Council Capital announced the acquisition of MedicalServiceQuotes.com, a platform-as-a-service provider that helps payers and employers manage ancillary services and pharmacy benefits through data-driven analytics.
The acquisition strengthens Council Capital’s portfolio in healthcare technology and services, with a focus on improving efficiency, transparency, and cost management in claims and care delivery. The deal was supported by PMPK, which provided both financial and advisory backing.
MedicalServiceQuotes.com is a centralized platform for workers’ compensation and auto no-fault insurers, helping you manage vendors, handle billing, and generate reports. Clients can manage preferred provider networks, access competitive pricing through real-time bidding, and use granular data insights to make more informed decisions.
The platform’s capabilities aim to reduce costs while improving access to high-quality care, particularly for injured workers. Council Capital plans to expand MSQ’s offerings and scale its cost-containment solutions by leveraging operational support and industry expertise.
Kent Morgan will continue to lead the company as CEO, overseeing ongoing innovation and growth from its headquarters in Castle Rock, Colorado.
This transaction demonstrates continued investment in technology-enabled healthcare solutions that address inefficiencies in procurement and benefits management, particularly in complex segments such as workers’ compensation.
KEY QUOTES:
“Leveraging technology to power efficient, transparent, high-quality care for injured workers is how we transform healthcare. We support the vision of MSQ and look forward to expanding its industry-leading cost containment solutions through the high-touch support Council Capital offers our portfolio companies.”
Grant Jackson, Managing Partner, Council Capital
“MSQ’s mission is to empower clients by leveraging technology to provide pharmacy benefit management and ancillary healthcare services from the highest quality providers in one convenient platform. We’re excited to build on this momentum and continue delivering industry-leading innovation.”
Kent Morgan, Founder And Chief Executive Officer, MedicalServiceQuotes.com
