AdvancedMD to be acquired by Marlin Equity Partners from ADP
AdvancedMD, a division of ADP and the pioneer in cloud technology for physician practices, announced that it has entered into a definitive agreement to be acquired by global investment firm Marlin Equity Partners. 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. AdvancedMD includes fully-integrated electronic health records, practice management, patient relationship management, as well as big data reporting and business intelligencetools designed to automate and optimize workflow in all areas of the practice. AdvancedMD solutions are proven to accelerate revenue capture, streamline workflow and productivity, and facilitate improved patient health and satisfaction.
Raul Villar, ADP AdvancedMD President, will continue as CEO of the independent company following a 26-year career with ADP as a corporate vice president. "We are thrilled to take the next step in our extraordinary journey of providing medical practices the freedom to remain independent," commented Raul Villar. "AdvancedMD was the pioneer in cloud solutions for medical practices and today we are the largest provider of clinical and financial solutions to small, independent medical practices. Marlin Equity Partners is a perfect fit for AdvancedMD as Marlin is committed to our vision of enabling medical practices to increase cash flow, reduce administrative burden and improve patient care. Under Marlin ownership we are well positioned to accelerate product investment and will continue to deliver best-in-class implementation and service to our loyal clients and partners."