Thompson Street Capital Partners, a St. Louis-based private equity firm, has bought OrboGraph, a subsidiary of KLA Corp., as the first add-on acquisition to Revenue Managment Solutions, a provider of automated healthcare payments reconciliation services.
The deal combines two providers of automation-focused healthcare remittance reconciliation technology that will process over 350 million annual transactions across 14,000 national provider identifiers.
“We are pleased to announce the acquisition of Orbograph as the first add-on of RMS under the TSCP’s first Continuation Fund,” said Brian Kornmann, TSCP managing director.