New Mountain Capital has formed Smarter Technologies as a new healthcare administration and revenue management platform by combining its portfolio companies SmarterDx, Thoughtful.ai, and Access Healthcare.
Through SmarterDx, the company uses clinical AI to analyze medical records and ensure accurate documentation and billing. Thoughtful.ai automates administrative tasks by extracting and inputting data from documents like insurance EOBs into billing systems, reducing manual workload. Access Healthcare delivers end-to-end revenue cycle services, covering patient billing, coding, claims processing, and collections.
According to New Mountain, the combined company processes more than 400 million transactions each year, has annual revenues of over $800 million, and serves more than 200 clients, including 60 hospital systems and more than 500,000 healthcare providers. Smarter Technologies is led by CEO Jeremy Delinsky, a former executive advisor to New Mountain, and is headquartered in New York City.
“Amid rapid change in the healthcare sector, Smarter Technologies offers a unique, comprehensive, and `and revenue management technologies and capabilities,” said Mr. Delinsky. “I look forward to working with New Mountain and the accomplished, experienced teams across each business to collaborate, share insights and capabilities, and identify ways to both strengthen our industry leadership and innovate to better serve our clients across the healthcare market.”
“We identified the market leaders across the most important areas of agentic-AI, machine learning and clinical data, and large-scale automation in the three companies and are now combining them to create the innovation leader of the sector,” said Matt Holt, a managing director and president of private equity at New Mountain. “We see enormous potential for growth and an opportunity to transform the industry. We look forward to working with Jeremy, as well as the teams from each of the companies, in one integrated effort to build the most important disruptor in the market that will scale the next generation of revenue cycle innovation across the ecosystem.”
New Mountain Capital is an industry generalist and invests between $100 million and $500 million per transaction in companies with enterprise values typically between $100 million and $1 billion. The firm, founded in 2000 and headquartered in New York City, manages over $50 billion in aggregate assets in private equity, credit, net lease real estate, and public equity funds.
In January 2021, New Mountain closed its newest flagship fund, New Mountain Partners VI LP, with $9.6 billion of capital, and the firm’s first non-control private equity fund, Strategic Equity Fund I LP, with $640 million of capital.
© 2025 Private Equity Professional | May 20, 2025
New Mountain Capital has formed Smarter Technologies as a new healthcare administration and revenue management platform by combining its portfolio companies SmarterDx, Thoughtful.ai, and Access Healthcare.
“Amid rapid change in the healthcare sector, Smarter Technologies offers a unique, comprehensive, and `and revenue management technologies and capabilities,” said Mr. Delinsky. “I look forward to working with New Mountain and the accomplished, experienced teams across each business to collaborate, share insights and capabilities, and identify ways to both strengthen our industry leadership and innovate to better serve our clients across the healthcare market.”
