M&A Deal Summary

New Mountain Capital Acquires Cloudmed

On December 13, 2017, private equity firm New Mountain Capital acquired internet software and services company Cloudmed

Acquisition Highlights
  • This is New Mountain Capital’s 1st transaction in the Internet Software and Services sector.
  • This is New Mountain Capital’s 47th transaction in the United States.
  • This is New Mountain Capital’s 5th transaction in Georgia.

M&A Deal Summary
Date 2017-12-13
Target Cloudmed
Sector Internet Software and Services
Buyer(s) New Mountain Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

Cloudmed

Atlanta, Georgia, United States
Cloudmed is a national provider of technology-enabled revenue integrity and recovery solutions and revenue cycle consulting services for healthcare providers. Cloudmed serves over 1,500 healthcare organizations in the U.S. and helps recover over $150 million of underpaid or unidentified revenue for its clients annually. The company’s services include transfer DRG, revenue recovery, DRG validation, zero balance underpayment recovery, revenue cycle consulting, and interim management services, offering a full revenue integrity “safety net” for all types of healthcare provider organizations.

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Buyer(S) 1

Buyer

New Mountain Capital

New York, New York, United States
Category Private Equity Firm
Founded 2000
PE ASSETS 35.0B 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 2000 and is based in New York City.

DEAL STATS #
Overall 51 of 95
Sector (Internet Software and Services) 1 of 4
Type (Buyout (LBO, MBO, MBI)) 11 of 14
State (Georgia) 5 of 7
Country (United States) 47 of 90
Year (2017) 10 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-07 Signify Health

Dallas, Texas, United States

Signify Health is a provider of in-home, technology-enabled healthcare services, partnering with health plans, pharma, and other risk-bearing organizations on its mission to improve quality of life by providing comprehensive care. Signify Health was founded in 2017 and is based in Dallas, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-09 ACA Group

New York, New York, United States

ACA Group is a provider of risk management and technology solutions that focus on regulatory compliance, performance, financial crime, and cybersecurity. ACA serves a diverse base of leading investment advisers, private fund managers, commodity trading advisors, investment companies, broker-dealers, and banks. ACA Group was founded in 2002 and is based in New York City.

Sell -
Mergr

Product

Company

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