Imperial Capital Group has made an investment in MRO Corp., a provider of disclosure management and health information services. Imperial Capital’s investment will be used by MRO to finance its projected growth over the next few years.
MRO provides technology-driven services to ensure the secure, compliant and efficient exchange of protected health information. The company’s services include release of information, payer audit compliance and tracking, and accounting of disclosures. MRO’s services can be used as a platform across a healthcare company to standardize disclosure policies and drive system-wide security and compliance. MRO is based in King of Prussia, PA (www.mrocorp.com).
“We have had a strong interest in healthcare information technology and compliance-based businesses and see MRO as a great investment,” said Justin MacCormack, partner and head of healthcare investing at Imperial Capital. “MRO’s management team and healthcare solutions are among the best in the US in terms of quality, technology and innovation, and we are thrilled to support the growth of this company.”
Imperial Capital focuses on investment opportunities in the Canadian and American mid-market. The firm invests in companies that have revenue between $20 million and $200 million and are active in the healthcare, branded consumer products, and business services industries. The firm is currently investing from its fifth fund with commitments of $295 million. Imperial Capital is based in Toronto (www.imperialcap.com).
“We are proud to have found a partner in Imperial Capital,” said Dan Heist, CEO of MRO. “They have a solid investment track record and are aligned with our vision for the future of the company.”
2014 PEPD • Private Equity’s Leading News Magazine • 10-1-14