New Mountain Capital aims to acquire Access Healthcare

The private equity firm New Mountain Capital is on the verge of acquiring Access Healthcare. The potential deal could value the revenue cycle management company at around $2 billion, according to insiders. New Mountain Capital, based in the USA, could announce the transaction in the coming weeks. However, despite advanced negotiations, discussions could still be delayed or fall through entirely. A spokesperson for New Mountain declined to comment, while Access Healthcare did not immediately respond to requests. Access Healthcare was founded in 2011 and provides services in medical billing, coding, and accounts receivable management to more than 150 institutions, including hospitals and non-acute care facilities. Recently, New Mountain agreed to acquire Machinify, a provider of AI-powered software for healthcare payments. Last year, the company was unsuccessful with a bid to acquire the health IT firm R1 RCM.