MedSynergies has raised $25m after completing the purchase of PhyServe, the management services organization that has served MedicalEdge Healthcare Group’s physicians and their business operations.
Texas Health Resources, provided $10m to MedSynergies after acquiring MedicalEdge at the start of the month and spinning off the PhyServe division.
In a statement, MedSynergies said: "Resulting from the acquisition of PhyServe, a $10m investment was made by Texas Health Resources in MedSynergies, which will go toward basic corporate costs. MedSynergies continues to invest in resources and grow as necessary to support its clients."
MedSynergies already had a joint venture with Texas Health, which will continue with the addition of PhyServe.