Thomas H. Lee Partners Acquires Intelligent Medical Objects

ROSEMONT, Sick. & BOSTON–(Small business WIRE)–Thomas H. Lee Associates, L.P. (“THL”), a leading personal fairness firm investing in progress businesses, declared right now that it has entered into an arrangement to obtain a bulk desire in Smart Professional medical Objects (“IMO,” or “the Company”), a health care details enablement firm and marketplace chief in clinical terminology alternatives from Warburg Pincus, a major world expansion trader. THL’s expenditure will help the Company’s merchandise development and expanded business relationships with hospitals and other overall health care suppliers.

Launched in 1994, IMO manages far more than 5 million clinical conditions and maps to all major coding techniques. Its suite of computer software merchandise, which is applied by about 740,000 medical professionals everyday, helps hospitals minimize clinician burnout, decrease needless treatment and costs, improve billing and reimbursement, streamline knowledge administration, and advise greater treatment. The Company’s more recent choices aid make improvements to data good quality by streamlining scientific workflows and standardizing individual situation and cure data.

“We could not be far more energized to spouse with our new colleagues at IMO,” mentioned Joshua Nelson, Taking care of Director at THL and Head of the firm’s Healthcare group. “At a time when hospitals and doctors truly feel the pressure of heightened desire and limited capability, IMO’s products assist supply improved affected person treatment and satisfaction. This will work to the profit of those delivering treatment, and those people trying to find it.”

“THL’s expenditure in IMO validates the future phase of expansion for our small business, our products and solutions, and our personnel,” reported Ann Barnes, IMO’s CEO. “For three decades, IMO has been setting up products and solutions important to addressing healthcare’s most pressing overall health IT desires and this partnership permits us to speed up our enlargement in equally provider and non-provider marketplaces.”

“IMO has built advanced goods that eradicate quite a few of the legacy inefficiencies and asymmetries in health care billing, scheduling, and scientific file holding,” claimed Shahab Vagefi, Running Director at THL. “We see a blue-sky opportunity to construct on these merchandise and develop the Company’s associations with hospitals and health and fitness care providers nationwide.”

“We are extremely proud of IMO’s tremendous expansion more than the earlier 6 several years of our partnership. Through the launch of innovative merchandise, expansion into new markets and the assist of powerful expertise at the Organization, IMO continues to be a leader in simplifying intricate healthcare facts for 1000’s of hospitals and physicians,” reported Vishnu Menon, Controlling Director, Warburg Pincus and Andrew Park, Running Director, Warburg Pincus. “IMO is very well positioned for continued achievements, and we glimpse forward to the subsequent chapter of its development,” additional Parag Gupta, Controlling Director, Warburg Pincus.

Evercore acted as the exclusive monetary advisor and Kirkland & Ellis acted as authorized advisor to IMO. William Blair acted as economical advisor, Ropes & Gray acted as authorized advisor, Kirkland & Ellis acted as financing legal advisor and Deloitte acted as accounting and tax advisor to THL.

About Thomas H. Lee Companions

Thomas H. Lee Partners, L.P. (“THL”) is a premier private equity agency investing in middle-marketplace development businesses exclusively in 3 sectors: Health care, Monetary Engineering and Solutions, and Technological innovation & Business enterprise Methods. THL partners deep sector experience by means of our Discovered Sector Prospect (“ISO”) procedure with committed inside running assets from our Strategic Useful resource Group (“SRG”) to completely transform and establish great corporations of lasting worth in partnership with administration. The Firm’s domain know-how and assets support to develop good firms with an purpose to speed up development, make improvements to functions and push very long-time period sustainable price. Because 1974, THL has elevated additional than $30 billion of fairness money, invested in around 160 companies and completed extra than 500 insert-on acquisitions representing an aggregate enterprise benefit at acquisition of about $210 billion. For much more information and facts, be sure to stop by: www.thl.com.

About IMO

Smart Health care Objects (IMO) is a healthcare knowledge enablement company. From medical documentation at the level of care to elaborate techniques to populace well being administration, IMO ensures clinical details integrity and quality—making affected individual info match-for-objective throughout the health care ecosystem. For practically three a long time, IMO’s footprint in EHRs—across additional than 4,500 US hospitals—powers our skilled ability to seize and protect medical intent where ever and nonetheless information is made use of. Our main customers span person medical professionals and physician groups, hospitals and clinics, significant built-in shipping networks, inpatient ORs and surgical centers, international electronic overall health file providers, wellbeing information and facts exchanges, scientific knowledge registries, payers, everyday living sciences companies, and healthcare analytics sellers. For much more info take a look at: imohealth.com.

About Warburg Pincus

Warburg Pincus LLC is a foremost global progress trader. The company has additional than $73 billion in property underneath management. The firm’s lively portfolio of additional than 235 providers is really diversified by stage, sector, and geography. Warburg Pincus is an skilled partner to administration teams looking for to develop long lasting corporations with sustainable price. Considering the fact that inception, the organization has invested above $12 billion in additional than 160 health care firms and in excess of $25 billion in a lot more than 360 technological innovation businesses. The intersection of these two sectors in HCIT is a critical location of concentration for the company, with present investments including Aetion, Experity, World wide Healthcare Exchange (GHX), Helix, Modernizing Medication, Phil, Qualifacts, Quantum Well being, and WebPT. Started in 1966, Warburg Pincus has elevated 20 personal fairness and 2 authentic estate cash, which have invested more than $100 billion in around 1,000 companies in more than 40 international locations. The organization is headquartered in New York with workplaces in Amsterdam, Beijing, Berlin, Hong Kong, Houston, London, Luxembourg, Mumbai, Mauritius, San Francisco, São Paulo, Shanghai, and Singapore. For a lot more information you should pay a visit to www.warburgpincus.com. Stick to us on LinkedIn.