Market Access Transformation (MAT), a Short Hills, N.J.-based global healthcare company, received a $30m minority investment from Silversmith Capital Partners.
The company intends to use the funds to expand the team and accelerate innovation of its product offerings.
Founded in 2016, Market Access Transformation is a global healthcare company that uses technology to automate and modernize how life sciences companies capture mission-critical insights that drive decision-making across the product lifecycle.
MAT developed Rapid Payer Response (RPR), an on-demand global platform for manufacturers to gather critical payer insights. Built on the company’s proprietary SaaS platform, RPR is powered by an expansive global payer network – which spans over 40 countries.
In five years, the company has built a client base of more than 45 biopharma and device manufacturers – including all of the Top 10 pharma companies.
Baiju Aurora, MAT’s CEO and Co-Founder, along with Co-Founder Paul Howard, will continue to lead the company, which has offices in the US, UK, and India.
As part of the investment, Brian Peterson and Jim Quagliaroli, Managing Partner of Silversmith, have joined MAT’s Board of Directors, along with Baiju Aurora and Paul Howard.