. However, despite the upbeat results and guidance, the stock is trading lower on Friday. Analysts at Bank of America and Goldman Sachs reiterated Buy ratings while raising or reaffirming their price forecasts, citing Pinterest's growing traction among Gen Z, momentum in AI-driven product enhancements, and expanding advertiser demand. Pinterest posted second-quarter revenue of $998 million, up 17% year over year, surpassing the Street estimate of $976 million. EBITDA reached $251 million, ahead of the $235 million consensus. Global monthly active users climbed to 578 million, increasing by 8 million quarter over quarter, with broad-based growth across regions. Also Read: Pinterest issued third-quarter guidance above expectations, forecasting revenue between $1.033 billion and $1.053 billion and EBITDA in the range of $282 million to $302 million. BofA Securities analyst Justin Post reiterated a Buy rating on Pinterest and raised the price forecast from $41 to $44 following the company's second-quarter 2025 results. Post attributed the platform's success to its rising popularity among Gen Z, now over half its user base, and growing appeal to male users. He also highlighted the effectiveness of AI-powered features that enhance user intent capture and drive shopping engagement. Post raised his 2025E revenue estimate to $4.2 billion and EBITDA to $1.3 billion, while increasing 2026E revenue to $4.9 billion and EBITDA to $1.5 billion, citing accelerating user growth, improved monetization, and continued investment in product and sales infrastructure. His revised $44 price forecast is based on an 18x EV/EBITDA multiple on 2026E, justified by Pinterest's early-stage AI monetization potential and expanding margins. Key risks include U.S. user softness, ad load saturation, AI infrastructure costs, and stock-based compensation pressures. Goldman Sachs analyst Eric Sheridan also maintained a Buy rating with a 12-month price forecast of $43, noting Pinterest's second-quarter beat on revenue and forward-looking strength in digital ad demand. The analyst emphasized Gen Z's growing engagement and the company's continued integration of AI-powered visual and search tools. Sheridan highlighted Performance+ as gaining traction and pointed to margin expansion despite ongoing R&D and ad sales investments. Sheridan based his $43 price forecast on a blend of 4.5x EV/Sales and a modified DCF model using a 28x EV/EBITDA multiple, grounded in long-term projections. He sees Pinterest well-positioned for sustained double-digit revenue growth and margin expansion, driven by deepening engagement, effective monetization strategies, and innovation in AI and shoppable content. Other Analyst Updates Barclays analyst Ross Sandler maintained an Equal-Weight rating and raised the price forecast from $38 to $40. Piper Sandler analyst Thomas Champion maintained a Neutral rating and increased the price forecast from $34 to $35. Price Action: PINS shares were trading lower by 8.51% to $35.84 at last check Friday. Read Next:Image via Shutterstock Latest Ratings for PINS Date Firm Action From To Mar 2022 Benchmark Initiates Coverage On Hold Feb 2022 Credit Suisse Maintains Neutral Feb 2022 UBS Maintains Neutral View More Analyst Ratings for PINS View the Latest Analyst Ratings Up Next: Transform your trading with Benzinga Edge's one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today's competitive market. Get the latest stock analysis from Benzinga? This article Why Pinterest's AI Focus And Gen Z Traction Point To Double-Digit Growth originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
