Thomas H. Lee Partners, a private equity firm, has purchased Intelligent Medical Objects, a healthcare data enablement company, from Warburg Pincus, a growth investor.
IMO provides software to 740,000 physicians daily to help hospitals reduce clinician burnout and unnecessary care. The firm manages more than 5 million clinical terms and maps to most coding services. Thomas H. Lee Partners invests in middle-market growth companies exclusively in three sectors: healthcare, financial technology and services, and technology & business services.
“We could not be more excited to partner with our new colleagues at IMO,” said Joshua Nelson, managing director at THL. “At a time when hospitals and physicians feel the strain of heightened demand and limited capacity, IMO’s products help deliver improved patient care and satisfaction. This works to the benefit of those providing care, and those seeking it.”
Evercore acted as the financial advisor, and Kirkland & Ellis acted as the legal advisor to IMO. William Blair acted as the financial advisor, Ropes & Gray acted as the legal advisor, Kirkland & Ellis acted as the financing legal advisor, and Deloitte acted as the accounting and tax advisor to THL.