Intermedix Corporation Acquired by Thomas H. Lee Partners from Parthenon Capital Partners

Intermedix Corporation, a Fort Lauderdale, FL-based provider of revenue cycle management and software solutions to the emergency healthcare industry, has been acquired by Thomas H. Lee Partners, L.P. from Parthenon Capital Partners and minority shareholders.

To support the acquistion, whose financial terms were not disclosed, Citi, Wells Fargo and TCW/Crescent Mezzanine Management V, LLC provided financing commitments to THL.

As stated by Doug Shamon, CEO of Intermedix, “THL’s extensive experience in business services and healthcare will be pivotal in enabling Intermedix to continue to provide exceptional service to its clients and to be the leader in its chosen markets”.

Intermedix provides revenue cycle management services for emergency physicians and hospital emergency departments, emergency medical services (ambulance) agencies, urgent care centers, and fire departments throughout the United States. The company also provides hosted technology solutions for state and local public health agencies, hospitals, emergency medical services agencies, and fire departments using the brand names EMResource™, EMTrack™, ResponseManager™, TripTix®, WebCur™, and EMCredential™.

Commenting on the acquistion, Todd Abbrecht, Managing Director at THL, added: “We look forward to working with the Intermedix management team to continue to build the company and serve its clients”.

The transaction is expected to close next month.



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