Announced

Mubadala Investment Company, Norwest and HarbourVest to acquire a minority stake in Zelis from Parthenon and Bain Capital.

Synopsis

Private equity firms Mubadala Investment Company, Norwest and HarbourVest, agreed to acquire a minority stake in Zelis, a provider of healthcare technology solutions, from private equity firms Parthenon and Bain Capital. Financial terms were not disclosed. “Zelis is solving complex challenges in healthcare in a unique way. Our level of visibility and expertise in removing friction from the healthcare financial system delivers value, efficiency, and transparency at a scale that very few companies can do. We have solidified our place as a market leader and continue to make a growing impact on the healthcare financial system in the United States. I look forward to working with Mubadala and other new investors and having their support as we pursue our mission," Amanda Eisel, Zelis CEO.

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