Merger with Triage Consulting Group

Industrial
Merger with Triage Consulting Group

Summary

Baird served as the financial advisor to Revint Solutions on this transaction

About

Revint Solutions (“Revint” or the “Company”), a portfolio company of New Mountain Capital (“New Mountain”), has merged with Triage Consulting Group (“Triage”). Terms of the transaction have not been disclosed. The transaction is subject to regulatory approval.

Revint is a leading provider of technology-enabled solutions for health systems, focused on offering revenue integrity and recovery services to ensure accurate and timely reimbursement for their services. Serving over 1,700 healthcare organizations in the United States, Revint helps recover over $800 million of underpaid or unidentified revenue for its clients annually. The Company’s solution set includes suites centered around Revenue Assurance, Payer Accountability, and Medicare Reimbursement. Revint was recognized by Black Book among the highest-ranked Revenue Recovery vendors based on customer satisfaction and client experience. Revint’s Revenue Recovery solution suites have HFMA Peer Review status and are HITRUST certified.

Triage is one of the nation’s leading hospital revenue review companies providing expertly trained staff in all areas of hospital reimbursement. Serving over 900 healthcare organizations in the United States, Triage has identified and recovered over $5B in lost revenue for providers. Triage offers comprehensive reimbursement and underpayment recovery services, including Workers’ Compensation, Aged Account Resolution, Medicare Review, and Consulting Services. Triage is the 2020 Revenue Integrity and Underpayment Services KLAS Category Leader.

New Mountain Capital is a New York-based investment firm that emphasizes business building and growth, rather than debt, as it pursues long-term capital appreciation. New Mountain currently manages private equity, public equity, and credit funds with over $25 billion in assets under management. New Mountain seeks out what it believes to be the highest quality growth leaders in carefully selected industry sectors and then works intensively with management to build the value of these companies.
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Industrial
Merger with Triage Consulting Group
Date
September 2020
Company
Revint Solutions
Transaction
M&A
Sectors
Industrial
Target Location
North America
Acquiror Location
North America

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