LOS ANGELES, September 2, 2015 – Marlin Equity Partners (“Marlin”) is pleased to announce that it has completed the acquisition of AdvancedMD from ADP (NASDAQ:ADP). AdvancedMD is a leading provider of cloud-based practice management (“PM”), electronic health records (“EHR”) and revenue cycle management (“RCM”) software solutions to the independent physician practice market. The company offers a fully integrated, cloud-based PM, EHR, RCM and patient relationship management product suite, as well as big data reporting and business intelligence tools, designed to help physicians and medical professionals automate and optimize workflow in all areas of the physician practice. AdvancedMD’s solutions are proven to accelerate revenue capture, streamline workflow and productivity, facilitate improved patient health, and simplify costly and complex medical claims processing and billing procedures. AdvancedMD’s expansive national footprint serves over 7,500 practices, 17,500 physicians and 500 billing companies.
Raul Villar, who will continue to lead AdvancedMD as CEO, commented, “As the largest provider of clinical and financial solutions to independent medical practices, AdvancedMD is dedicated to providing crucial solutions and resources that enable our customers to grow and succeed. We are excited to continue our mission and unveil branding that reflects our new status and strengthened conviction as a standalone company. With Marlin’s financial and operational support, we have the ability to continue to deliver unmatched value to our clients and partners.”
“We are thrilled to partner with the team at AdvancedMD to support the next chapter of the company’s growth,” said Michael Anderson, a principal at Marlin. “AdvancedMD is led by a strong management team with a clear vision for how technology can improve the productivity and care that independent physicians can provide to their patients. We are highly confident we can help accelerate the company’s impressive growth and build upon the valuable customer relationships that have allowed the business to reach this point.”
About Marlin Equity Partners
Marlin Equity Partners is a global investment firm with over $3 billion of capital under management. The firm is focused on providing corporate parents, shareholders and other stakeholders with tailored solutions that meet their business and liquidity needs. Marlin invests in businesses across multiple industries where its capital base, industry relationships and extensive network of operational resources significantly strengthen a company’s outlook and enhance value. Since its inception, Marlin, through its group of funds and related companies, has successfully completed over 90 acquisitions. The firm is headquartered in Los Angeles, California with an additional office in London. For more information, please visit www.marlinequity.com.
AdvancedMD is a leading provider of cloud-based practice management, electronic health records and revenue cycle management solutions focused on the independent physician practice market. The company’s comprehensive portfolio allows physicians to drive additional revenue and reduce administrative burden by automating medical practice processes, optimizing patient schedules and encounters, streamlining insurance claim creation, managing prescription and order processes, and tracking and analyzing financial performance. AdvancedMD is widely recognized as a leader in its industry, and has earned the #1 ranking from KLAS, the leading independent industry analyst, in a number of categories including product quality, functionality and integration. For more information, please visit www.advancedmd.com.
For additional information, please contact Peter Spasov at (310) 364-0100 or via e-mail at firstname.lastname@example.org.