“With a clear vision for the future of healthcare, we are excited to continue to invest in Meridian as they provide the right solutions for healthcare providers’ long-term business success,” said Victor Otley, Managing Director for The Gores Group.
Origin Healthcare Solutions is a provider of revenue cycle management (RCM) services and analytics to tens of thousands of physicians and healthcare providers nationwide. Origin’s services are used to increase financial and clinical performance and improve workflow efficiency. The company, founded in 1991, has more than 400 employees and is headquartered in Chicago (www.originhs.com).
Meridian Medical Management provides revenue cycle management, electronic medical records & IT programming and support services to large, multi-specialty physician groups and academic practice plans. The company was formed by Gores through the March 2013 acquisition of GE Healthcare Strategic Sourcing. Meridian Medical is headquartered in Wilbraham, MA (www.m3meridian.com).
On a combined basis, Meridian and Origin now service over 40,000 healthcare providers nationwide.
“Origin is a critical addition to the Meridian portfolio, providing a comprehensive range of revenue cycle and analytics services to our clients through more strategic clinical and financial reporting and business insights,” said Rob Gontarek, CEO of Meridian. “This enables our combined client base to not only reap the expertise of proven RCM technology but also better manage population health and make use of big data – both of which are critical to business and financial success as healthcare continues to evolve.”
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 is headquartered in Los Angeles with additional offices in Boulder, CO and London, UK (www.gores.com).
2014 PEPD • Private Equity’s Leading News Magazine • 12-12-14