PRINT THIS PAGE US Crescent Capital completes $280m exit from healthcare investment23/10/2003. Source: AltAssets. 
 US Crescent Capital has completed a $280m exit from its investment in Medifax-EDI. The private equity firm has sold the business to WebMD following a spin-off of Medifax's pharmacy services division.
‘We are proud of our association with Medifax and its management team,' said Crescent Capital executive director Charlie Ogburn. ‘In addition, we are pleased to achieve a profitable exit transaction for our investors, particularly in the difficult private equity environment of the last two years.'
‘Crescent Capital was founded in 1997 and has invested over $600m in 11 transactions with an aggregate enterprise value of over $1bn. Other companies in Crescent's portfolio include Cirrus Industries, Caribou Coffee Company, Smart Document Solutions and DVT Corporation.
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