Medallion acquires Andros

● STRATEGIC | HEALTHCARE · Provider EHR & Practice Management

SEPTEMBER 16, 2026

Medallion acquires Andros

TARGET

NCQA-certified credentials verification and provider network lifecycle platform covering recruitment, credentialing, network development, and monitoring for health plans and provider organizations.

Ownership	VC-backed · Questa Capital, Bowery Capital, Blueprint Health, Windham Venture Partners, Primary Venture Partners
Capital raised	$47.9M
Headcount	108 FTEs
Headquarters	New York, New York
Leadership	Jake Hirschfeld, VP of Sales Jeff Fritz, CEO
Sell-side advisor	Bailey & Company

ACQUIRER

Medallion

AI-powered provider network infrastructure platform automating credentialing, enrollment, onboarding, and compliance for healthcare organizations and health plans

Ownership	VC-backed · Acrew Capital, Sequoia Capital, GV, Spark Capital, Washington Harbour Partners, NFDG +1 more
Capital raised	$130M
Headcount	571 FTEs
Headquarters	San Francisco, California
Leadership	Derek Lo, founder and CEO
Buy-side advisor	—

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Medallion -> Andros  (2026-09-18)
strategic_acquisition | Healthcare | announced
Target: NCQA-certified credentials verification and provider network lifecycle platform covering recruitment, credentialing, network development, and monitoring for health plans and provider organizations.
Website: andros.co | Buyer site: medallion.co
HQ: New York, New York | Ownership: vc-backed | Buyer ownership: vc-backed
Advisors - Sell-side: Bailey & Company
Source: Thematic - https://thematichq.com/software/d/medallion-andros.html

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