Saturday, September 27, 2025

TREND Health Partners Acquires Advent Health Partners

Related stories

Aisles Launches DREAM: AI-Driven Virtual Reality Evolution

Aisles has unveiled DREAM (Dynamic Reality Experience and Memory),...

TechSee Unveils Visual Remote Assistance with AI (VRAi) on Salesforce

TechSee, a global leader in visual customer assistance, announced...

Rendever and Lenovo Collaborate to Bring Virtual Reality Experiences to Carolina Caring Seniors

Rendever, the Boston-based company pioneering the future of aging...

Ansys 2024 R1 Reimagines the User Experience while Expanding Multiphysics Superiority Boosted by AI

The latest release from Ansys, 2024 R1, introduces an elevated user...

eXeX and Neurosurgeon Dr. Robert Masson Achieve World First Using Apple Vision Pro

eXeX™, a leader in artificial intelligence and mixed reality...
spot_imgspot_img

TREND Health Partners a rapidly growing provider of healthcare credit balance management and payment accuracy solutions, announced that it has acquired Advent Health Partners, Inc. This strategic combination solidifies TREND’s position as a leading AI-driven payment accuracy and revenue integrity platform for healthcare payers and providers.

Founded in 2010, Advent’s cross-functional team of clinical experts, software developers and data scientists have collaborated to develop CAVO®, its proprietary technology platform. CAVO® uses artificial intelligence to streamline the review of medical records in revenue cycle and payment integrity processes such as denials management, utilization management, itemized bill reviews and DRG reviews. Like TREND, Advent’s solutions aim to improve reimbursement accuracy and reduce administrative costs while fostering collaboration and transparency between payers and providers.

The addition of Advent’s complementary solution offering and technology capabilities will enable TREND to deliver even greater value to both payer and provider clients by integrating clinical and non-clinical data and analytics into a single platform. The combined company will serve more than 50 health plans and nearly 1,000 hospitals.

Also Read: ClearNote Health Announces Collaboration with Bayer to Investigate Drug Treatment Response by Liquid Biopsy in Prostate Cancer

“Rarely do you come across two companies with such complementary capabilities and aligned visions as what we found with TREND and Advent. CAVO® will help us extend our existing platform, TRENDConnect, to solve an even broader set of challenges for our payer and provider clients. We are very excited to welcome the Advent team into our organization,” said Sarah Armstrong, CEO of TREND.

“We are incredibly proud of what the Advent team has accomplished over the past decade, and of the significant value that we have delivered to our clients. We couldn’t be more excited to partner with the team at TREND and continue building on that legacy,” added Mark Thienel, CEO of Advent.

The acquisition is being supported by a follow-on investment from Lone View Capital, TREND’s first institutional investor, which has backed the company since 2022.

OM Partners, LLC served as exclusive financial advisor and Barnes & Thornburg LLP served as legal counsel to Advent. William Blair & Company served as financial advisor and Holland & Knight LLP served as legal counsel to TREND.

SOURCE: BusinessWire

Subscribe

- Never miss a story with notifications


    Latest stories

    spot_img