Council Capital has announced its acquisition of MedicalServiceQuotes.com (MSQ).

MSQ, founded in 2009 and based in Castle Rock, Colorado, is a technology platform for payers and employers to procure and manage ancillary services and pharmacy benefits.

Council Capital, founded in 2000 and based in Nashville, Tennessee, focuses on lower middle market healthcare companies. The firm pursues majority and minority investments in companies with enterprise values generally between $10 million and $100 million.

Terms of the acquisition were not disclosed.