Covington Associates

Covington Associates Announces Role in the Recapitalization of Med Tech Solutions by Sunstone Partners

BOSTON, MA, July 6th, 2020 – Covington Associates, a middle-market investment banking firm, announced its role in advising Med Tech Solutions (“MTS”), a leading national healthcare information technology company that offers enterprise-level technology services, private and public cloud services, security and compliance services, application support services, and 24/7 end user support, in its recapitalization with Sunstone Partners, a growth equity investment firm focused on tech enabled services and software companies.


“Sunstone Partners’ track record and commitment of accelerating growth and innovation at technology companies made them the partner of choice for MTS. This partnership will enable us to truly realize the vision I had for MTS,” said James Deck, Founder and Board Member at MTS.

“We see tremendous value in the solutions delivered by MTS and are thrilled to be working with the MTS team in their next phase of growth,” said Arneek Multani, Managing Director at Sunstone Partners. “As technology adoption continues to drive transformational change across the healthcare system, MTS is positioned to leverage its deep expertise in support of healthcare constituents across the industry.”

Tim McMahon, Managing Director at Covington Associates, said, “James has built a terrific customer centric, managed services platform.  Sunstone’s investment will help accelerate MTS’ growth, expand service offerings and further enhance service delivery, and continue to drive its mission to deliver innovative technology solutions that empower clients to focus on delivery of exceptional patient care.”

James Deck, Founder of MTS, commented, “Covington’s knowledge and transaction experience was critical in helping MTS achieve a successful closing. Their guidance allowed us to navigate the inevitable challenges that arise in a deal process and their team was always available to address our concerns. I would highly recommend Covington to others considering a potential transaction process.”

About Covington Associates

Covington Associates is an investment banking firm offering M&A advisory services to middle-market companies across the Healthcare, Business Services, and Technology verticals.  Covington’s mission has remained unchanged since its founding in 1991 – provide clients with the highest caliber of senior-level attention and to remain an advice driven and results focused organization.  Since its inception, Covington Associates has completed more than 300 transactions globally for both private and publicly traded companies totaling over $17 billion. Further information about Covington Associates can be found at http://www.covingtonassociates.com/overview.

About Med Tech Solutions

Med Tech Solutions (MTS) is an all-encompassing HITRUST certified Healthcare IT solution provider that serves medical, dental and community health center organizations. MTS offers healthcare Cloud computing services, Managed HIT and security services, and 24×7 end-user and clinical application support, and provides solutions designed to help streamline and optimize business and clinical operations for healthcare organizations. For more information, visit www.medtechsolutions.com/

About Sunstone Partners

Sunstone Partners is a growth-oriented equity firm that makes majority and minority investments in technology-enabled services and software businesses. The firm seeks to partner with exceptional management teams, often as their first institutional capital partner, to help accelerate organic growth and fund acquisitions. Founded in 2015, the firm has $800 million of committed capital to its first two funds. For more information, visit www.sunstonepartners.com

Get updates on news, events, and opportunities.