What You Should Know:
– FFL Partners (“FFL”), a private equity firm focused on growth investments in tech-enabled business services and healthcare companies, today announced the completion of the merger of its portfolio companies Abacus Group and Medicus IT. This strategic combination launches a new multi-vertical IT Managed Services Provider (“MSP”) exclusively focused on the financial services and healthcare industries. Financial terms of the merger were not disclosed.
– The merger brings together Abacus Group, recognized as a leading financial services-focused MSP, and Medicus IT, a leading healthcare-focused MSP. This move aims to create a powerhouse in IT managed services, specifically tailored for sectors where compliance and cybersecurity are paramount.
Enhanced Capabilities and Client Benefits
The driving force behind this merger is the significant demand from both prospective clients and investors for IT MSPs that possess deep vertical expertise, particularly in industries with stringent compliance and cybersecurity requirements.
The newly combined business will be led by Anthony J. D’Ambrosi, CEO of Abacus. He emphasized the expanded capabilities: “The combination of Abacus and Medicus enables us to further scale our global suite of managed services across IT operations, multi-cloud, cybersecurity, devops, tech-enablement and AI capabilities to better serve our clients.” D’Ambrosi expressed excitement about partnering with Medicus’ talented team, acknowledging their deep healthcare IT industry expertise and compliance-oriented mindset.
For Medicus IT clients, this merger is set to unlock meaningful growth opportunities and expand the depth and breadth of technology, data, and cybersecurity service offerings.
“As the healthcare compliance and cybersecurity environment grows more complex, we are uniquely positioned to empower our clients to thrive, protect their organizations, and lead with confidence in the face of change,” stated Chris Jann, Founder and CEO of Medicus IT.
