Private equity firm New Mountain Capital, LLC has announced an investment in ClaimLogiq. No financial terms were disclosed, but New Mountain Capital is investing alongside ClaimLogiq’s existing investor, Eir Partners.
ClaimLogic is a medical claims and processing company that provides integrated revenue cycle management (RCM) solutions and electronic transaction processing systems, as well as tools for healthcare providers of all sizes, including hospitals and physicians. The company is based in
Mt. Pleasant, South Carolina.
This isn’t New Mountain Capital’s first investment in the digital health market. In 2019, the firm purchased emids, which partners with health technology companies, payers, providers and life science firms to provide digital solutions such as custom application development and testing, data engineering, business intelligence solutions and specialized consulting services to all parts of the healthcare ecosystem.
Back in 2018, the firm purchased Remedy Partners. Based in Norwalk, Connecticut, Remedy Partners’ software and services enable health insurers and healthcare providers to organize and finance health care around patient episodes of care. Its bundled payment network serves Medicare and private insurers and manages more than $9 billion of annual health spending.
With New Mountain Capital’s acquisition of ClaimLogiq, there have been nearly 300 deals in the eHealth market, according to data captured in the LevinPro HC database.
