New Mountain said to seal $3.2bn Equian sale, five years after $225m buyout

New Mountain said to seal $3.2bn Equian sale, five years after $225m buyoutNew Mountain Capital has made what appears to be a hefty return selling healthcare payments business Equian to trade player UnitedHealth in a reported $3.2bn deal.

The private equity house picked up Equian four years ago in a deal worth just $225, taking control of the company from fellow buyout house Great Point Partners.

A new report in the Wall Street Journal said the sale was the culmination of a months-long auction process, citing unnamed people it said were familiar with the matter.

The reported deal marks the end of a long time under private equity ownership for Equian, which was bought by Great Point at the end of 2007.

Equian’s software aims to provide data-driven solutions to ensure payment integrity across healthcare, property and casualty industries.

The company estimates that its ability to act on data to pay the right party the right amount at the right time delivers over $2.5bn annually in actionable savings throughout the payment spectrum.

New Mountain closed its oversubscribed fifth private equity fund on a massive $6.15bn in 2017, smashing its $5bn target.

That raise was way above New Mountain’s predecessor fund, which closed on $4.13bn in 2014.

Copyright © 2019 FinTech Global

Enjoying the stories?

Subscribe to our daily FinTech newsletter and get the latest industry news & research


The following investor(s) were tagged in this article.