Parthenon invests in MRO
Summary
As part of the transaction, Parthenon provided capital for growth purposes and acquired a meaningful ownership stake in the company. “We’re thrilled to join forces with Parthenon Capital and look forward to the myriad of ways that their investment and healthcare experience will help us grow our company and bring additional services and capabilities to our clients,” said Stephen Hynes, CEO of MRO. In September 2018, KLAS released the report “Release of Information 2018: Who Delivers Most Consistently Across Customers?” in which MRO was recognized for the best overall performance, highest quality service, fastest turnaround times and proven scalability. We believe MRO is well-positioned to help providers not only address numerous challenges related to exchanging PHI, but optimize the overall process of capturing, managing, releasing and utilizing health information in a secure and compliant manner.” Houlihan Lokey served as the exclusive financial advisor to MRO, while Torys LLP served as the company’s legal advisor. Parthenon seeks to be an active and aligned partner to management, either through recapitalization transactions or by backing strong executive teams.
Classifications
AskAI Classifications
LabelsLinked Companies
