New Mountain Capital to Acquire Machinify and Combine with Leading Healthcare Intelligence and Payment Platform

Ropes & Gray represented New Mountain Capital in a definitive agreement to acquire Machinify, Inc., a leading provider of artificial intelligence-powered software transforming healthcare payments. The transaction was announced in a Jan. 10 press release and is expected to close in the first quarter of this year following receipt of customary regulatory approvals.

Machinify will become a core part of the company recently formed through the merger of The Rawlings Group, Apixio’s Payment Integrity business, and VARIS. The combined organization, to be named Machinify at close, will bring together technology, clinical expertise, and a wealth of data to transform healthcare payments.

New Mountain Capital is a New York-based investment firm and currently manages private equity, strategic equity, credit, and net lease real estate funds with over $55 billion in assets under management.

The Ropes & Gray team was led by private equity partner Todd B. Kornreich, and included health care partner Jennifer Romig, executive compensation & employee benefits partners Danna Kivell and Allie Alperovich, IP transactions partner Jordan Altman, litigation & enforcement partner Jonathan Klarfeld, and tax partner Alyssa Kollmeyer.