Meridian Medical Management, a portfolio company of The Gores Group, has closed its buy of Origin Healthcare Solutions. No financial terms were disclosed. Origin is a provider of revenue cycle management and analytics solutions.
LOS ANGELES–(BUSINESS WIRE)–The Gores Group, a leading Los Angeles‐based investment firm, announced that its portfolio company, Meridian Medical Management, has completed the acquisition of Origin Healthcare Solutions. Terms of the transaction, which was led by The Gores Small Capitalization Partners, were not disclosed.
Origin, a provider of revenue cycle management (RCM) and analytics solutions, augments Meridian’s own solutions with a broader range of supported technology platforms and added depth around business intelligence and analytics for healthcare providers. The combination of Meridian and Origin provides over 40,000 healthcare providers nationwide with a comprehensive set of software and services, including full RCM, EHR, medical coding, technology implementation and support as well as in-depth business intelligence.
“Origin is a critical addition to the Meridian portfolio, providing a comprehensive range of revenue cycle and analytics services to our clients through more strategic clinical and financial reporting and business insights,” said Rob Gontarek, CEO of Meridian. “This enables our combined client base to not only reap the expertise of proven RCM technology but also better manage population health and make use of big data—both of which are critical to business and financial success as healthcare continues to evolve.”
“With a clear vision for the future of healthcare, we are excited to continue to invest in Meridian as they provide the right solutions for healthcare providers’ long-term business success,” said Victor C. Otley, Managing Director for The Gores Group. “Origin’s clients also win big in this equation as they gain access to Meridian’s in-depth expertise and knowledge of dealing with some of healthcare’s most complex revenue cycle and integration challenges.”
About Meridian Medical Management
Meridian Medical Management is a leading provider of revenue cycle, business intelligence, EMR, and system integration services for large, multi-specialty physician groups and academic practice plans. Leveraging over a decade of experience, Meridian’s team of professionals provides revenue cycle performance, business intelligence, and practice growth to some of the most prestigious medical groups in the country. For more information, please visit www.m3meridian.com.
About Origin Healthcare Solutions
Origin Healthcare Solutions is a premier provider of revenue cycle management and analytics solutions. Origin solutions seamlessly integrate into any environment with a data-driven approach that is backed by world-class service and 20+ years of specialty-specific experience. Tens of thousands of providers have partnered with Origin to optimize their business results. For more information, visit originhs.com, call 800.358.6443 or email firstname.lastname@example.org.
About The Gores Group, LLC
The Gores Group, LLC is a private equity firm focused on acquiring controlling interests in mature and growing businesses which can benefit from the firm’s operating experience and flexible capital base. The firm combines the operational expertise and detailed due diligence capabilities of a strategic buyer with the seasoned M&A team of a traditional financial buyer. The Gores Group, which was founded in 1987 by Alec E. Gores, has become a leading investor having demonstrated over time a reliable track record of creating substantial value in its portfolio companies alongside management. Headquartered in Los Angeles, the Gores Group maintains offices in Boulder, CO, and London. For more information, please visit www.gores.com.