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New Deal


Announced

Completed

Veritas-backed MiraMed Global Services completed the acquisition of Coronis Health from 424 Capital.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Acquisition

Health Care Services

billing services

Domestic

United States

Completed

Majority

Private

Friendly

Single Bidder

Private Equity

Synopsis

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Veritas-backed MiraMed Global Services, a provider of business process outsourcing solutions, completed the acquisition of Coronis Health, a medical billing service company, from 424 Capital, a private equity firm. Financial terms were not disclosed. “This combination brings together two highly complementary businesses with a shared mission to improve operations for healthcare providers across the US Coronis’ end-to-end RCM solutions paired with MiraMed’s expertise and global infrastructure creates a robust platform for growth in a highly fragmented market. We look forward to leveraging our expertise in healthcare technology to support the combined company and, in partnership with management, deliver innovative technology-based solutions to ensure the continued success of the company’s healthcare provider clients," Ramzi Musallam, Veritas Capital CEO and Managing Partner.

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