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.
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.