Sarnova Acquires Remaining Equity Stake in Digitech from Pamlico Capital
June 4, 2024
Pamlico Capital sold its remaining equity stake in Digitech to joint-venture partner Sarnova. Digitech, headquartered in Chappaqua, New York, provides revenue cycle management (RCM) solutions for EMS professionals and will be consolidated under Sarnova as Pamlico completes its exit following its 2019 investment and the 2020 recapitalization with R1.
- Buyers
- Sarnova
- Targets
- Digitech
- Sellers
- Pamlico Capital
- Industry
- Healthcare Services
- Location
- New York, United States
- Transaction Type
- Divestiture
Explore More
Related Acquisitions
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Sarnova Acquires and Combines Digitech with R1's EMS Business in Partnership with Pamlico Capital and Digitech Founder
July 20, 2020
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Sarnova will acquire and combine Digitech and the EMS business of R1 RCM Inc. (formerly ADPI/Intermedix) in partnership with Pamlico Capital and Digitech founder & CEO Mark Schiowitz to create a leading EMS-focused revenue cycle management (RCM) provider. Digitech will continue to operate under its name and be led by Mark Schiowitz, while Pamlico will retain a significant interest and R1 will divest its EMS business.
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Pamlico Capital Makes Growth Investment in Digitech
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Pamlico Capital has made a strategic growth investment in Digitech Computer LLC, a Chappaqua, New York–based provider of revenue cycle management and proprietary billing software for emergency medical services (EMS) transport providers. Founder and CEO Mark Schiowitz and the Digitech management team will retain a significant ownership stake and continue to operate the business while partnering with Pamlico to accelerate product innovation and expand the company's presence in the EMS market.
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