AdvancedMD becomes an independent company following acquisition by Marlin Equity Partners
AdvancedMD, a pioneer in cloud technology for physician practices, announced that it began operations as a standalone company following the completion of its sale to Marlin Equity Partners, a global investment firm with over $3 billion of capital under management. Now known simply as AdvancedMD, the company continues to deliver fully-integrated electronic health records, practice management and patient relationship management software solutions, as well as big data reporting and business intelligence tools, designed to automate and optimize workflow in all areas of physician practices. AdvancedMD also today reiterated its commitment to independent physicians and launched new branding to reflect this commitment and its own independence.
AdvancedMD is one of the most comprehensive technology ecosystems designed for private practices and serves an expansive national footprint of more than 17,500 practitioners and 500 medical billing companies. The new AdvancedMD tagline, ‘Freedom to Practice,’ is derived from their focus on alleviating compliance challenges, streamlining workflow and ensuring providers get paid using state of the art medical billing power tools.
Raul Villar, formerly ADP AdvancedMD president, will continue as CEO of the independent company after a 26-year career with ADP. “As the largest provider of clinical and financial solutions to independent medical practices, AdvancedMD is dedicated to providing crucial solutions and resources that enable our customers to grow and succeed. We are excited to continue our mission and unveil branding that reflects our new status and strengthened conviction as a standalone company. With Marlin’s financial and operational support, we have the ability to continue to deliver unmatched value to our clients and partners.”
“We are thrilled to partner with the team at AdvancedMD to support the next chapter of the company’s growth,” said Michael Anderson, a principal at Marlin. “AdvancedMD is led by a strong management team with a clear vision for how technology can improve the productivity and care that independent physicians can provide to their patients. We are highly confident we can help accelerate the company’s impressive growth and build upon the valuable customer relationships that have allowed the business to reach this point.”