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New Mountain Capital Merges Rawlings, Apixio PI, and VARIS to Form Leading Payment Integrity Platform

Author

Slice of Finance Team
10 Sep

Key Highlights:

  • New Mountain Capital completes merger to create leading payment integrity platform.

  • The combined entity will drive $3 billion in annual savings for health plans.

  • Focused on reducing healthcare administrative complexity and lowering care costs.

  • The platform impacts over 160 million lives across more than 60 health plans.

  • David Pierre named CEO of the newly combined organization.

Source (Business Wire)

Notable Quotes:

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“This combination of payment integrity leaders will create value across the entire healthcare ecosystem.”

Matt Holt, Managing Director and President, Private Equity at New Mountain Capital
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“We are excited for the growth and innovation that this merger will enable.”

David Pierre, Chief Executive Officer at Combined Entity

Our Take:

The merger of Rawlings, Apixio’s Payment Integrity business, and VARIS under New Mountain Capital creates a powerful, technology-driven platform designed to tackle inefficiencies in the U.S. healthcare payment system. With over 160 million lives impacted and $3 billion in cost savings, this combination of expertise, AI-driven analytics, and comprehensive solutions is set to redefine payment integrity, providing substantial benefits to health plans and the broader healthcare system.