Bain Capital Invests in Navicure
Ropes & Gray advised leading global private equity investment firm Bain Capital Private Equity on its strategic investment in Navicure, a leading provider of cloud-based claims management and patient payment solutions for physician practices and hospitals.
Headquartered in Duluth, Ga., Navicure provides subscription-based solutions that help physician offices of all sizes increase revenue, accelerate cash flow, and reduce the costs associated with managing insurance claims and patient payments. Navicure serves more than 90,000 health care providers nationwide.
The deal was announced June 15 and is expected to close in July 2016. Financial terms of the transaction were not disclosed.
The Ropes & Gray team included private equity partner Bill Mone, tax partner Amanda Holt, life sciences partner Michael Beauvais, health care partner Deborah Gersh and private equity associate Laura Steinke.