The health tech M&A wave continues just one week into 2025. Private equity firm New Mountain Capital plans to acquire Machinify, a software platform streamlining healthcare payments with artificial intelligence, following its merger of The Rawlings Group, Apixio’s Payment Integrity business and Varis last fall. New Mountain Capital will combine Machinify with those three health tech companies and the new organization will take on Machinify as its name, the company announced exclusively to Fierce Healthcare Friday morning. A source with knowledge of the deal said that the newly combined company is valued at $5 billion.
Read the full article: New Mountain Capital to Acquire AI Company Machinify to Form $5B Medical Payments Powerhouse //
Source: https://www.fiercehealthcare.com/health-tech/new-mountain-capital-acquire-ai-company-machinify-form-5b-medical-payments-powerhouse