Citizens Advises MedSys Group on its Acquisition by CSI Companies

01/28/2025

Citizens Advises MedSys Group on its Acquisition by CSI Companies

PROVIDENCE, RI – Citizens M&A Advisory® announced today that it served as the exclusive financial advisor to MedSys Group, a premier healthcare IT consulting firm, on its acquisition by CSI Companies, a leading provider of staffing, consulting and workforce management services across the healthcare IT industry. This acquisition will enhance CSI’s capabilities in healthcare IT marketing, providing comprehensive solutions to a wider range of clients.

Headquartered in Plano, Texas, MedSys brings extensive expertise in healthcare IT consulting, implementation and support. Together, the combined entity will offer a more robust suite of solutions, including enhanced consulting, expanded implementation services and comprehensive support. These offerings will provide strategic guidance, optimize operations, ensure seamless system integration and improve proactive maintenance and issue resolution.

MedSys Group Chief Executive Officer Alan Kravitz said: “We are incredibly excited to be joining the CSI family. Don and his team were instrumental in identifying the opportunity with CSI and guiding the process that led to a successful outcome. This unification will enable us to offer our clients a broader range of services and resources. We share a common commitment to excellence, innovation and customer satisfaction, making this a natural fit.”

Citizens M&A Advisory Managing Director Don Holbrook said: “This acquisition aligns with CSI Companies' strategic vision to advance healthcare innovation. By merging strengths with MedSys Group, the company will enhance its service delivery for its healthcare IT clients. Our team sees a bright future for the combined entity, and we are excited about the next chapter of growth.”

Citizens M&A Advisory specializes in middle-market mergers and acquisitions. Citizens combines sector intelligence with a client-focused approach to realize our clients' true value. The Citizens team has more than 100 M&A professionals specializing in a range of industries across the United States. Citizens M&A Advisory is part of Citizens JMP Securities, LLC, a subsidiary of Citizens Financial Group (NYSE: CFG).

About Citizens Financial Group, Inc.Citizens Financial Group, Inc. is one of the nation’s oldest and largest financial institutions, with $217.5 billion in assets as of December 31, 2024. Headquartered in Providence, Rhode Island, Citizens offers a broad range of retail and commercial banking products and services to individuals, small businesses, middle-market companies, large corporations and institutions. Citizens helps its customers reach their potential by listening to them and by understanding their needs in order to offer tailored advice, ideas and solutions. In Consumer Banking, Citizens provides an integrated experience that includes mobile and online banking, a full-service customer contact center and the convenience of approximately 3,100 ATMs and approximately 1,000 branches in 14 states and the District of Columbia. Consumer Banking products and services include a full range of banking, lending, savings, wealth management and small business offerings. In Commercial Banking, Citizens offers a broad complement of financial products and solutions, including lending and leasing, deposit and treasury management services, foreign exchange, interest rate and commodity risk management solutions, as well as loan syndication, corporate finance, merger and acquisition, and debt and equity capital markets capabilities. More information is available at www.citizensbank.com or visit us on X (formerly Twitter), LinkedIn or Facebook.

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