New Mountain Capital completed an investment in SmarterDx at a $1.25bn valuation.

New Mountain Capital, a growth-oriented investment firm, completed an investment in SmarterDx, a provider of clinical AI for revenue integrity and care quality, at a $1.25bn valuation. This investment will support SmarterDx’s next phase of growth and product innovation, focused on creating value for health systems and enabling them to deliver the best care for patients.