The Gores Group Acquires GE Healthcare Strategic Sourcing
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The Gores Group Acquires GE Healthcare Strategic Sourcing

The Gores Group has completed the acquisition of GE Healthcare Strategic Sourcing from GE Healthcare. Post acquisition, the company will operate under the name Meridian Medical Management.

GE Healthcare Strategic Sourcing is a provider of electronic billing and electronic medical records outsourcing services to the healthcare industry. The group was founded nearly ten years ago and is based in Wilbraham, MA (no website found).

“GE Healthcare Strategic Sourcing occupies a unique position in the market, with the ability to provide top-tier electronic medical record and outsourced revenue cycle management to very large multispecialty physician groups. The existing management team’s expertise and state of the art technology provides an exciting opportunity for growth,” said Rob Gontarek, the company’s newly appointed CEO.

The Gores Group makes control investments in non-core, underperforming or undervalued businesses in the United States and Europe. The firm maintains an in-house team of over 60 M&A and operations professionals in the US and Europe. The Gores Group was founded in 1987 and has offices in Los Angeles, CA; Boulder, CO and London, UK (www.gores.com).

“The Gores Group is excited about the acquisition of GE Healthcare Strategic Sourcing,” said Victor Otley, Managing Director for The Gores Group. “We believe this platform offers great opportunity to continue the delivery of quality services using the GE Healthcare technology platform. We look forward to working with management and employees as we build on the services and capabilities as an independent platform.”

© 2013 PEPD • Private Equity’s Leading News Magazine • 3-5-13

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