Matt Holt, former managing director and president of private equity at New Mountain Capital, left the firm last week to spearhead an estimated $30 billion acquisition of five of its portfolio companies, sources familiar with the matter said. Holt is in the process of establishing a new company, Thoreau, focused on health‑care technology and which would employ artificial intelligence to lower medical costs, said the sources, who declined to be identified as the matter is private. For this effort, Holt is targeting New Mountain assets Datavant, Swoop, Machinify, Smarter Technologies, and Office Ally, the sources said.
Read the full article: Holt Leaves New Mountain, Leads $30B Takeover of Its Assets, Sources Say //
Source: https://ca.finance.yahoo.com/news/holt-leaves-mountain-leads-30-040641110.html