New Mountain Capital Acquires Machinify to Bolster Payment-Integrity Platform
February 20, 2025
New Mountain Capital led an investor group to acquire Machinify and fold it into the New Mountain-backed payment-integrity platform formed from The Rawlings Group, Apixio's Payment Integrity business, and VARIS. The transaction adds Machinify's AI-powered, cloud-based claims and payment-intelligence platform to the combined company's capabilities, creating a scaled healthcare payment-integrity provider serving 60+ health plans and covering 160M+ lives.
- Buyers
- New Mountain Capital, LLC, Eir Partners, Battery Ventures, Ardan Equity Partners, Matrix Partners, GV
- Targets
- Machinify, Inc.
- Platforms
- Rawlings / Apixio Payment Integrity / VARIS platform (New Mountain-backed payment integrity platform)
- Industry
- Healthcare Services
- Location
- California, United States
- Transaction Type
- Addon
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