Office Ally Partners with New Mountain Capital for Strategic Growth
Deal News | Apr 08, 2025 | Ropes & Gray
New Mountain Capital has announced a strategic growth investment in Office Ally, a healthcare technology company known for its cloud-based clearinghouse and software solutions. This investment is part of a collaborative agreement that includes Francisco Partners, who initially invested in the company in 2021. The transaction, advised by the international law firm Ropes & Gray, aims to enhance Office Ally's capabilities and support its significant annual processing of over 950 million transactions for more than 80,000 healthcare entities. New Mountain Capital, a well-esteemed New York-based investment firm managing around $55 billion across various fund categories, sees this investment as an expansion into the healthcare IT sector. The transaction was publicized in an official release on April 7. The legal advisory team from Ropes & Gray involved an array of expert partners across several disciplines, ensuring robust legal support in private equity, finance, healthcare law, litigation, and more.
Sectors
- Healthcare IT
- Private Equity
Geography
- United States – New Mountain Capital is based in New York, and the transaction involves Office Ally, a U.S. healthcare technology company.
Industry
- Healthcare IT – Office Ally operates within the Healthcare IT sector by providing cloud-based solutions for healthcare providers and health plans.
- Private Equity – New Mountain Capital is a private equity firm involved in this growth investment transaction with Office Ally.
Financials
- $55 billion – Assets under management by New Mountain Capital.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Office Ally | Target Company | Company | A healthcare technology company providing cloud-based solutions. |
| New Mountain Capital | Bidding Company | Company | A New York-based investment firm managing a wide array of funds. |
| Francisco Partners | Reinvestor | Company | An investment firm that originally invested in Office Ally in 2021. |
| Ropes & Gray | Legal Advisor | Company | An international law firm that provided advisory services for the transaction. |