M&A Deal Summary

New Mountain Capital Acquires Remedy Partners

On December 12, 2018, private equity firm New Mountain Capital acquired information technology company Remedy Partners

Acquisition Highlights
  • This is New Mountain Capital’s 9th transaction in the Information Technology sector.
  • This is New Mountain Capital’s 52nd transaction in the United States.
  • This is New Mountain Capital’s 3rd transaction in Connecticut.
Investment Fate
  • Remedy Partners merged with another company in 2019.

M&A Deal Summary

Date 2018-12-12
Target Remedy Partners
Sector Information Technology
Buyer(s) New Mountain Capital
Deal Type Recapitalization

Target

Remedy Partners

Norwalk, Connecticut, United States
Remedy Partners is a technology, data, analytics, and services provider for the healthcare “bundled payments” sector, with offerings that both reduce healthcare costs and improve patient outcomes. Bundled payments link payments for the multiple services beneficiaries receive during an episode of care, enabling organizations to enter into payment arrangements that include financial and performance accountability for episodes of care. Remedy uses a proprietary database and advanced data and analytics to collaborate with health systems, at-risk providers, and employers in order to improve coordination of post-acute care.

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Buyer(S) 1

Buyer

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 56 of 103
Sector: Information Technology M&A 9 of 18
Type: Recapitalization M&A Deals 5 of 6
State: Connecticut M&A 3 of 4
Country: United States M&A 52 of 98
Year: 2018 M&A 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-29 National HME

Irving, Texas, United States

National HME is a provider of outsourced medical equipment management solutions to the hospice market. National HME delivers medical equipment to hospice caregivers either directly through its full-service locations or through its credentialed network of local providers. The company also provides consolidated ordering and invoicing as well as data on utilization, cost trends, and network management for reporting and analytics. National HME was formed in 2006 and is based in Irving, Texas.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-16 Actylis

Port Washington, New York, United States

Actylis is a marketer, seller and distributor of products for human health (finished dosage form generics and nutraceutical products), pharmaceutical ingredients (pharmaceutical intermediates and active pharmaceutical ingredients), and performance chemicals (specialty chemicals and agricultural protection products). Actylis was formed in 1947 and is based in Port Washington, New York.

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