What You Should Know:
– Thomas H. Lee Partners, a premier private equity firm investing in growth companies, announced today that it has entered into an agreement to acquire a majority interest in Intelligent Medical Objects, a healthcare data enablement company and market leader in clinical terminology solutions in a $1.5B + deal.
– Founded in 1994, IMO manages more than 5 million clinical terms and maps to all major coding systems. Its suite of software products, which is used by over 740,000 physicians daily, helps hospitals minimize clinician burnout, reduce unnecessary care and charges, optimize billing and reimbursement, streamline data management, and inform better care.The Company’s newer offerings help improve data quality by streamlining clinical workflows and standardizing patient condition and treatment data.
– Evercore acted as the exclusive financial advisor and Kirkland & Ellis acted as legal advisor to IMO. William Blair acted as financial advisor, Ropes & Gray acted as legal advisor, Kirkland & Ellis acted as financing legal advisor and Deloitte acted as accounting and tax advisor to THL.