emids, a leader in digital engineering and transformation solutions to the healthcare industry, has partnered with New Mountain Capital, a leading growth-oriented investment firm with over $20 billion in assets under management.
As part of the transaction, emids management and other select stakeholders will remain invested in the Company, while current investors Baird Capital and Council Capital are exiting. The investment by New Mountain sets the stage for the continued accelerating growth of emids as the healthcare industry’s preferred partner for digital transformation.
Jack Qian, Managing Director at New Mountain, said
This partnership is the result of our continued efforts to identify and back innovative platforms that enable healthcare stakeholders to meet the rapidly changing needs of a digital world.
We are thrilled to be partnering with Saurabh and the emids management team. We look forward to supporting the Company’s continued growth by identifying both organic and inorganic initiatives to help the Company realize its full potential.
Baird Capital Partner Jim Pavlik complimented emids’ unrelenting focus on customer service and quality during its rapid expansion
We’ve witnessed the emids commitment to keep its customers front and center. It’s a differentiator and key ingredient in their success.
Grant Jackson, Managing Partner – Council Capital, said
We are pleased to have been able to successfully leverage the Council Model to partner with the emids management team with our deep bench of industry and functional experts, as well as facilitate new customer relationships. We wish Saurabh and his team much continued success in this next phase of their growth.
Credit Suisse served as exclusive financial advisor and DLA Piper LLP as legal counsel to emids in this transaction. Ropes & Gray LLP provided legal counsel to New Mountain.