M&A Deal Summary

MRO Acquires Q-Centrix

On June 12, 2025, MRO acquired information technology company Q-Centrix from TPG

Acquisition Highlights
  • This is MRO’s 4th transaction in the Information Technology sector.
  • This is MRO’s 7th transaction in the United States.
  • This is MRO’s 3rd transaction in Illinois.

M&A Deal Summary

Date 2025-06-12
Target Q-Centrix
Sector Information Technology
Buyer(s) MRO
Sellers(s) TPG
Deal Type Add-on Acquisition

Target

Q-Centrix

Chicago, Illinois, United States
Q-Centrix is a provider of outsourced quality data management solutions for hospitals and healthcare providers. Q-Centrix was founded in 2011 and is based in Chicago, Illinois.

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Buyer(S) 1

Buyer

MRO

Norristown, Pennsylvania, United States

Category Company
Founded 2002
Sector Information Services
DESCRIPTION

MRO is a provider of release of information (ROI) solutions. In addition to ROI, MRO’s suite of PHI disclosure management solutions is comprised of government and commercial payer audit management and accounting of disclosures services and technologies. MRO’s technology-driven services reduce the risk of improper disclosure of PHI, ensure unmatched accuracy and enhance turnaround times. MRO was founded in 2002 and is based in Norristown, Pennsylvania.


DEAL STATS #
Overall 7 of 8
Sector: Information Technology M&A 4 of 4
Type: Add-on Acquisition M&A Deals 7 of 8
State: Illinois M&A 3 of 3
Country: United States M&A 7 of 8
Year: 2025 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-22 MediCopy

Nashville, Tennessee, United States

MediCopy is a provider of release of information solutions to physician practices and outpatient providers. MediCopy was founded in 2000 and is based in Nashville, Tennessee.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-11-18 Clinetic

Durham, North Carolina, United States

Clinetic is a health software company that offers enterprise applications to healthcare providers and life sciences firms, designed to leverage electronic health record (EHR) data to identify and enrol patients in clinical trials. Clinetic was founded in 2017 and is based in Durham, North Carolina.

Buy -

Seller(S) 1

SELLER

TPG

Fort Worth, Texas, United States

Investor Investor Investor Investor


Category Private Equity Firm
Founded 1992
PE ASSETS 296.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

TPG Capital is a global, mega-sized private investment firm that manages a family of funds focused on private equity, real estate, venture capital, public equity and debt investing. TPG invests in opportunities across a broad range of industries and geographies. TPG generally seeks to invest in established businesses that can benefit from the Firm's operational experience and connections. Industries of interest include consumer, retail, healthcare, industrials, digital media, natural resources, energy, real estate, technology, and software. TPG was formerly known as Texas Pacific Group and was originally established in 1992 by David Bonderman, James Coulter and William Price. The Firm is based in Forth Worth, Texas with additional offices in Europe, Asia, and Australia.


DEAL STATS #
Overall 274 of 277
Sector: Information Technology M&A 10 of 11
Type: Add-on Acquisition M&A Deals 96 of 96
State: Illinois M&A 7 of 7
Country: United States M&A 197 of 199
Year: 2025 M&A 4 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-05-06 AvidXchange

Charlotte, North Carolina, United States

AvidXchange is a SaaS-based provider of accounts payable management solutions for mid-sized companies in the real estate, banking, and healthcare industries. The company's product suite integrates with a customer's existing accounting systems to centralize and streamline accounts payable workflow. AvidXchange was formed in 2000 and is based in Charlotte, North Carolina.

Buy $2.2B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-08-01 Philz Coffee

Oakland, California, United States

Philz Coffee operates coffee shops across the Bay Area, Southern California, and Washington, D.C. The company specializes in custom blends and handcrafted drip coffee. Philz Coffee was founded in 2003 and is based in Oakland, California.

Sell $145M