Francisco Partners, a global investment firm focused on partnering with technology businesses, has acquired Office Ally, a provider of healthcare clearinghouse and software services. The deal will capitalize on Office Ally’s momentum to drive product innovation and growth.
Office Ally is a provider of electronic clearing house services, revenue cycle management and healthcare software services to payers and office-based physicians. The firm processes 25 million claims a month for 720,000 providers and 4,000 payers across the US.
“Office Ally’s position at the intersection of payers, providers, and patients provides unique insights into addressing the complexities and administrative burdens in the healthcare system,” said Justin Chen, principal at Francisco Partners. “The Office Ally platform delivers significant ROI to their customers, and our investment will support the company’s continued growth, customer focus, and product development including enhanced revenue cycle offerings.”
Lazard and Meridian Capital LLC served as financial advisors and K&L Gates LLP served as legal advisor to Office Ally. Kirkland & Ellis LLP served as legal advisor to Francisco Partners.