Madison Street Capital

Madison Street Capital acted as the exclusive financial advisor to NAVEOS® in arranging recapitalization and growth capital with Tamroc Partners. NAVEOS® is a leading national healthcare data analytics firm that specializes in maximizing past, present, and future revenues for its healthcare clients.

“We are extremely pleased with the team at Madison Street Capital,” said Robert Gricius Chairman, Founder & CEO of NAVEOS®. “I worked closely with MSC over the past year and I am extremely impressed with the process and the various private equity and family offices to which we had a chance to tell our story. We are excited to work with Tamroc Partners to support our significant growth opportunities.”

“I was impressed by the dedication and professionalism of the MSC team during this process,” said Ron Evans, President. “First off, they have a vast network of potential buyers that know them and have grown to respect the quality of the firms they represent. They were able to use their expertise within the healthcare industry to position us quite well. They were also able to articulate our value proposition to their network because they took the time to carefully evaluate our business and understand what makes us unique. Once we selected a potential investor, MSC stayed in front of the due diligence process and worked tirelessly to get the deal over the goal line. We could not have chosen a better firm to work with.”

Client Description

NAVEOS® is a national healthcare data analytics firm headquartered in Virginia specializing in maximizing past, present and future revenues for our healthcare clients. The NAVEOS® process for acquiring and managing Medicaid eligibility data is the most robust in the industry. The cornerstone of this process is the Comprehensive Online Member Population Analysis Software System (COMPASSTM). The COMPASSTM system completely integrates validated results with full audit trails and support documentation including clinical, demographic, eligibility, benefit and payer data from over 50 Federal, State, and 3rd party databases. The NAVEOS® patented software and product lines deliver turn-key, fully auditable solutions for all of its service offerings. Quality Assurance in data integrity and a strong focus on internal and external audit functionality in the corporate culture and deliverable packages completes its corporate differentiation characteristics and provides the credibility required to assist clientele in maximizing past and future income from key programs.

Counterparty Description

Tamroc Partners is devoted to acquiring and operating small to medium-sized businesses in the continental United States. Tamroc operates its businesses with the highest standards and the firm prides itself in sustaining a solid reputation and impactful track record. Through strong operational improvements and top-line growth, Tamroc strives to create value for its businesses, customers, employees, and the communities in which it operates. Tamroc’s commitment to job generation and the improvement of social amenities is a direct extension of the founders’ personal beliefs. The principals of Tamroc trust that a strong culture is key to any businesses’ success. A healthy work environment allows companies to pursue their goals with passion and excellence and therefore, create a positive contribution to the entire value chain.