New Mountain Merger to Create $3B Medical Payments Firm

A $3 billion merger of three closely held health technology firms aims to use artificial intelligence to help health plans police their payments to doctors and hospitals. New Mountain Capital LLC is forming the new company by combining three in its portfolio: the Rawlings Group, the payment-integrity business of Apixio, and a recently acquired firm called Varis. The deal values the combination at more than $3 billion, according to people familiar with the matter who asked not to be named discussing private information.

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Source: https://finance.yahoo.com/news/mountain-merger-create-3-billion-120000696.html

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