Ropes & Gray represented New Mountain Capital and its portfolio company Machinify on Machinify’s take-private acquisition of Nasdaq-listed Performant Healthcare, Inc. for approximately $670 million. Performant is a leading provider of technology-enabled payment integrity, eligibility, and related analytics services. The transaction closed on October 21, 2025.
Machinify is a leading healthcare intelligence company with expertise across the payment continuum, delivering unmatched value, transparency, and efficiency to health plan clients across the United States.
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 included private equity partner Todd B. Kornreich, finance partner Arek Maczka, mergers & acquisitions partner Jackie Cohen, health care partner Jennifer Romig, antitrust partner Jonathan Klarfeld, IP transactions partner Jordan Altman, executive compensation & employee benefits partner Danna Kivell, labor & employment partner Richard Kidd, tax partner Alyssa Kollmeyer, and data privacy partner Fran Faircloth.
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