Sarnova Acquires and Combines Digitech with R1's EMS Business in Partnership with Pamlico Capital and Digitech Founder

Sarnova Acquires Remaining Equity Stake in Digitech from Pamlico Capital

June 4, 2024

Healthcare Services

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.

Pamlico Capital Makes Growth Investment in Digitech

June 21, 2019

Healthcare Services

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.

R1 RCM Acquires SCI Solutions

April 1, 2020

Healthcare Services

R1 RCM Inc. completed the acquisition of SCI Solutions, a provider of digital patient access and engagement software, to expand its technology-enabled revenue cycle and patient intake capabilities. The deal (announced Jan 2020, closed Apr 2020) brings SCI’s EHR-agnostic care coordination marketplace and digital “front door” offerings into R1’s platform, and was previously owned by investors including The Wicks Group, NEA and Columbia Pacific.

Sarnova (Cardio Partners) Acquires Allied 100

September 7, 2021

Healthcare Services

Sarnova, through its Cardio Partners business and with USD 210m equity funding from Patricia Industries, has acquired Allied 100 and will combine it with Cardio Partners to form a new Sudden Cardiac Arrest solutions unit. The add-on transaction (total consideration ~USD 290m) expands Sarnova's AED product, training and program-management capabilities for professional and civilian first responder markets.

Med-Metrix Acquires ARMCO Partners to Expand RCM Software and Services

April 5, 2022

Healthcare Services

Med-Metrix, a technology-enabled revenue cycle management (RCM) platform backed by A&M Capital Partners, has acquired ARMCO Partners, a provider of coding and forensic medical billing services. ARMCO — based in the Atlanta area with offices in Manila — serves over 100 health systems at more than 500 sites; the deal expands Med-Metrix's end-to-end RCM software and service capabilities. Financial terms were not disclosed.

Intelerad Medical Systems Acquires Digisonics, Inc.

December 16, 2020

Healthcare Services

Intelerad Medical Systems, a Montreal-based medical imaging software provider backed by Hg, has acquired Digisonics, Inc., a Houston-based provider of cardiovascular and obstetrics/gynecology information and structured reporting systems. The acquisition will integrate Digisonics' reporting and clinical interpretation capabilities into Intelerad's enterprise imaging platform to eliminate silos, improve physician workflow efficiency, and strengthen Intelerad's hospital and health system offering.