Medas Group

A fund advised by NORD Holding acquires a stake in Medas Group, a leading specialist for private medical billing in Germany. Together with management, NORD Holding pursues the further development of a scalable revenue cycle management ("RCM") platform for the healthcare sector with a nationwide presence. The objective is the consistent expansion of the service offering for physicians, therapists and medical care centers as well as the extension into new customer segments through an active buy-and-build strategy.

Founded in 1980, Medas has developed into the leading specialist for private medical billing in Germany over more than 45 years. Nationwide, the group, including its subsidiary Arco VerrechnungsSysteme GmbH, today serves more than 2,000 practices and facilities. With its comprehensive service portfolio comprising GOÄ consulting, billing review and preparation, factoring and claims management, Medas enables physicians and medical staff to focus on patient care. Medas stands out through highest service quality, deep expertise in the most complex billing cases and speed based on efficient and digitalized processes.

The market for RCM in the healthcare sector is growing structurally and remains highly fragmented. Medas offers service providers the central answer to keychallenges: the increasing shortage of skilled professionals in practices, the growing demand for digitalization and AI-supported processes as well as security in handling regulatory changes to billing catalogues.

"With Medas, we are adding an established market leader in a regulatory demanding but highly attractive niche market to our healthcare portfolio. The combination of a customer base grown over decades, deep GOÄ expertise and a clear digitalization path fits exactly our investment philosophy. We look forward to the collaboration," says André Seidel, Partner at NORD Holding.

"Medas has convinced us through the successful combination of consulting expertise, highly automated processes and strong customer retention. The market for complex medical billing is growing structurally and remains highly fragmented, ideal conditions for an active buy-and-build strategy," adds David Wössner, Principal at NORD Holding.

Valerie Zylka, Managing Director of Medas, comments: "In recent years, we have laid the foundation for a new growth phase through consistent investments in our digital infrastructure and the first add-on acquisition to the group. With NORD Holding as a partner, we now want to continue this journey and significantly expand our service offering, both organically and inorganically, in the interest of our customers."

The transaction was led in the first half of 2026 by the NORD Holding Healthcare Team and underlines the deep sector expertise in the healthcare space. NORD Holding acquired Medas Group from Liberta Partners. On the side of NORD Holding, the transaction was accompanied by André Seidel, David Wössner, Tim Haase and Moritz Hagenmeyer. Closing of the transaction is subject to regulatory approval.

About Medas-Group

The Medas Group has been specializing in private medical billing for over 45 years and serves more than 2,000 practices and facilities nationwide. It operates through its entities Medas Factoring GmbH and Arco VerrechnungsSysteme GmbH and combines high professional quality and sound GOÄ expertise with service-oriented support, dedicated points of contact and a comprehensive digital service offering.

 For further information please visit: www.medas.de

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