CenseoHealth And Advance Health Announce Investment By New Mountain Capital
Summary
"Our partnership with New Mountain and Advance will continue to expand Censeos participation in the in-home health assessment and care management space. Matt Holt, Managing Director at New Mountain Capital added, "We have been working to establish a new and better platform in the technology-enabled payer services industry, with a focus on enabling low-cost, high quality value-based care. New Mountain invests in the highest quality leaders in carefully selected defensive growth industries and then partners with management in continued business-building efforts. "We are very proud to partner with the Censeo and Advance teams, and we plan to commit substantial resources behind the combined company to invest in new products, services, and technology for the benefit of our customers." New Mountain seeks out what it believes to be the highest quality growth leaders in carefully selected industry sectors and then works intensively with management to build the value of these companies.