Abry Partners has acquired HealthEZ, according to a news release.

HealthEZ, founded in 1982 and based in Minneapolis, is an independent, third-party administrator of employer-sponsored, self-funded medical plans.

Founded in 1989, Abry focuses on lower middle market companies in healthcare and other industries. Based in Boston, the firm pursues a wide range of investments in companies with revenue between $10 million and $50 million and prefers to make more substantial investments from a dollars perspective.

The announcement states that Abry’s investment is intended to help HealthEZ provide more and enhanced services to clients and pursue strategic acquisitions.

Terms of the acquisition were not disclosed.