M&A Deal Summary

Machinify Acquires Rawlings

On January 10, 2025, Machinify acquired information technology company Rawlings from New Mountain Capital

Acquisition Highlights
  • This is Machinify’s 1st transaction in the Information Technology sector.
  • This is Machinify’s 1st transaction in the United States.
  • This is Machinify’s 1st transaction in Kentucky.

M&A Deal Summary

Date 2025-01-10
Target Rawlings
Sector Information Technology
Buyer(s) Machinify
Sellers(s) New Mountain Capital
Deal Type Merger

Target

Rawlings

La Grange, Kentucky, United States
Rawlings is a technology-enabled coverage analytics provider that delivers savings for its health insurance clients by identifying liable third parties responsible for paying medical claims across its subrogation, coordination of benefits, and drug claim payment integrity offerings. Rawlings was formed in 1977 and is based in La Grange, Kentucky.

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Buyer(S) 1

Buyer

Machinify

Palo Alto, California, United States

Category Company
Founded 2016
Sector Software
DESCRIPTION

Machinify provides artificial intelligence (AI)-powered software transforming healthcare payments. Machinify was founded in 2016 and is based in Palo Alto, California.


DEAL STATS #
Overall 1 of 2
Sector: Information Technology M&A 1 of 1
Type: Merger M&A Deals 1 of 1
State: Kentucky M&A 1 of 1
Country: United States M&A 1 of 2
Year: 2025 M&A 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-08-01 Performant Healthcare

Plantation, Florida, United States

Performant Healthcare is a provider of business recovery solutions for government obligations in student loans, taxes, non-tax federal debts, and healthcare. Performant Healthcare was founded in 1976 and is based in Plantation, Florida.

Buy $670M

Seller(S) 1

SELLER

New Mountain Capital

New York, New York, United States

Category Private Equity Firm
Founded 1999
PE ASSETS 55.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

New Mountain Capital is a private investment firm focused on investment in public and private companies in a variety of industries. New Mountain generally invests $100 to $500 million per transaction and looks for businesses with strong market positions and high barriers to entry. New Mountain also prefers businesses that succeed in both good and bad economies. Sectors of interest include education, healthcare, business services, federal IT services, media, software, consumer products, logistics, financial services and technologies, and energy. New Mountain Capital was formed in 1999 and is based in New York, New York.


DEAL STATS #
Overall 50 of 53
Sector: Information Technology M&A 11 of 11
Type: Merger M&A Deals 7 of 7
State: Kentucky M&A 1 of 1
Country: United States M&A 47 of 50
Year: 2025 M&A 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-01-10 Machinify

Palo Alto, California, United States

Machinify provides artificial intelligence (AI)-powered software transforming healthcare payments. Machinify was founded in 2016 and is based in Palo Alto, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-01-14 Union Healthcare Insight

Washington, District of Columbia, United States

Union Healthcare Insight is an independent healthcare research insights and information platform that leverages a cross-sector, client-centric approach along with information and analysis to deliver objective, counterintuitive insights across the healthcare landscape. The Company supports healthcare executives and their teams by delivering essential, unbiased strategic insights about the healthcare industry, which then drive organizational momentum, effective leadership, and strategic decision-making. Union Healthcare Insight is based in Washington DC.

Buy -