Parthenon Capital Invests in MRO Corporation
October 28, 2019
Parthenon Capital has completed a growth investment in MRO Corporation, acquiring a meaningful ownership stake and providing capital to support accelerated growth. MRO, a KLAS-rated leader in release of information (ROI) and PHI disclosure management based in Norristown, Pennsylvania, will use the funding to expand its capabilities and service offerings for healthcare providers.
- Buyers
- Parthenon Capital
- Targets
- MRO Corporation
- Industry
- Healthcare Services
- Location
- Pennsylvania, United States
- Transaction Type
- Growth capital
Explore More
Related Acquisitions
-
MRO Corporation Acquires MediCopy
February 22, 2022
Healthcare Services
MRO Corporation, a Parthenon Capital–backed clinical data acquisition and release platform, has acquired Nashville-based MediCopy, a provider of release of information (ROI) solutions for physician practices and outpatient providers. The deal expands MRO's footprint in the outpatient/physician practice market and brings MediCopy's team and tech-enabled workflows into MRO's platform.
-
MRO Corp. Acquires Q-Centrix Corp.
June 12, 2025
Healthcare Services
MRO Corp. has acquired Q-Centrix Corp., an enterprise clinical data management platform, from TPG Growth. The transaction is supported by Parthenon Capital, which made a new investment in MRO to back the combined company's growth; financial terms were not disclosed.
-
Bain Capital Special Situations Makes Strategic Minority Investment in MRO Holdings
July 9, 2024
Aerospace & Defense
Bain Capital Special Situations has made a strategic minority (growth) investment in MRO Holdings Inc. to support the company's expansion of customer-centric initiatives and capability scaling across its Americas maintenance network. MROH’s existing management and investment partners (the Kriete family and Caoba Capital) will remain in place; financial terms were not disclosed.
-
Parthenon Capital Makes Strategic Growth Investment in Medical Review Institute of America
July 8, 2024
Healthcare Services
Parthenon Capital has made a strategic growth investment in Medical Review Institute of America (MRIoA), a Salt Lake City–based provider of utilization management and clinical review solutions for payers. Summit Partners and MRIoA management will retain significant positions following the transaction; financial terms were not disclosed. Mizuho (and affiliate Greenhill & Co.) served as MRIoA's financial advisor and Kirkland & Ellis advised Parthenon.
-
MRO Corp. Acquires Cobius Healthcare Solutions
March 10, 2021
Healthcare Services
MRO Corp., a clinical data workflow platform backed by Parthenon Capital, has acquired Northbrook, Illinois-based Cobius Healthcare Solutions to expand its audit, denial management, and compliance capabilities for hospitals and provider organizations. Cobius founder Doug Weinberg and his team will join MRO as employees, enabling integrated workflow and technology offerings across payer audit, denial management, internal audit and release-of-information solutions.
-
Parthenon Capital Invests in AArete
June 24, 2025
Consulting
Parthenon Capital has made a strategic growth investment in AArete, a Chicago-based management and technology consulting firm specializing in profitability improvement and digital transformation for healthcare payers, financial services and the public sector. The capital will be used to accelerate growth initiatives, broaden AArete’s service offerings, and support acquisitions while existing employees and leaders remain significant shareholders.
Track M&A activity that matters to you
Get real-time deal alerts, build buyer lists with AI, and access our full acquisition database. Start your free trial today.