New York private equity firm New Mountain Capital LLC has acquired health information management software and services firm HealthPort.
Terms of the all-cash deal were not disclosed. Alpharetta, Ga.-based HealthPort is a veteran HIM vendor, specializing in release of information and audit management services. The company processes more than 20 million medical records requests annually and serves more than 15,000 providers and payers, including one-third of hospitals.
The acquisition, expected to close in the fourth quarter, will give HealthPort additional resources to reach growth and strategic objectives, says CEO Mike Labedz.
New Mountains present and past holdings in healthcare and life sciences include National Medical Card Systems, Connextions, Western Dental, Medical Specialties Distributors, Bellerophan Therapeutics, Surgis, Ikaria, Avantor Performance Materials, NuSil Technology and ABB Optical Group.
Last year, HealthPort acquired CM Information Specialists of Fridley, Minn., adding market share in Minnesota, South Dakota and Wisconsin.
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