New Mountain Capital to Acquire Machinify and Combine with Payment Integrity Platform
February 20, 2025
New Mountain Capital announced a definitive agreement to acquire Machinify, an AI-powered healthcare payments software provider, with the plan to combine it into a platform formed by merging The Rawlings Group, Apixio’s Payment Integrity business, and VARIS. The resulting company—expected to be named Machinify at close—will unify AI-native technology and healthcare payment integrity expertise to improve payment accuracy and reduce administrative costs for health plans.
- Buyers
- New Mountain Capital, LLC
- Targets
- Machinify, Inc., The Rawlings Group, Apixio's Payment Integrity (PI) business, VARIS, LLC
- Platforms
- New Mountain Capital-backed payment integrity platform (Rawlings + Apixio PI + VARIS)
- Industry
- Healthcare Services
- Location
- California, United States
- Transaction Type
- Addon
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