One Equity Partners has completed its acquisition of all the outstanding shares of common stock of M*Modal, a provider of clinical transcription services.
M*Modal is a provider of clinical transcription services, clinical documentation workflow solutions, advanced cloud-based speech understanding technology, and advanced unstructured data analytics. M*Modal is headquartered in Franklin, TN (www.mmodal.com).
“This milestone event comes at a most pivotal moment in our company’s history,” said Vern Davenport, Chairman and CEO of M*Modal. “With all that the dedicated people of M*Modal have accomplished this past year, M*Modal is now uniquely positioned as a critical player in impacting the quality of healthcare and controlling its costs. Together, with our global force of highly skilled clinical transcriptionists and medical coders, our advanced speech understanding technology and our comprehensive workflow solutions, our new ownership can now fuel the growth and expansion of this powerful combination of talent and technology.”
One Equity Partners manages $10 billion of investments and commitments for JPMorgan Chase & Co. in direct private equity transactions and has invested approximately $3.5 billion to acquire over thirty companies in a variety of industries including defense, chemicals, healthcare, technology and manufacturing. The firm has offices in New York, Chicago, Frankfurt, Vienna, Hong Kong and São Paulo (www.oneequity.com).
