Brentwood Associates recapitalizes patient engagement platform MedBridge

Brentwood Associates Inc. recapitalized MedBridge Inc., a software-as-a-service platform providing patient engagement and clinical education solutions for healthcare professionals.

The middle-market private equity firm, which invests in consumer and technology-enabled business services companies, aims to make significant investments to support MedBridge's organic growth, future acquisition opportunities and expansion into additional healthcare settings.

LLR Partners Inc., a lower-middle-market investor targeting technology and healthcare businesses, as well as the company's senior management, will retain significant minority ownership stakes in the business.

Aeris Partners was an adviser to MedBridge in the transaction, and DC Advisory advised Brentwood. DLA Piper and Morgan Lewis were legal advisers to Brentwood and MedBridge, respectively.