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New Deal


Announced

Completed

New Mountain Capital completed the acquisition of Apixio from Centene.

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

Domestic

Private

Single Bidder

Software

United States

technology solutions

artificial intelligence analytics

Friendly

Majority

Private Equity

Completed

Synopsis

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New Mountain Capital, an investment firm, completed the acquisition of Apixio, an artificial intelligence platform, from Centene, a healthcare enterprise. Financial terms were not disclosed. “We view the merger of Apixio and ClaimLogiq as creating a truly differentiated player in the healthcare technology industry. We intend to continue investing in the combined company’s existing artificial intelligence capabilities while also launching new products with the aim of building the leading ‘connected care’ platform in the marketplace, enabling health plans’ and provider groups’ transition to value-based care," Matt Holt, New Mountain Capital Managing Director and President.

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