--- title: Covington Associates Announces Role in Sale of TV One to Nortek, Inc. description: Covington Associates Announces Role in Sale of TV One to Nortek, Inc. image: https://www.covllc.com/hubfs/TVOne_Nortek.jpg --- [![covington-logo-horizontal (1)-1](https://www.covllc.com/hubfs/covington-logo-horizontal%20(1)-1.png)](https://www.covllc.com/) ![](https://f.hubspotusercontent30.net/hubfs/3397234/logo-4.png) ![Covington Associates Announces Advisory Role in the Sale of United Rheumatology to Specialty Networks](https://www.covllc.com/hubfs/UR%20-%20Specialty%20Networks.jpg) RECENT POST Oct 6, 2022 12:52:23 PM |   [Press Release](https://www.covllc.com/blog/tag/press-release) ### Covington Associates Announces Advisory Role in the Sale of United Rheumatology to Specialty Networks [View News](https://www.covllc.com/blog/united-rheumatology-specialty-networks) May 16, 2011 3:55:00 AM |   [Press Release](https://www.covllc.com/blog/tag/press-release) # Covington Associates Announces Role in Sale of TV One to Nortek, Inc. --- **June 10, 2011 (Boston, MA)** – Covington Associates announced it acted as sole financial advisor to Med-Vantage, Inc., a leading payer analytics platform with provider performance management and member engagement solutions for consumer transparency, on its sale to IMS Health Inc., a global provider of information services for the healthcare industry. IMS will integrate its unique healthcare data, analytics, benchmarks and quality measures into Med-Vantage’s proven suite of payer solutions. This combination will enable payers to proactively engage providers and members with objective information and analysis to change behaviors and create more transparent, clinically grounded performance management programs. “Covington Associates’ deep healthcare IT expertise and strong effort resulted in a terrific outcome for Med-Vantage’s shareholders. They kept us focused and on track during a complicated transaction.” said Michael Bodenstab, Vice President of Finance & Strategy of Med-Vantage. **About Med-Vantage** Med-Vantage, Inc. is a leading payer analytics platform. The Company offers its clients a comprehensive suite of provider performance management and member engagement solutions that promote high-quality care and address the complexities of new reimbursement and care delivery models. Founded in San Francisco in 2001, Med-Vantage was formed and majority owned by BP Informatics, a consortium of Blue Cross and Blue Shield licensees. Med-Vantage solutions are used by health plans managing more than 30 million lives. To learn more about Med-Vantage, visit [www.medvantage.com](http://www.medvantage.com/). **About IMS Health** IMS Health is the leading provider of information services for the healthcare industry around the world. The company draws on its global technology infrastructure and unique combination of in-depth, sophisticated analytics, on-shore and off-shore commercial services, and consulting platforms to help clients better understand the performance and value of medicines. With a presence in 100+ countries and more than 55 years of industry experience, IMS serves leading decision makers in healthcare, including pharmaceutical manufacturers and distributors, providers, payers, government agencies, policymakers, researchers and the financial community. To learn more about IMS Health, visit [www.imshealth.com](http://www.imshealth.com/). **About Covington Associates LLC** Covington Associates is a specialty investment banking firm founded in 1991 serving business service, consumer, industrial, healthcare, and technology companies throughout the country. Focused on mergers and acquisitions, debt and equity capital raising, debt and equity restructuring, and strategic advisory assignments for middle market companies, Covington Associates has completed transactions ranging in value from $10 million to nearly $2 billion for both private and publicly traded companies. ![](https://www.covllc.com/hubfs/TVOne_Nortek.jpg) TVONE ACQUIRED BY NORTEK ##### Covington Associates Announces Role in Sale of TV One to Nortek, Inc. [Next](https://www.covllc.com/blog/covington-associates-announces-role-in-sale-of-tv-one-to-nortek-inc) ## Get updates on news, events, and opportunities. #### Quick Links #### Our Transactions #### Get in touch ** ** 99 Summer Street, Suite 200 Boston, Massachusetts 02110 617-314-3950 [![footer-linkedin](https://www.covllc.com/hubfs/footer-linkedin.png) ](https://www.linkedin.com/company/covington-associates) Broker Dealer Services Provided Through Covington Associates, LLC. Member FINRA/SIPC. ![](https://www.covllc.com/hubfs/footer-logo%20(1).png) © 2026 Covington Associates All Rights Reserved.