Access Healthcare Gains New Mountain Capital Growth Investment

Deal News | Jan 16, 2025 | Ropes & Gray

Ropes & Gray has represented New Mountain Capital in its strategic growth investment in Access Healthcare, a technology-enabled revenue cycle management platform serving the healthcare industry. The transaction aims to leverage New Mountain Capital's focus on business building and long-term growth. Established in New York, New Mountain Capital manages substantial assets across various sectors, emphasizing minimal risk while fostering growth. The advisory team from Ropes & Gray included a comprehensive group of partners from private equity, tax, healthcare, executive compensation, IP transactions, and more. This investment underscores New Mountain Capital's strategy to enhance its healthcare portfolio by infusing capital into companies with proven operational models and growth potential. This move aligns with the fund's approach to managing nearly $55 billion in assets by pursuing capital appreciation through stable and sustainable business practices.

Sectors

  • Private Equity
  • Healthcare Technology
  • Legal Services

Geography

  • United States – New Mountain Capital is based in New York, USA, and Access Healthcare operates within the healthcare domain in the country.

Industry

  • Private Equity – New Mountain Capital is a private equity firm making growth investments, particularly highlighted in this article.
  • Healthcare Technology – Access Healthcare operates as a technology-enabled platform for revenue cycle management in healthcare.
  • Legal Services – Ropes & Gray provided legal advisory services for the transaction, indicating the involvement of the legal industry.

Financials

  • Nearly $55 billion – Assets under management by New Mountain Capital.

Participants

NameRoleTypeDescription
New Mountain CapitalInvestorCompanyA New York-based investment firm emphasizing business building and growth.
Access HealthcareTarget CompanyCompanyA technology-enabled platform for revenue cycle management in the healthcare industry.
Ropes & GrayLegal AdvisorCompanyA law firm that provided advisory services to New Mountain Capital for the investment.
Garrett CharonPrivate Equity PartnerPerson
Todd B. KornreichPrivate Equity PartnerPerson
Dan OatesPrivate Equity PartnerPerson
Adam GreenwoodTax PartnerPerson
Alyssa KollmeyerTax PartnerPerson
Jennifer RomigHealthcare PartnerPerson
Danna KivellExecutive Compensation & Employee Benefits PartnerPerson
Stephanie BruceEmployment PartnerPerson
Jordan AltmanIP Transactions PartnerPerson
Jonathan KlarfeldLitigation & Enforcement PartnerPerson
Fran FairclothData, Privacy & Cybersecurity PartnerPerson
Michael LittenbergESG PartnerPerson