Sverica Capital Management has announced the sale of RMS Healthcare Management d.b.a. Med First.
Med First, founded in 2007 and based in Raleigh, North Carolina, is an independent provider of primary care services in North Carolina.
Sverica, founded in 1993 and with offices in Boston, San Francisco and Austin, Texas, pursues investments in the lower middle market. The firm invests in healthcare services and a few other sectors, targeting companies with under $250 million in total enterprise value. Within healthcare, Sverica pursues healthcare services, health IT, managed care and life sciences services companies.
Terms of the transaction were not disclosed.
