Ropes & Gray represented New Mountain Capital in its growth investment in ClaimLogiq, a healthcare technology platform that enables complex claim reviews for health plans prior to payment. Terms of the transaction were not disclosed. The transaction was announced on Oct. 25 in a press release.
New Mountain Capital is a growth-oriented investment firm that manages private equity, credit, and net lease real estate funds with more than $37 billion in assets under management. ClaimLogiq is a healthcare software and technology company that enables complex claim reviews for health plans prior to payment.
The team that represented New Mountain Capital was led by private equity partners Todd B. Kornreich and Garrett T. Charon, and included health care partner Timothy McCrystal, private equity partner John Sorkin, finance partner Arek Maczka, benefits and executive compensation partner Danna Kivell, labor and employment partner Richard Kidd, data, privacy, & cybersecurity partner Edward McNicholas, M&A and capital markets partner Michael Littenberg, and tax partner Alyssa Kollmeyer.
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