Generational Equity Advises Medstat in Sale to Innoval Global Solutions

By Generational Equity


Generational Equity, a leading mergers and acquisitions advisor for privately held businesses, is pleased to announce the sale of its client, Medstat Accounts Receivable Management, Inc. (Medstat), to Innoval Global Solutions, LLC (Innoval). The acquisition closed December 3, 2019 and details were not disclosed.

Medstat, located in Mesa, Arizona, has more than 25 years’ experience in medical accounts receivable management. The Company is committed to providing the highest quality service to ensure medical professionals can focus on their patients, not their paperwork. Throughout decades of changing laws, regulations, policies and systems, Medstat has consistently remained one of the leading medical billing providers in Arizona.

Innoval, headquartered in Dallas, Texas, provides innovative and scalable Revenue Cycle Management solutions to a wide spectrum of providers in the healthcare industry, including the integration of technology, staff and BPO strategies to improve account liquidity and reduce DSO. Innoval is a holding of Kriya Capital, LLC.

Generational Equity Executive Managing Director of M&A – Western Region, Stephen Crisham’s team, led by Managing Director-Western Region, Lori Galloway, successfully closed the deal. Executive Managing Director Tom Braun established the initial relationship with Medstat.

According to Galloway, “The acquisition of Medstat expands Innoval’s accounts receivable management footprint to include the physician office market. Innoval and Kriya Capital’s related holdings offer auxiliary services that complement Medstat’s back-office support for doctors.”

About Generational

Headquartered in Dallas, Generational is one of the leading M&A advisory firms in North America.

With more than 350 professionals located throughout 17 offices in North America, the companies help business owners release the wealth of their business by providing growth consulting, merger, acquisition, and wealth management services. Their six-step approach features strategic and tactical growth consulting, exit planning education, business valuation, value enhancement strategies, M&A transactional services, and wealth management.

The M&A Advisor named the company Investment Banking Firm of the Year three years in a row, Valuation Firm of the Year in 2020, and North American Investment Bank of the Year in 2022 as well as Consulting Firm of the Year. For more information, visit