LOS ANGELES, July 9, 2018 – Marlin Equity Partners (“Marlin”) is pleased to announce that it has acquired Nuesoft Technologies (“NueMD”), a provider of practice management, electronic health records and revenue cycle management SaaS solutions. NueMD will be merged with AdvancedMD, a Marlin portfolio company, further strengthening AdvancedMD’s market leading position as the unified clinical and workflow solution of choice for independent physician practices and medical billing services.
“We are excited to partner with the NueMD team and continue our pursuit of creating a world-class cloud platform purpose-built for independent physicians and clinicians,” said Michael Anderson, a managing director at Marlin. “The acquisition of NueMD allows us to accelerate the product roadmap of both companies, delivering a more expansive feature set to help independent physicians improve the productivity and care they provide their patients.”
“This acquisition solidifies AdvancedMD as the largest provider of cloud-based medical office software to independent physicians and medical billing services,” said Raul Villar, Jr., CEO of AdvancedMD. “The combination is highly complementary with NueMD adding approximately 2,000 clients and 6,000 providers to the combined company who will now have access to a broader array of unified workflow applications and personalized services.”
About Marlin Equity Partners
Marlin Equity Partners is a global investment firm with over $6.7 billion of capital under management. The firm is focused on providing corporate parents, shareholders and other stakeholders with tailored solutions that meet their business and liquidity needs. Marlin invests in businesses across multiple industries where its capital base, industry relationships and extensive network of operational resources significantly strengthen a company’s outlook and enhance value. Since its inception, Marlin, through its group of funds and related companies, has successfully completed over 130 acquisitions. The firm is headquartered in Los Angeles, California with an additional office in London. For more information, please visit www.marlinequity.com.
About AdvancedMD
AdvancedMD strives to be the community of choice for independent providers by delivering unified workflow and personalized service to ensure the health of every practice and their patients. The company’s unified suite of cloud solutions, called Rhythm, includes practice management, electronic health records, telemedicine, patient relationship management, business analytics reporting, and physician-performance benchmarking all on one database with one login and backed by expert practice advocates. AdvancedMD Rhythm, provides smart tools that prioritize clinical workflow, improve patient communication and flexibility, and optimize revenue for the practice under value-based care. AdvancedMD also offers full service revenue cycle management and serves an expansive national footprint of more than 27,000 practitioners across 8,600 practices and 600 medical billing companies. For more information, please visit www.advancedmd.com.
For additional information, please contact Peter Spasov at (310) 364-0100 or via e-mail at pspasov@marlinequity.com.