Sunstone Partners Announces Investment in Med Tech Solutions to Power Next Phase of Growth; Appoints Mona Abutaleb as CEO
SAN MATEO, Calif.–(BUSINESS WIRE)–Sunstone Partners, a growth equity investment firm focused on tech enabled services and software companies, has invested in Med Tech Solutions (“MTS”), a leading national healthcare information technology company that offers enterprise-level technology services, private and public cloud services, security and compliance services, application support services, and 7×24 end user support. Sunstone’s investment will empower MTS with significant resources to continue to accelerate growth, expand service offerings and further enhance service delivery, and will drive forward MTS’ mission to deliver innovative technology solutions that empower clients to focus on delivery of exceptional patient care.
Sunstone Partners also announced the appointment of Mona Abutaleb as CEO of MTS. Mona has a proven track record in enhancing growth in technology companies. Most recently, Mona was CEO of mindSHIFT Technologies, a managed IT and cloud services provider. After guiding mindSHIFT through its acquisition by Ricoh, she also served as the Executive Vice President (EVP) and General Manager (GM) of Ricoh Global Services.
James Deck, Founder of MTS will remain as an active board member of MTS and will assist the company on strategic initiatives.
“We see tremendous value in the solutions delivered by MTS and are thrilled to be working with the MTS team in their next phase of growth,” said Arneek Multani, Managing Director at Sunstone Partners. “As technology adoption continues to drive transformational change across the healthcare system, MTS is positioned to leverage its deep expertise in support of healthcare constituents across the industry.”
Mona Abutaleb, CEO of MTS, said, “James has built a terrific customer centric business and has been instrumental in helping the company achieve its current success. I strongly believe in MTS’ mission of transforming Healthcare IT. I am excited to be working with the Sunstone team to continue to build a high growth company that provides outstanding technology solutions and services in healthcare, with an unmatched focus on this critical customer community.”
“Sunstone Partners’ track record and commitment of accelerating growth and innovation at technology companies made them the partner of choice for MTS. This partnership will enable us to truly realize the vision I had for MTS,” said James Deck, Founder and Board Member at MTS. “After many years as a Founder and CEO of MTS, I am excited to hand off the reigns to Mona and transition to a board member role. Mona is a proven, strategic, growth-oriented technology leader and the right leader to take MTS forward.”
About Med Tech Solutions
Med Tech Solutions (MTS) is an all-encompassing HITRUST certified Healthcare IT solution provider that serves medical, dental and community health center organizations. MTS offers healthcare Cloud computing services, Managed HIT and security services, and 24×7 end-user and clinical application support, and provides solutions designed to help streamline and optimize business and clinical operations for healthcare organizations. For more information, visit www.medtechsolutions.com
About Sunstone Partners
Sunstone Partners is a growth-oriented equity firm that makes majority and minority investments in technology-enabled services and software businesses. The firm seeks to partner with exceptional management teams, often as their first institutional capital partner, to help accelerate organic growth and fund acquisitions. Founded in 2015, the firm has $800 million of committed capital to its first two funds. For more information, visit www.sunstonepartners.com
Contacts
Prachi Kanabar
pr@sunstonepartners.com
650-289-4400