Mumbai: New Mountain Capital, a global investment firm with over $20 billion in assets under management, has acquired emids, a leader in digital engineering and transformation solutions to the healthcare industry. As part of the transaction, emids management and other select stakeholders will remain invested in the Company, while current investors Baird Capital and Council Capital are exiting. Founded in 1999 by former Wipro Technologies engineers Saurabh Sinha and Arnab Chatterjee, emids’ business process outsourcing services include electronic health record (EHR) application deployment & management, analytics, data integration & governance, software development & testing, and business intelligence. India is one of the largest markets for emids through its operations in Bengaluru and Hyderabad offices. “Healthcare, as an industry, is just beginning to tap the true potential of data and advanced technology to improve the care lifecycle experience, and we are thrilled to have such a successful and like-minded investor as New Mountain joins us on this next stage of our journey,” said emids founder and CEO Saurabh Sinha. A bunch of private equity firms are in talks to buy a controlling stake in Nashville-based emids Technologies, where promoters, existing US based PE investors – Baird Capital, Council Capital and Union… Read full this story
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