New Delhi, Jan. 14 -- Access Healthcare, an India- and US-based technology platform that offers revenue cycle management services to hospitals, said Tuesday it has raised growth capital from alternative investment firm New Mountain Capital.
The company will use the funds to spearhead its next phase of growth and ramp up its play in artificial intelligence, workflow automation, product development, and expansion into new markets, it said in a statement.
Access Healthcare didn't disclose financial terms of the transaction.
The company partners many large US-based healthcare organizations to help them improve operational efficiency, reduce costs, and improve care for patients, processing more than 400 million transactions annually.
New Mountain Capital manages private equity, strategic equity, credit, and net lease real estate funds with nearly $55 billion in assets under management.
Published by HT Digital Content Services with permission from VC Circle.