Grant Avenue Capital completes sale of Ovation Healthcare to Parkview Health
Ovation Healthcare, a Brentwood, Tennessee provider of shared services to more than 500 hospitals and health systems, was sold to Parkview Health; terms were not disclosed.
Grant Avenue Capital has completed the sale of Ovation Healthcare to Parkview Health, a nonprofit health system based in Fort Wayne, Indiana, the firms said on November 9, 2026. Terms of the transaction were not disclosed.
Ovation Healthcare, formerly known as QHR Health, is headquartered in Brentwood, Tennessee, and serves more than 500 clients across 48 states, from critical access hospitals to large health systems. Grant Avenue acquired the company in May 2021 in a carve-out from Quorum Health Corporation. Ovation provides revenue cycle management, IT services, spend management and management and leadership advisory services. Since 2021, it has completed five add-on acquisitions and launched two service offerings.
Buddy Gumina, founder and managing partner of Grant Avenue, said the firm saw an opportunity in 2021 to build on Ovation's long history of supporting hospitals. Baird served as financial adviser and Goodwin Procter LLP as legal counsel to Ovation.
Deal facts
- Target
- Ovation Healthcare
- Business
- Provider of shared services to community hospitals and health systems, including revenue cycle management, IT services, spend management and leadership advisory
- Buyer
- Parkview Health
- Seller
- Grant Avenue Capital
- Deal type
- Exit
- Headquarters
- Brentwood, Tennessee
- Advisers
- Baird financial adviser to Ovation Healthcare
- Goodwin Procter LLP legal counsel to Ovation Healthcare
- Status
- Completed
- Announced
- Monday, November 9, 2026
Sources
- Business Wire via AOL.comNov 9, 2026
- Business Wire via Yahoo FinanceNov 9, 2026
Written by Buyout Desk from the sources above. Spotted an error? Email corrections@buyoutdesk.com.