Pamplona to acquire Precyse

Pamplona Capital Management has agreed to buy Precyse, a provider of health information management solutions. The sellers are NewSpring Capital and Altaris Capital Partners. No financial terms were disclosed.


RADNOR, PA – June 30, 2015 – NewSpring Capital, a family of private equity funds providing growth and expansion capital, announced today that Precyse, a portfolio company of the firm’s dedicated healthcare fund, NewSpring Health Capital (“NewSpring”), has signed an agreement to be acquired by Pamplona Capital Management (“Pamplona”).

Since inception in 1999, and through the recapitalization of the Company in 2008 by NewSpring and Altaris Capital Partners, Precyse has become the recognized leader in the Health Information Management industry. Precyse has enabled nearly 5,000 healthcare facilities and systems across the United States to improve efficiency and deliver tangible outcomes. The Company delivers a robust combination of experienced highly trained people, premier technology solutions and industry-leading education targeted at all clinical and financial aspects of Health Information Management. Collectively, this equips healthcare organizations to achieve enhanced and sustainable operational performance.

Brian G. Murphy, NewSpring General Partner and Board Member of Precyse stated, “The Precyse management team has advanced its technology-enabled services platform to solve mission critical clinical and administrative inefficiencies while increasing compliance in an ever-changing healthcare environment. The value recognized by clients has now translated to NewSpring’s Limited Partners as well. We are confident that the Precyse management team and Pamplona will expand the Company’s leadership position in the industry.”

“We are delighted to be taking this step forward during a time of significant development for Precyse,” said Precyse CEO, Chris Powell. “Our ability to deliver a comprehensive suite of services, education and technology to healthcare organizations empowers them to thrive. We are encouraged by the scale and market penetration we have achieved to date and are confident that our offerings, leadership and industry position will lead to accelerated growth. Moving forward, our partnership with Pamplona will enable us to build on the tremendous base that our investors helped us create.”

Executive Chairman, Founder and former CEO, Jeff Levitt added, “We appreciate the partnership with Altaris Capital Partners and Brian Murphy and his team at NewSpring. Together, they have helped the Company navigate the dramatic changes in the healthcare industry over the past few years. Precyse is well positioned to capitalize on the evolving healthcare market and we look forward to future growth with our new partner, Pamplona.

About Precyse

Precyse uniquely interweaves people, technology and education to remove barriers between clinical and financial operations enabling healthcare organizations to thrive. The Company has helped nearly 5,000 healthcare organizations nationwide improve efficiency and deliver tangible outcomes for more than fifteen years. Precyse offers: fully outsourced Health Information Management (HIM) Services, Medical Coding, Clinical Documentation Improvement (CDI), Medical Transcription, Cancer Registry and Oncology Data Management; an HIM Automation platform with expert workflow technologies and Natural Language Processing (NLP) that supports all inpatient and outpatient Computer Assisted Coding, and Computer Assisted CDI needs; and Precyse University™, an education solution targeted towards helping hospitals optimize coding, revenue cycle management, healthcare operations, clinical documentation, and case management practices before they hit the bottom line.

About Pamplona Capital Management
Pamplona Capital Management is a London and New York based specialist investment manager established in 2005 that provides an alternative investment platform across private equity, fund of hedge funds and single manager hedge fund investments. Pamplona Capital Management, LLP manages over USD 10 billion in assets across a number of funds for a variety of clients including public pension funds, international wealth managers, multinational corporations, family offices and funds of hedge funds. Pamplona is currently managing its fourth private equity fund, Pamplona Capital Partners IV LP, which was raised in 2014. Pamplona invests long-term capital across the capital structure of its portfolio companies in both public and private market situations. Please see for further information.