HealthPort-IOD, a portfolio company of New Mountain Capital, has acquired ECS. Financial terms weren’t announced. Phoenix-based ECS provides medical record retrieval services and software in the U.S.
NEW YORK & ALPHARETTA, Ga.–(BUSINESS WIRE)–New Mountain Capital and HealthPort-IOD today announced the acquisition of ECS, one of the leading providers of on-demand access to medical records and related services. The senior leadership team of ECS will remain in place and lead the record retrieval operations of the combined business.
ECS, founded in 1999, utilizes its proprietary technology-enabled workflow tools to efficiently retrieve and deliver over four million medical charts each year and has access to over 65,000 provider sites nationwide. It has full geographic coverage with the ability to retrieve medical information in all 50 states. The acquisition of ECS brings increasingly automated capabilities for retrieving and delivering medical information into the product offering of HealthPort-IOD.
“We welcome the founders, senior management, and employees of ECS to join us in building a large scale clinical data company focused on being the trusted intermediary for its clients. We have been very impressed with the business that the team has built, especially with respect to the speed, quality, and scale of its product and technology offerings. We look forward to working with the team as we integrate HealthPort, IOD and ECS into a large scale technology-enabled clinical information provider,” said Matt Holt, Chairman of the Board of the combined company and Managing Director of New Mountain. “ECS is a critical component of the clinical data company we are building. The company brings us the best medical record retrieval capability available in the market as well as a footprint of over 65,000 provider sites. The addition of ECS complements HealthPort-IOD’s existing offering and expands the combined company’s ability to provide secure access and delivery of medical information across the entire healthcare ecosystem.”
“We are very excited to be part of this major company in the medical information sector and hope to provide even better and more comprehensive service to our customers,” said Tim Poehling, CEO of ECS. “Speaking for the entire management team of ECS, we are looking forward to working with New Mountain and the team at HealthPort-IOD. We see meaningful value in the combined business for both our customers and employees, which is a primary reason for the founders and senior team to stay significantly involved. We look forward to working with our customers and serving them with the enhanced services, capabilities, and tools now that we have additional resources to invest behind us.”
The ECS transaction closed in September 2015.
ECS is one of the largest and most trusted providers of medical record retrieval services and software in the U.S., serving the needs of healthcare organizations and other entities that require secure access to medical records. The company’s sole focus on medical record retrieval allows clients to enjoy leading delivery times at the lowest cost point possible. ECS manages a growing network of over 3,000 trusted professionals to personally handle on-site medical record retrieval projects of all sizes. In addition, the company has established relationships with thousands of medical facilities across the country; these exceptional standards of service are reflected by ECS consistently earning one of the highest provider satisfaction ratings in the industry. ECS is dedicated to the highest level of professionalism and maintains strict compliance with HIPAA and other healthcare industry standards.
HealthPort-IOD is a leading clinical data company providing medical information access management and compliance services to healthcare organizations. It partners with healthcare organizations to mitigate risk, improve financial performance, and increase requestor satisfaction by providing access to the largest, most secure distribution network and technology portal available for protected health information (PHI), as well as a HIPAA-trained staff backed by legal expertise. As part of providing medical information access management, the HealthPort-IOD business also provides coding, audit management, denial management and document management services which empower healthcare enterprises with performance-improving information that crosses functional lines.
About New Mountain Capital
New Mountain Capital is a New York-based investment firm that emphasizes business building and growth, rather than debt, as it pursues long-term capital appreciation. The firm currently manages private equity, public equity, and credit funds with over $15 billion in aggregate capital commitments. New Mountain seeks out what it believes to be the highest quality growth leaders in carefully selected industry sectors and then works intensively with management to build the value of these companies. For more information on New Mountain Capital, please visitwww.newmountaincapital.com.